The People’s Republic of China is the major wild card for the world’s economic and geopolitical future in both the short and medium terms. This has only been reinforced by two recent developments, one in the security realm and one economic. The first was the somewhat tense meeting between the foreign ministers of the United States and China, which was followed by the US making the startling claim that China was preparing to send military aid to Russia to support its invasion of Ukraine. China’s response predictably refuted the claim. This came also at a time when US President Joe