From The Australian:
China is demanding that the Howard Government review its 50-year-old military pact with the US, warning that the ANZUS alliance could threaten regional stability if Australia were drawn into Sino-US conflict over Taiwan.
Under the ANZUS alliance, Australia is obliged to support the US should China resort to force to resolve its long-running dispute with Taiwan.
But a top Chinese official – Beijing’s director-general of North American and Oceanian Affairs, He Yafei – told The Australian that Australia and the US needed to be careful not to invoke the ANZUS alliance against China.
For more on this subject, you can read Willy Lam’s article: “China and Japan: The separation of economics and politics,” or Ted Galen Carpenter’s analysis “Pursuing a Strategic Divorce:The U.S. and the Anzus Alliance”