The world is looking for answers as to why we now have a pandemic and a global recession likely and China is being seen as the country responsible add to that the world now voting (WHO) 62 countries want an independent review of the virus origins.
Australia humped on board early for an independent inquiry and the WHO was not keen on the idea at the time. Trump has pulled USA ongoing funding for the WHO and Australia is being called a DOG of the USA.
As a result the Chinese Government has imposed tariffs on Australian Export Barley in an attempt to punish Australia. Since this happened India has now stepped up and will purchase the barley from Australia good news.
The Victorian Government has today announced the tariff restrictions illegal or breach of contract on road belt deal already signed. What is China getting in return for a signed belt/road agreement?
Could China be given preferential loan agreements with the Victorian Government?
Overall countries around the global are wanting to hold China accountable for the COVID19 pandemic expecting more tension yet to surface and China to become more and more on the outer.
China money for apartments in Sydney and Melbourne is not drying up which may translate to a property developer collapse in the apartment space. The benefit of this is no more cheaply built apartments in CBD's.
In summary the world is turning against China and China may very well turn its back on the west.