Australia is insisting on a full on international review/investigation as to how this virus came to be and how it spread, so as to ensure measures are taken to prevent any such event in the future from any place on this earth.
Various nations, such as The USA have backed Australias requests, so now it is more than "just Australia" however, it is Australia leading the request as the initiator of it.
So if China bullies Australia into backing down, then that literally gives China the green light to do whatever they wish to do in future to anyone in this world.
This is a stand off situation and China is literally turning a blind eye to international laws and trade agreements in its attempts to show that they are not to be messed with, no matter what it is that they do.
That is the long version.
The short version is:
China thinks they can bully Australia and make an example of us to show the rest of the world what happens when anyone asks China to show some responsibility and team work on an international level.
The end.
This little news report literally hits it right in the bullseye:
RE: Enslaving People 21st Century Style!