Economist Satyajit Das imagines how all of this looks to the Chinese via a letter from the Chinese envoy Down Under to the Politburo of the Communist Party of China
Your Excellency, I am pleased to present the requested report on the economic outlook for the Great Southern Province of China, currently referred to by the local population as "Australia". For convenience, I will refer to the country by this older name.
Deep dependence on our great nation means Australia's future is inextricably linked to China. Given that the white European colonisers historically feared the "yellow peril", the irony of the situation will be not lost on the Politburo. The locals, however, continue to believe in both in its sovereignty and also its bright economic prospects.
Image: Chinese tourists Ren Yajing (L) and Wu Chong (R) support a giant Australian dollar display at the Royal Australian Mint in Canberra on October 21, 2011