Beijing Review

A BIFURCATED WORLD?

The author is a senior international research fellow at Center for China and Globalization and founding director of the Himalayan Consensus

Twenty years ago, the ritzy five-star hotels of Beijing were hosting conferences every week on globalization, holding out a promise it could bring us all together and that barriers on trade and investment would be coming down. Business people, accountants, investment bankers and lawyers crowded during coffee breaks, and we all felt the buzz of something bigger than us that would somehow make the world more integrated and whole.

Chinese officials would take the stage in panel discussions with foreign business leaders, envisioning a future where China would be part of the global community,

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