How do you deal with the world's second largest economy when it seem to be intent on spying in the UK, persecuting dissidents here, and hacking into our computer systems? Is the priority national security, or keeping on good terms with our third-largest trading partner at a time when we are in desperate need of economic growth? The challenges of the collapsed spy trial, and whether to give the go-ahead to a new Chinese embassy in London, have brought all these questions to the fore. So Phil and Roger got the view of George Magnus, an associate at the China Centre at Oxford University, a research associate at the School of Oriental and African Studies, and former chief economist of UBS.
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