Stopping China’s growth cannot be a goal for the West

Deterrence and trade will have to go hand in hand

It is crucial for the US and the EU to be clear that their goal is not to prevent China from becoming richer, but to prevent China from using its wealth as a weapon. PHOTO: REUTERS
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Do we want China to fail? That question came up at a recent seminar I attended for Western policymakers and commentators.

The group was leafing through a report on the year ahead, when one of our number asked why one of the dangers listed for 2023 was a sharp slowdown in Chinese growth. “Isn’t that what we want to happen?” he asked.

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