I can start.
I think the rhetoric is correct in terms of having eyes wide open and having the various guardrails. The issue is going to be implementation and the kind of work that is under way to make sure that those guardrails exist and to make sure that we have the capacity and the resources to implement them.
Some of the early signs are not encouraging. We've spoken about Taiwan and what happened with the two Liberal MPs who were recalled. We've spoken about the Taiwan arrangement for trade that's still on the books. We've spoken about the issue of forced labour and how that has been handled when it comes to China.
I think we have to be careful not to change pragmatic engagement or selective engagement into basically complete acquiescence to everything that Beijing puts on the table. If the mark of success is that we have a relationship with no friction, that we basically try to manage it quietly, then we will be in dangerous territory, because the red lines will continue to shift. We will be at risk of undermining our long-term interests and values for the sake of potential short-term economic gain.
