I don't think China is that stupid- yes they are moving into the South China Sea and Taiwan is at risk. Military conflict will destroy Chinas economy more than it will destroy Australia's. We at least have the basics to feed our nation yeah we would drop a number of steps in our standard of living. Half of China would starve, they would lose their biggest market the US and I'd say it would give the US a big out on the country that holds the largest amount of US foreign debt. China is at economic war not military
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