<p style="margin: 0px; text-align: justify;">Reassessing its value against perceived threats, Australia has unveiled radical reforms in its defence spendings. The new strategy now focuses on long-range strike capabilities and building weapons at home. Australia's new Defence Strategic Review was launched by Prime Minister Anthony Albanese in Canberra. Mr Albanese said that his Government's strategy was designed to make Australia more self-reliant, more prepared and more secure. He said, Australia cannot fall back on old assumptions and must strengthen its security by seeking to shape the future rather than waiting for the future to shape the nation.</p>''<p style="margin: 0px; text-align: justify;"> </p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">According to reports, the defence review comes amid perceived threats, including from a muscular China under President Xi Jinping. The Defence report highlights that Australia's largest defence ally, the United States, is no longer the unipolar leader of the Indo-Pacific. It said that China's assertion of sovereignty over the South China Sea threatens the global rules-based order in the Indo-Pacific in a way that adversely impacts Australia's national interests.</span></p>