Australia is in a high-risk situation, even though superficially it appears secure. Its options are to align with the United States and accept the military burdens that entails, or to commit to Asia in general and China in particular. Until that time when an Asian power can guarantee the sea-lanes against the United States -- a time that is far in the future -- taking the latter route would involve pyramiding risks. Add to this that the relationship would depend on the uncertain future of Asian economies -- and all economic futures are now uncertain -- and Australia has chosen a lower-risk approach.
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