New Times,
New Thinking.

  1. Long reads
7 July 2020updated 08 Jul 2020 5:44pm

End of the Golden Decade

Driven by mercantilist ambitions, the Cameroons courted China. But now the Conservatives are turning against the rising superpower.

By Isabel Hilton

When Boris Johnson became mayor of London, he abolished London’s representative office in Beijing with a stroke of the pen, loftily pronouncing it a “waste of money”. In October 2013, still mayor of London, Johnson joined a six-day trade mission to China where he articulated the opposite view with equal confidence. China’s economic growth, he said, was spectacular “and the opportunities that this presents for London are huge”.

It may not come as a surprise that serious, and informed, views on China are not Johnson’s strong suit. But what does get his attention are the views of his own back bench. It can be anticipated that his erratic ­position is about to change again: having surfed the Brexit referendum on the promise of fresh opportunities in Asia – and China in particular – Johnson is now preparing a U-turn that will lead to restrictions on Chinese investment in the UK and the cancellation of the contentious, high-profile promise to admit the Chinese telecoms giant ­Huawei to the UK’s 5G network. Other critical ­infrastructure investments, in particular in nuclear power, could be in doubt. ­Reciprocal opportunities for the UK in ­China, which have never been as big as the Brexiteers ­suggested, are shrinking by the day.

Subscribe to The New Statesman today from only £8.99 per month
Content from our partners
An old Rioja, a simple Claret,and a Burgundy far too nice to put in risotto
Antimicrobial Resistance: Why urgent action is needed
The role and purpose of social housing continues to evolve