Anatole Pang is a former Conservative council candidate for Twickenham, and is resident in Beijing where he has worked for four years. He is currently an active member of Conservatives Abroad there.
In my last piece on this site, I discussed some of the
main themes in current Sino-British trade ,and began to look at some remedies
needed. In particular, I tackled one great area of complacency: the idea that
although Britain's services-focused economic structure was not as strong in the
emerging markets as manufacturing powerhouses such as Germany, we would still
benefit in the "next cycle", as those economies matured and required
services. I pointed out that there are precious few examples of any emerging markets
allowing as much foreign presence in services as they do in products - and that
this hope was most likely a fallac.
Following on from this, and partly in
relation to some of the responses I have had, both to the piece and more
generally, I want to tackle the second great area of complacency which I detect
in our British mentality: the idea that as long as we keep our own house in
order, things will be fine. This school of thought argues in essence that we do
not need such a thing as a "China policy", or an "India policy"
or anything else. We should remain true to who we are (possibly in conjunction
with an exit from Europe), and our patience will be rewarded.
For a start, this way of thinking
demonstrates a dangerous parochialism which prevents Britain from taking on the
challenges of globalisation head-on. It is instructive to note how far we are
from our American cousins for whom "China
is an overarching backdrop to almost everything" being discussed on
Capitol Hill. Naturally. we do not have their geo-political priorities But, ideally, our own discourse should resemble more closely that description than
the sad "black box" which currently exists. We need to talk more at
Westminster about China.
Moreover, this attitude does not recognise
the realities of our current relative position, or future trajectory. At some
point, Britain will have to embrace its position as an underdog rather than a
major player, and we have to understand that how we implement and conduct
government-to-government trade policy is totally different in each
circumstance. The days of corporate imperialism - when Britain could aim to
dictate trade with the emerging markets on its own or even equal terms - are
long gone. Instead, we must be flexible, and aim to shape ourselves to provide
what others need on their terms.