Abstract
This chapter describes the events that catalysed the Rudd Government’s changes to the FDI screening regime. In the first section, the Chinese “Go Out” policy aimed at securing raw resources necessary to Chinese economic industrialisation is described. In the second section the wave of investments from China, predominantly from sovereign-owned enterprises, into the Australian mining sector is examined. It is shown that while the material significance of the investments to the Australian economy can be overstated, the situation impressed upon the Australian Government that its control over resources vital to the Chinese economy offered a point of strategic leverage. In the final section, an expansion of the criticism of the existing accounts of the policy is provided.
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Peters, M. (2019). The Policy Problematisation. In: Regulating the Rise of China. Studies in the Political Economy of Public Policy. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-05466-3_4
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