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Australia budget to bolster supply chains, domestic industry post-coronavirus and amid China turmoil

Australia’s new budget commits funding to help diversify supply chains and support domestic manufacturing as disruptions stemming from the coronavirus outbreak and continued trade frictions with China have reinforced the need for self-sufficiency.The Australian government will spend A$107.2 million (US$76.7 million) on a Supply Chain Resilience Initiative that will map out existing vulnerabilities and offer solutions to strengthen them, Canberra announced on Tuesday.The scheme is paired with a…

Read the original article at South China Morning Post

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