A former Australian ambassador to China assesses that bilateral relations have stabilized, reaching a “good enough” baseline for Australia. Graham Fletcher, who served as ambassador from 2019-2023, details the improvement in a recent report from the Lowy Institute. While ties plummeted from 2017 onward, they are now on “a more realistic footing.” This assessment suggests a pragmatic acceptance of current engagement, even if it falls short of China’s desired level of cooperation. The report indicates a move away from the severe tensions of recent years. However, the phrasing "good enough" suggests limitations and ongoing complexities within the relationship. Further development will likely proceed cautiously, focusing on practical engagement rather than ambitious breakthroughs.