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If the Chinese are willing to take the risks of buying up agricultural land in Australia with the hops it will feed them should the worst happen, then more fool them.
As was seen during SARS, when the chips are down even slightly, it's every country for themselves.
China would be better off stopping the desertification of their own country, reforming their agricultural sector to attain the efficiency of the US and Australia in terms of output rather than buying land somewhere else and hoping we will ship the produce to them.
Why? when you can purchase land outside of your borders, that already has been cleared has infrastructure, all it requires is water.
The cost placed on pumping water from the ord to Perth was $12B, that was using diesel not gas.
That is a pittance to China, when they own enough land, they could put it in and charge us for the water.LOL
We are such a bunch of dicks, but we will be able to watch our demise on high speed NBN broadband, for $50b.
Like our NBN driven IT sector is going to lead us to the forefront of the world. Jeez
Even if we came up with something the U.S, U.K or China would buy it out.
The only advantage we have is minerals on the surface and a small population.
We should be using the mineral wealth to develop the food bowl, which will be ongoing.IMO