Basically Australia has balanced national security via FVEY/US backing with a huge economic upswing delivered off the back of China's rise globally for a couple decades now. Australia is effectively a parasitic passenger on the back of China from an economic growth perspective.
When ScoMo called for the Covid investigation back in 2020, China responded with a raft of tariffs which seemed designed to incur maximum political pain for domestic Australian politicians. And while some industries found new markets for their products, others were left holding the bag domestically. Wine and rock lobsters are good examples of this.*
AFR report on rock lobster woes from last year
https://www.afr.com/companies/agriculture/lobster-will-be-ch...
The Guardian article on the Australian wine glut from Sept this year
https://www.theguardian.com/australia-news/2023/sep/18/austr...
And while I do acknowledge that the relationships have been damaged, I also recognise these specific industries have been taking an absolute bath financially from this now gone export market. Australian businesses have bore the financial brunt of these decisions, not the Chinese.
Australians have experience logistically with the Chinese market, contacts on the ground, and the desire to move product that historically has sold very well into that market. And when faced with continued financial pain due to a lack new markets being developed (come to find out that's quite hard for some things like wine and lobster) I suspect these industries will welcome the return of exports to China with open arms, primarily as they're probably on life support as I type this and desperately need those free cash flows for solvency.
* I live in Perth, Western Australia, safe to say "we've" been talking about this issue pretty much since the tariffs were announced