China and Australia are going back to business, without illusions

We could use a little good news. China has to change its approach commercially for sure and regardless, they simply need Australian resources and this will continue.

The fact is that the whole globe has alternatives and those alternatives are today enthusiastic about taking on chinese markets.  Not so until the Chinese proved it all up.

The fact is that China always had those markets to lose.  That is an awful position obviated once by the British with their empire.  Now we  have the game of free trade that has to be continously renegotiated..

China and Australia are going back to business, without illusions

https://asia.nikkei.com/Opinion/China-and-Australia-are-going-back-to-business-without-illusions

The leaders of Australia and China did not meet for six years until Prime Minister Anthony Albanese sat down with President Xi Jinping on the sidelines of the G-20 summit in Bali this month. Due to Beijing's anger over an array of perceived slights, it imposed a host of hurdles to Australian imports of products ranging from lobster to coal in the interim.

"China was keen to make an example of Australia to make sure others did not go astray, but it did not work," writes Dave Sharma, previously a senior Australian diplomat and legislator, noting that Canberra addressed none of Beijing's complaints before the Bali meeting.

While Australia's change of government played some role in reviving dialogue, more important were changes in the international environment that compelled Xi to change his tune. But despite the Bali breakthrough, Sharma says, "The bilateral relationship will not return to the heights of a decade ago."

"It will be a cold peace," he says. "The interests and preferred global and regional order of the two nations are simply too divergent now."