Economic credibility key issue for Australian voters

19:28, August 19, 2010      

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Economic credibility will be a key issue for Australian voters to consider in the forthcoming federal election.

Australian Prime Minister Julia Gillard has staked her party's re-election bid on the economy's resilience, promising more jobs and less tax on business if she wins the tightest vote in nearly 50 years.

Bruce McLaughlin, Sinogie Consulting Chief Executive, believes the Labor government has a more realistic economic policy that will help sustain Australian business.

"The economy needs support. The Labor has done an excellent job with the help of the growing China market of maintaining economic stability in very difficult times. I'm concerned that the Liberal Party would withdraw much of that support, and that the economy could crash under a Liberal government," he told Xinhua on Thursday.

Australian Opposition leader Tony Abbott has told the press that he would be cautious about investments by foreign state-owned firms if his party won the election this Saturday.

McLaughlin raised concerns that the Liberals might turn even more xenophobic, and restrict foreign investment in Australian industry.

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