Are US-China really on a path of no return?

Posted By : Telegraf
11 Min Read

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China’s President Xi Jinping’s acceptance to attend US President Joe Biden’s summit on climate change was a rare ray of light in the middle of a very dark situation.

The two countries have differences over ideology, culture, civilization, trade, currency management, Hong Kong, Xinjiang and human rights. There are ongoing fights in cyberspace and space; there is major competition over technology and the Belt and Road Initiative; there is rivalry for global primacy.

There are conflicting claims and deep tussles in many geopolitical areas: Taiwan, the South China Sea, the Senkakus, the Indian border, North Korea, Iran, Russia and the future of tumultuous Myanmar. There are growing fissures over the future role of the digital yuan against the US dollar.

There are so many tensions that it seems likely they cannot be solved and will eventually be blown out of proportion. Moreover, the global tectonic shifts which are being brought about by Covid-19 and the pandemic’s consequences are further fueling the tensions.

Covid-19 vaccines are creating yet another area for diplomatic and political tension and the stimulus packages to counter its economic impact have further enhanced divergences.

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