This is an insightful must-read article from the Economist.
Regular readers will know that this blog has not been a great fan of UK Chancellor, George Osborne. This is to do with Osborne’s hard-line on austerity and slow choice of strategic options.
However, it’s worth differentiating between Osborne as Finance Minister compared to effectively Deputy Prime Minister. He’s a very wily political animal and could well be the UK’s next Prime Minister.
I do tend to agree with George Osborne’s approach to China.