Former Australian Prime Minister Tony Abbott has urged Australian businesses to reduce dependence on Chinese manufacturing by finding alternative sources for key raw materials amid the mounting pressure on global supply chains caused by the pandemic. “I’d be a lot more scared about a shooting war with China than I would be about a couple of degrees rise in temperature over the next 50 or 60 years,” Abbott said in an interview with Hudson Institute on Nov. 1. “We do not want to be needing China for anything that is absolutely critical to our long-term future … If we are dependent on China for that, we could certainly find ourselves deprived of it when we need it most.” He also said he would not buy important raw materials from China if he could get them from elsewhere, despite “not against trading with China.” Abbott, who signed the Australia-China free trade …
Former Australian PM Urges World to Reduce Dependence on China Supply Chain
November 3, 2021
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