Share this on Twitter Share this on Facebook Share this on LinkedIn Share this on Sina Weibo Share this on Wechat Share this on LinkedIn China's Golden Week, pictured here in 2006, brought about significant consumer spending as people were free to shop without strict coronavirus restrictions.Credit: Jakob Montrasio, Creative Commons LONDON — While much of the hand wringing over China has abated somewhat during the Covid-19 crisis, the fears animating Western attitudes toward that country have not disappeared, and could resurface at any moment. These tensions represent a major, vexing dilemma for the world, given China’s massive and growing economic power. And the situation certainly hasn’t been helped by the failure of the other major economic powerhouse, the United States, to manage the current crisis effectively. Owing to my professional background, I usually approach issues like the Sino-American relationship first as a macroeconomist. But as the chair of Chatham House, I have been developing a more nuanced view of the issue, taking into account not just the economic dimension but also security, diplomacy, culture, and other factors. To that end, it seems only reasonable that we should adopt a broader “optimization framework” for understanding and managing relations between China and the West. Subscribe or login to read the rest. Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.