It seems to me that China outplayed the West here by a wide margin.
For some reason, the West has let China get away with extremely protectionist trade policies the likes of which no one else in the world would dare even attempt. I think this was a combination of fear that isolating China vs creating a high degree of economic interdependence could lead to war down the line, and a lack of control over Western companies who sought to break into China.
The situation today is deeply concerning. I think Western nations need to take dramatic action to curb / disincent China's protectionist policies and let their market open up to the rest of the world. If they won't truly do so, then the West needs to respond in kind.
For some reason, the West has let China get away with extremely protectionist trade policies the likes of which no one else in the world would dare even attempt. I think this was a combination of fear that isolating China vs creating a high degree of economic interdependence could lead to war down the line, and a lack of control over Western companies who sought to break into China.
The situation today is deeply concerning. I think Western nations need to take dramatic action to curb / disincent China's protectionist policies and let their market open up to the rest of the world. If they won't truly do so, then the West needs to respond in kind.