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Illustration by Adrià Fruitós. There is a story that Washington policy-makers like to tell about America’s relationship with China, a narrative of the betrayal of naive hopes that is closer to a fairy tale than a sober analysis of history. The fable goes something like this: Once upon a time, there was a hermit kingdom called China, poor, angry, and isolated. Two visionary statesmen, Richard Nixon and Henry Kissinger, visited this unhappy land and opened it up to the world. With diplomacy and trade, successive American leaders helped build up China, with the dream that, as it grew richer, it would join the United States in upholding a harmonious global order. But engagement proved a false dream: As China grew richer, it remained despotic, undercutting America with sharp trade practices, repressing its own people, and threatening its neighbors. Suddenly America found itself confronting a monster. Shortly before he died in 1994, Nixon told

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