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Australian companies are already working hard to reduce reliance on China, adds Dirk van der Kley, from policy research group China Matters, citing universities in particular. But it's the market which matters here.

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Mr Van Der Kley predicts others markets australi also emerge for Australia as China's middle class ages, particularly in sectors such as health care and nursing. Australia is home to more than 1. Ultimately, though, slick diplomacy is just "packaging", says Mr Maude, the former diplomat: "China will still often object to what's inside, no matter how well wrapped.

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Australian companies are already working hard to reduce reliance on China, adds Dirk van der Kley, from policy research group China Matters, citing universities in particular. The ificant Chinese diaspora in Australia should not be overlooked, others say. Others say Australia needs to be more strategic in its canberrs - for example it could criticise China from within a group of like-minded nations rather than striking out on its own.

Chinese consumers continue to favour Australia for education and tourism, partly for this reason. But those proceeds flow directly into jobs and welfare, making China a ificant driver of Australian prosperity.

But on the political level, there's a consensus that Canberra-Beijing relations have sunk to their lowest ebb in decades. Canberra - like other democracies - can no longer overlook political reality for economic gains. But it's the market which matters here.

They also suggest hawks within the government should be reined in by Prime Minister Scott Morrison. It has been three years since a bilateral meeting of leaders, despite Australia's repeated requests. Prof Golley says she finds calls by some security analysts to turn away from China - covered heavily by the media - "depressing". Richard Maude, a former foreign policy head in the Australian government, says it is vital that Australia can co-operate with China on food security, energy and climate change.

We have done nothing nor sought to do anything that is inconsistent with our values, or have sought to be in any way hostile to our partnership with China. Cnaberra argues that Beijing has become more assertive and authoritarian.