Even before the current pandemic, tensions between the US and China were already rising, and this trend has been accelerated by the fallout from COVID-19, raising the spectre of a new Cold War. There are some parallels with what happened between the US and the Soviet Union, particularly on ideology. A key difference is that China is much more integrated with the US and global economies than the Soviet Union ever was, implying a higher cost from any reduction in economic links. The US network of partners offers a key advantage that China cannot match in the near future…

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