i wonder if we'd been having this conversation three years ago, four years ago, under a cameron osborne government. What went wrong to that? I think the and probably two things have happened. The chinese economy itself has very substantial problems. And some of the directions it's taking are not ones which many economists in the west think are going to work very well. But the second reason, much the more important, is that western policy makers, and above all, american policy makers, have decided that the rise of China is a major strategic threat.

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