China Markets politics

‘Cold War 2.0’ Is Still A Thing. And One Bank Is Astounded At The Lack Of Media Coverage

"Why not push back?"

Over the last several days, I've spent quite a bit of time talking up the prospect of renewed tensions between Washington and Beijing. It's not that "Trade War 2.0" (or "Cold War 2.0", if you like the hyperbole) is "more important" than news about the reopening of western economies following COVID-19 lockdowns. Rather, it's that these issues are inseparable. The coronavirus is yet another chapter in the increasingly dreary tale of Sino-US relations under Donald Trump. I don't mean to suggest that Trump's stance towards Beijing has been totally misguided. I do think it's fair to say it's been mostly misguided, though, and it's equally fair to assert that US foreign policy has been even more unpredictable and ham-handed than usual under this administration. Trump's nostalgia for the mercantilism of a bygone era is quixotic, at best, and his protectionist/nationalist policies are often couched in xenophobic terms, which is a dark road on which to travel. But when it comes to China, Trump accidentally stumbled into a few battles that are actually worth fighting, not the least of which involves pressuring Beijing to improve its human rights record. Make no mistake: There is no sto
Subscribe or log in to read the rest of this content.

8 comments on “‘Cold War 2.0’ Is Still A Thing. And One Bank Is Astounded At The Lack Of Media Coverage

  1. derek says:

    “Then there’s the ongoing push to pressure China over its treatment of the Uighurs and widespread repressive tactics in Xinjiang.” But I thought the base “dislikes” Muslims, no? At least if they are on US soil.

  2. The old cold warrior in me still remembers that a lunatic has access to the nuclear codes. A replay of October, 1962 would likely have an unfavorable outcome.

  3. George says:

    Really good post ……We never want to forget what is really behind all this action (not to downplay all the individual issues ) but even the Virus is just another factor brought on by bad choices made for all the reasons described in this post.. I liken this to a bunch of kids playing “King on the Mountain” and the one who prevails for a short time only never has the wisdom to create a flatter bigger top on that dirt pile … It’s a game of egos really…

  4. Economy is not going to win an election. Making China an election issue just might. Similar to Build the Wall rhetoric.

  5. Bob says:

    There are two statements early in the article which seem a stretch:

    1) “militarily, the Chinese are nearly (if not quite) America’s equal”. The US is a superpower able to project military power anywhere in the world. China is a regional power only capable of projecting military power regionally. In a decade or two it could rival the US. Right now it is not that close. It is closer economically than militarily.

    2) “If the future of the planet is Bipolarity, both superpowers have to be at least some semblance of sane when it comes to things like human rights, and at least pay lip service to international democratic norms.” All that is necessary for bipolarity is two roughly equivalent powers, who compete for dominance. Human rights and international democratic norms are of course desirable, but they are by no means necessary for a Bipolar world.

  6. You do note in passing that the US also has human rights abuses. That these are Capitalist somehow makes these abuses sanitized? I think for us to rail against China for abuses and not at least try to make reforms in our country is Hypocrisy. China is quick to note that one things we are good at is unabashed Hypocrisy and therefore they are not going to do anything. Without a moral leg to stand on the likelihood that we will convince them to change is nil.

  7. Will Smith says:

    Note to H that labeling Hong Kong radicals as protestors is itself SCMP propaganda

    These “protestors” commit vandalism, arson, illegally seized a public building and almost successfully detonated IED devices

    In some quarters, they are known as terrorists

    Americans won’t label 9-11 perpetrators as “protestors” would they ?

  8. Vlad is Mad says:

    Adding to push back on the idea of extrapolating China growth into the future is the demographic challenge. They are on the road to Japanification to a greater extent that the US. It would hardly surprise me if this ends of causing political implosion and revolution in China with devastating impacts on China’s standing. Bi-polar world? Doubtful!

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Skip to toolbar