China is a problem, and whether Paul Keating thinks we should kow-tow to them or not, we'd assume he's a pretty lone voice, not only in Australia, but globally (excluding in China itself of course). Australians, or our media, may be somewhat xenophobic, but we're not alone in being subjected to their wolf warrior style of diplomacy.
Taiwan, the South China Sea, and the associated military build up is going to remain a (possibly the) major theme for decades or more. If less, then watch out and head for the hills, or the bunker if you have one.
But China is also facing significant internal economic issues, including the Evergrande property/debt/credit issue that has the potential to cause significant social ripples as well as economic ones. Evergrande it may once have been, but no longer, and the sheer scale and extent of their property empire, and the number of Chinese investors impacted will have many, both within and outside the ruling elite, concerned.
President Xi has ultimate control, but to what extent he can control the Evergrande crisis is uncertain. Headlines such as "Pop goes the Chinese Property Bubble" in the Wall Street Journal, or "Has China's Housing Crisis Finally Arrived?" from Foreign Policy may be slanted by an outsider's view, but the size and extent of Evergrande's risk to the Chinese economy are significant, and yet to play out.
Finally, it wouldn't be Hedge Clippings without the opportunity to take a swipe at ex PM Kevin Rudd, who, always the opportunist himself, this week wrote a piece for the French newspaper Le Monde criticising the decision to cancel the French submarine deal in favour of a joint US, UK version.
Given France's success (or lack of) on the battlefield or at sea over the past few centuries, including more recently in WWI and WWII, we're probably better off without the French - or their submarine