Good on you Hasbeen. You hit the nail right on the head.

Any others out there who are having there share portfolio damaged by this spate between Australia and China?

To address the very broad issue What Should Australia Be Spending Extra Defence Dollars On?

Takes a very broad understanding of:

- history since Japan attacked Darwin, Australian troops fighting Chinese troops in the Korean War, etc

and

- world and regional land and sea geography

with

- particular attention to China's South China Sea naval base/air base island building

and

- attention to China placing an arc of island nations heavily into debt that are close to Australia (including East Timor, PNG, Solomons, Vanuatu and Fiji). China recognises that such "debt-trapping" can pressure island nations into

allowing China to build air/naval bases on their territory, eventually in order to form a land based blockade over Australia. Japan tried that in WWII.

- meanwhile China is has recently tripled its defence spending on all conventional and nuclear weapons categories - meaning China's military Capability is rising sharply

- compared to China the USA's military capability is declining gradually. This is called the zero sum "game".

- Trump's ignorant approach to regional alliances may continue under Biden

- in the sense China's position as the US's No.1 Trade Partner may take precedence over the US desire to secure its allies against China

- So it is not coincidental that Australia is seeking strong links with other Nuclear allies including:

France (aided by 10s $Billions to be paid for French Submarines)

and the

UK (aided by 10s $Billions to by paid for the UK's Hunter class Future Frigates)

If the US relative decline continues Australia's quiet multi-decade planes for Nuclear propelled subs carring Nuclear Missiles may be accelerated.

NOTE that Nuclear missiles are better housed in hard to find submarines because nuclear missiles in land silos are in an already know location,
hence easily "taken out"

and

aircraft carrying nuclear weapons are very slow in the vast Indo-Pacific theatre and can be easily shot down.

plantagenet,

Keep in mind that there a few million Chinese in Australia who will be very upset if Australia poses a threat to their ancestral homeland.

How will you control them and stop them from running amok attacking people and damaging property?

Mr O,

Keep in mind that not all of the Chinese in Australia
have links with mainland China. Many are from Taiwan,
and other parts of the Asian world, and many were born
here and have been living in Australia for several
generations.

Foxy,

What don't you understand by the term 'ancestral homeland'?

Well said Foxy

And you add knowledge, balance and seriousness.
___________________________

Mr Op

Your flippant, no-knowledge, limitations degrade this thread.

Just don't comment unless you have something serious to say.