China defeated what was essentially our 'C-team' by 20 points in the Stankovic cup final leading up to the 2012 Olympics:
http://news.xinhuanet.com/english/china/2012-07/11/c_131707284.htm
Todd Blanchfield, Clint Steindl, Mitch Norton, Cody Ellis, Hugh Greenwood, Cameron Bairstow, Jason Cadee etc reprented Australia, while China played what was pretty much their full team, including Yi Jian Lian and Sun Yue (I can't remember of Wang Zhi Zhi participated).
I would say this series will be closer than many anticipate. Keep in mind we swept China last year in the YouYi Games with our 'B-team' (for the most part).