Australia depends largely on selling minerals to China which has been allowed to become the sole manfacturing country of the world, via so called, out of control globalisation. A situation never foreseen by any economic theory. OZ depends hugely on gas and mineral sales to keep our tiny population country, 22mill, in a high standard of living. We have virtually no manufacturing industries to distribute money in wages to average people. Many US manufacturing Companies, have also moved to China. Jobs that will never comeback. Remember how much Detroit got in subsidy during the GFC ?
So what if China collapses like the Soviet Union ? Epoch Times article suggest its beginning to happen, because China is still a Stalinist economy like North Korea. And all those breathtaking tall building projects in Shanghai, are being built on credit to keep people employed.