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"Australia must recognise," the report says, "that there are many technologies necessary for the clean energy transition in which China's research and development efforts are world leading and that failure to co-operate closely with China in these areas will see Australia fall away from the climate technology frontier and miss significant opportunities for economic prosperity in the clean energy industrial transformation." And Australia's opportunity is to provide China with "raw and refined minerals, abundant clean energy resources and know-how to power China's own transition". At the outset, that's going to require regulatory and investment settings that are suitable for businesses….
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