Ex-WTO chief Lamy admits 'historical parallax error' on China, proposes new trade tool

Pascal Lamy, former WTO director and EU trade commissioner, publicly concedes that Western engagement with China was based on a miscalculation, calling it a 'historical parallax error.' He proposes a new mechanism to address trade imbalances, signaling a shift in elite Western consensus on China trade policy. The admission is notable for its source—a key architect of the previous approach—but the proposal's specifics and policy impact remain unclear.