Many people here in WA say that "manufacturing is going to China" or "manufacturing is going to low-wage economies". That is certainly true for some sectors, but in others technological acumen and high quality products are important. I give some examples:
1. The Nissan plant in the UK produces the Leaf and other models, some of which are imported into Australia. Does Nissan UK pay subsistence level wages?
2. Plenty of other car manufacturers in Europe
3. TESLA manufactures in California - not a cheap location by any means
...and that's just one industry. There are many more. The Australian car industry sank because it was too inward looking. A country of 20 million is not a big enough market. The car makers should have seized on Australia's generally high reputation in Asia (well, not so now, but we know the reason why...) to produce upmarket vehicles that could compete with the Germans and others. We have the fastest growing region in the world on our door step. We should be doing more to exploit that advantage.