The massive state resources China is pouring into cutting edge technologies – including biotech, wireless networks, artificial intelligence and big data processing will produce great inefficiencies and major breakthroughs. Australia’s exclusion of Chinese telcos from participation in our 5G networks was based on world class analysis. But the blanket ban should be the exception rather than a guideline for future Australian engagement with Chinese technology. In the 5G case, it was not possible to mitigate the security risk. Australia will need to work hard to find ways to avoid denying itself the benefits of future Chinese technology. That will entail acceptance that risk must be managed rather than eliminated in a more technology-dependent world.
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