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I think that Labour is absolutely in Beijing's pocket, but the coalition is also in Beijing's pocket. Australian politics are shockingly corrupt, but the nation itself is so small that keeping our politicians bribed and compliant would be a rounding error on the Chinese diplomacy budget. The bigger restraining factor is the influence of the US - we're still effectively a US vassal state (see the blatantly forced submarine deal), so the major political parties being in the bag for Beijing doesn't mean as much as it would elsewhere.
Bribed or not, they're sure not very compliant. What, are you saying the 14 demands were a fake-out? Beijing is not very good at subtlety and WEIRD politics; people that are doing their bidding tend to act like Sam Dastyari, and most of our politicians don't.
It's not like the USA could actually force us into AUKUS without our agreement; more relevant IMO is our voting public which likes the USA and doesn't like the PRC. And yeah, sure, if the populace did like the PRC I'm sure a lot more politicians would start dancing to Beijing's tune, but that's a counterfactual.
I can't really think of much else that Beijing could really get from them that they aren't already. Political leaders being corrupt doesn't mean they'll do things which get them voted out of office or thrown in jail unless they're not smart enough to see that as the most likely consequence.
The last time the voting public wanted to have a look at our relationship with the US, they elected Gough Whitlam. The message that got sent there was pretty clear to anyone paying attention. Kevin Rudd went through the same thing when he tried to pivot to China - something that the media didn't pay much attention to was the fact that the major players in his leadership spill were all US informants, and we only know that thanks to Julian Assange.
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