The entire issue with Australia is fascinating because it reflects the challenge of how western and Asian democracies - who are solid trading partners with a rising, assertive China under Xi. For a most thoughtful response to such questions, I always turn to former Australian PM Kevin Rudd, kind of like the late Lee Kwan Yew or Henry Kissinger, a wise sage regarding China. Check out this fascinating interview: https://www.worldpoliticsreview.com/trend-lines/29049/kevin-rudd-on-xi-china-and-u-s-global-leadership