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Thing is though, we're reliant on the US in much the same way an employee is reliant on their employer. In the absence of a direct replacement, the consequences of getting seriously offside with the US are very problematic.However for a country like Australia there is nothing to gain by being a "crusader against China". We lose out on trade and gain nothing other than a kudos from America. It's pointless.
In that plus economic terms I think thus guy sums it up fairly well what Australia needs to do (also covers the off-topic point of housing but that's only a couple of minutes):