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AAP
AAP
Business
Marion Rae

New economy 'needs critical reforms to build trust'

United States Phillips Australia Jim Chalmers NFF
Using artificial intelligence responsibly could be just as important as net-zero goals. (Joel Carrett/AAP PHOTOS)

Australia has been warned it will miss out on future prosperity under its existing industry policy and cannot match the US or China.

Unable to compete with China's industrial strength or generous tax breaks and subsidies available in the US and Europe, Australia is relying on finance to unlock resources and production lines that the world needs to go green.

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