China has stoked its people’s hopes of using economic growth to return to national greatness and reverse national humiliation, and such dreams die hard. Photo: Reuters
Graeme Maxton
Opinion

Opinion

Graeme Maxton

The trade war shows China’s economic dream is dying. Beijing now has a choice: open up or stagnate

  • The US is demanding that China change course and, for all its growth and promises, Beijing is in no position to argue: in tech, it still lags at least 10 years behind the US and doesn’t have the depth of skills to produce its own high-end goods

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China has stoked its people’s hopes of using economic growth to return to national greatness and reverse national humiliation, and such dreams die hard. Photo: Reuters
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Graeme Maxton

Graeme Maxton

Graeme Maxton is a full member and past secretary general of the Club of Rome, a global network of renowned independent thinkers dedicated to addressing the challenges facing humanity. His latest book, Change! Why We Need a Radical Turnaround, will be published in 2018. He is the co-author of Reinventing Prosperity: Managing Economic Growth to Reduce Unemployment, Inequality and Climate Change, and the sole author of The End of Progress: How Modern Economics Has Failed Us. Both books were international best-sellers. He was previously with The Economist Group in Hong Kong.