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  • The dispute between the United States and China...

  • ...is about much more than trade

  • For everything from blockbuster films...

  • ...to lunar exploration...

  • ...from semiconductors to submarines

  • In every domain, they're now rivals

  • Superpower relations have soured

  • America thinks that China is stealing secrets...

  • ...stealing its way to dominance

  • And then it looks at Chinese behaviour in the South China sea...

  • ...and bullying countries like Canada and Sweden...

  • ...and it thinks that China's beginning to challenge global norms

  • But it looks very different from Beijing

  • From its point of view...

  • ...America is trying to block its entirely justified rise

  • For everyone else it seems like the beginnings of a new kind of cold war

  • A cold war that everybody could lose

  • Of course America has fought a cold war before with the Soviet Union...

  • ...and it won

  • So why not just do the same thing again and cut China off?

  • Isolate it economically

  • Well it's a bit more complicated than that

  • In the late 1980s the United States and the Soviet Union...

  • ...did about $2bn-worth of trade a year

  • Today China and the United States do $2bn-worth of trade a day

  • And then there are the allies who helped America...

  • ...in the first cold war with the Soviet Union

  • Well they do a lot of business with China...

  • ...they want to be able to trade with it

  • It would cost them a lot to stop...

  • ...so to persuade them that they must choose security...

  • ...over their own prosperity...

  • ...would be very hard indeed

  • The first thing is that the United States...

  • ...needs to build on its strengths

  • These are often institutions and alliances...

  • ...the institutions that the United States built after the second world war

  • The second thing the United States needs to do...

  • ...is to shore up its defences

  • And that means defending itself militarily...

  • ...through cyber and space...

  • ...but also defending its technology

  • But the third thing is that the United States and China...

  • ...need to learn how to live together...

  • ...in a low-trust world

  • China and America don't have to agree about everything...

  • ...in order to agree that they should live by some global norms

  • So you need to find ways to build trust

  • Over North Korea say...

  • ...over rules for cyberwar or space war

  • China is challenging America in every domain

  • Business and a profit motive are no longer enough...

  • ...to keep this relationship together

  • What the relationship desperately needs...

  • ...is the building of trust and the building of rules

  • Unfortunately just now both sides see rules as something to break

The dispute between the United States and China...

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B1 US china cold war united war america soviet union

America v China: a new kind of cold war | The Economist

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    Liang Chen posted on 2019/06/02
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