The writer is executive director of the International Institute for Strategic Studies Asia, and author of ‘The Billionaire Raj’
Two recent Beijing trips by global leaders have shed light on the many paradoxes of a future age of economic decoupling.
A visit by Emmanuel Macron, president of France, and Ursula von der Leyen, European Commission president, last week generated waves of controversy in the west. Another, by Anwar Ibrahim, prime minister of Malaysia, went almost unnoticed but in many ways proved more illuminating of the challenges of decoupling.
Macron travelled to Beijing with von der Leyen to present a united European approach to China. But he also brought a phalanx of business leaders, opening Paris up to accusations of mercantile foreign policy and leaving Europe looking divided.
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