Recently, China has ordered Australia to settle its iron ore trade with China in CNY instead of USD, and Australia has accepted it.
Because the Brazilian ore and Guinea iron ore invested by China have already been put into production, China can completely cut off its iron ore trade with Australia at any time. If Australia feels that it can its country by exporting kangaroo meat……
So we don't believe that the Australians' loyalty to the United States would extend to giving up their high-income country. Australia is ultimately just a country that sells resources, and not even rare ones like oil. It needs China far more than China needs it. No matter deep the friendship and no matter how strong the alliance with the United States, the economic relationship will inevitably erode it from within.