The hand has been dealt, the cards largely played, and China has won. The world is just in denial at this point.

That's a bit bleak, but probably true. Any way you slice it, it's hard to see how the western world can function without Chinese goods/money - which doesn't leave much room for doing anything.

There currently appears to be zero-will in Australia to de-couple from this trade-trap. Politicians know it would cause economic pain in the short term, which would cause them to lose the election - so - just forget about it ...

There's a (large) portion of Taiwanese who simply want to be left alone - they don't want to become a political plaything for either the US or China, but that seems a forlorn hope now.