The U.S. and China could slip into a ‘new cold war’ that pushes countries to pick sides
(Worthy News) – The U.S. and China have “diametrically opposed values” and will eventually slip into a “new cold war” in the coming decades, said a China analyst from Fitch Solutions.
“By a new cold war, I mean an all out, perhaps generation long, global economic, military and ideological struggle that could lead to a bifurcation of large parts of the world into a pro-U.S. bloc and a pro-China bloc with significant numbers of countries caught in between,” said Darren Tay from the Asia country risk team at the data research firm.
The split between the world’s two largest economies would likely force Southeast Asian countries to take sides, he said, even though they would want to be “pragmatic” and remain friendly with both countries for as long as possible. [ Source: CNBC (Read More…) ]
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