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At last there are signs of a tough, even brutal, debate about the ­implications of the rise of an ­asser­tive and Leninist China and its con­sequences for an Australia that merrily assumes it can stay ­independent and live by values ­repudiated in Beijing.

Australians inhabit a dream world, yet we are unique among G20 nations as the country most exposed to pressure, intimidation and leverage from Beijing. The Australian psychology, still im­bued with the residue of its “lucky country” cargo cult, is slow to grasp the awesome transformation before the nation and is unprepared for the unprecedented challenge it faces.

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