Yes. IMO the Australia situation was embarrassing for China. Did it really have to create so so much fuss about Australia when it could just quickly and quietly sanction them and get over it?
Instead what China did, was to talk big, say about how much Australia depends on China, how poor Australia will become etc.. Look now whats happening, Australia is swimming in Chinese cash due to the China being "addicted" to iron ore.
I mean, before talking **** about how strong you are, and how you are going to damage them, how about you do your homework to check that you got all your bases covered. Instead they were caught with their pants down with being "forced" to enrich Australia by buying overpriced iron ore. And the next big iron ore mines will be opened at minimum 5 years later in Africa.
And who knows, it is Africa, maybe the US will pull some shenanigans and destabilize the region and all this effort goes to 0
Embarrassing.
Even that joke Morrison is mocking China
^^ Thats what happens when you dont plan properly before barking about dealing economic damage by sanctions. You get laughed out of the room from all sides