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Opinionopinion

Hitting the right notes in our duet with China

Mike Loftus on our attempts to understand modern China and its role in the global economy

An old friend, British but resident in Guangzhou for the last few years and with long experience of dealing with China before that, was in Birmingham the other day.

I asked her what she thought she had learned.

"The old saying is," she said, "that after a month in China you think you know enough to write a book; spend a year there and you might write a chapter; after a lifetime you realise you know nothing at all."

The Chinese might say just the same about us but the events of the last week or so have, for me, highlighted yet again how incomplete our understanding of China still is.

Curiously enough, it has been close reading of the newspaper business pages together with a recital of Chinese folk music that brought this to a head.

Studying the papers and their analysis of ongoing economic events in China has been illuminating.

Over the period since the economic crash in 2008, the impression is that the commentators see China as an elderly couple might regard their neighbour's teenage son.

First, they noted with surprise how much bigger and brighter he seemed suddenly to have got (though they are bit dubious about the academic achievements he boasts).