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Australia has a proud record of originality in advanced manufacturing. It is the country that gave birth to the ultrasound scanner, the black box flight recorder, and the bionic ear. Today, advanced manufacturing accounts for around half of Australia’s $100 billion-plus annual manufacturing output and is one of the fastest-growing export sectors. (Source: Austrade)

China has the need for R&D services for China’s steel industry for example (high-speed rail, nuclear, automotive, shipbuilding and ocean engineering), and in contracting and collaborations. Cooperation in international production capacity and equipment manufacturing are also highlighted.