I think the rise of China is one of the great events of all economic and human history, and I think this will be overwhelmingly a positive thing for the region and the world.
The key issue is the shift of the centre of gravity from the West to the East, the rise of China and India.
I have read more about Oprah Winfrey’s ass than I have about the rise of China as an economic superpower. I fear this is no exaggeration. Perhaps China is rising as an economic superpower because its women aren’t spending all their time reading about Oprah Winfrey’s ass.
In terms of our region, what we need to ensure is that the rise of China [is] conducted in a manner that does not disturb the security and the relative harmony of the region upon which China's prosperity depends. Now - now, that requires careful diplomacy, it requires balancing.
The best way to contain China and make it the peaceful rise of China is for us to have an enormously robust navy that is the greatest navy in the world, that can patrol two oceans, that can fight two or three wars, and China will not challenge us because the Chinese are practical.
Australia is this former British colony at the foot of Asia. We've been involved - we've been in lockstep with America in every battle you have fought for a century. We were there in Vietnam. We were there in Korea. We were there in Iraq. We were there in Afghanistan. We are slightly apprehensive about the rise of China.
What people recognize is that there's a fear that the United States is in an unstoppable decline. They see the rise of China, the rise of India, the rise of the Soviet Union and our loss militarily going forward.
But Australia faces additional regional and global challenges also crucial to our nation's future - climate change, questions of energy and food security, the rise of China and the rise of India. And we need a strong system of global and regional relationships and institutions to underpin stability.
ISIS is the near-term threat, and that the longer - or the mid-term challenge is managing the rise of China. There's some evidence that that's the thinking of the [Donald Trump] administration. That's a perfectly reasonable approach. Well, if that's the case, then you surely want to have a united West to deal with both, and you want to have Russia alongside, but maybe not this Russia while it's busy trying to undermine your chief asset, which is a united West.
It’s easy to see why politicians would be drawn to the populist pose. First, it makes everything so simple. The economic crisis was caused by a complex web of factors, including global imbalances caused by the rise of China. But with the populist narrative, you can just blame Goldman Sachs.
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