Action: remain as a member of G20, how should Australia face the Chinese investment?
ASX Source: AAP
A recent PwC report warned Australia would be struggle to remain in the top 30 countries by 2050. As a G20 member, Australia currently ranks the 13th largest economy in the world.According to Australian Financial Review, Foreign Minister Julie Bishop said Australia needs to embrace technological change and guard against creeping economic protectionism and nationalism if it wants to remain a G20 country.Foreign investments are critical to Australian economy. China is only the seventh largest country in terms of total foreign investment in Australia, but it attracts by far the most attention.As Australians' concerns about Chinese investment are heightened, will Australian economy find alternatives to remain its strength?
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