The former Chancellor told Amol Rajan’s ‘Rethink: The Edge of Change’ that Western countries and America must decide whether to implement a containment policy against China or give them the seat at the world table their status deserves. Mr Osborne warned that choosing to attempt to contain China could result in a new Cold War.
Mr Osborne said: “Either the West and America decide it is going to run a containment policy like a new Cold War which I don’t think we have got the collective effort or appetite for and by the way it might end up in complete tragedy and disaster.
“You look at the tearing up of the TPP and Brexit, it is not as if the western alliances are all holding.
“Or you say let’s work with China.
“You call them out when they are wrong such as on Hong Kong but also understand their legitimate desire and right for a place at the world table that reflects their size and importance in the world.
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“That cooperation strategy seems to be the best way to deal with this rising power.
“The alternative is really unthinkable.
“Arguably with all these challenges we have got about, coronavirus, climate change, if we are heading into another Cold War between the United States and China that is going to dominate our lives and make solutions to these other problems simply impossible.”
Earlier this month Stephen Kinnock discussed the trade war between China and America with talkRADIO’s Mark Dolan.
“I think some of the measures that President Trump has taken in getting a more balanced and level playing field of trade have been steps in the right direction.
“I am certainly no friend of Donald Trump, I criticise him across the board.
“But managing the rise of China is the biggest geopolitical challenge that the world has faced for some time and will continue to face.
“We need to be united in our approach.”