Nothing Good Will Come From The New Cold War For Australia
On 15 November 2022, during the G20 summit in Bali (Indonesia), Australia’s Prime Minister Anthony Albanese told journalists that his country ‘seeks a stable relationship with China’. This is because, as Albanese pointed out, China is ‘Australia’s largest trading partner. They are worth more than Japan, the United States, and the Republic of Korea… combined’. Since 2009, China has also been Australia’s largest destination for exports as well as the largest single source of Australia’s imports.
For the past six years, China has largely ignored Australia’s requests for meetings due to the latter’s close military alignment with the US. Now, in Bali, China’s President Xi Jinping made it clear that the Chinese-Australian relationship is one to be ‘cherished’. When Albanese was asked if Xi raised the issue of Australia’s participation in several military pacts against China, he said that issues of strategic rivalry ‘[were] not raised, except for in general comments’.