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  • Oct 12, 2018 – the tension between China and US is hard to get resolved

U.S. Edges Toward New Cold-War Era With China, A more hard-nosed stance with Beijing is emerging from the Trump administration as China’s help with North Korea wanes and trade talks stall.

“The U.S. is getting tougher and tougher, confronting China on all fronts,” said Zhu Feng, an expert on China-U.S. relations and international security at Nanjing University. “Beijing should be very coolheaded because does a new Cold War serve China’s interests? No.”

The U.S. moves represent an emphatic shift from a “constructive engagement” strategy that dates to the establishment of diplomatic ties in 1979. It was based on hopes China would slowly liberalize economically and politically.

Underpinning the change is the view that China has reversed course since Mr. Xi took over in 2012 and began recentralizing political and economic controls, pledging to build his nation into a great world power.

Peter Navarro, the president’s trade adviser, is a longtime China hawk and compiled a report this summer for Mr. Trump that showed how China’s economic aggression threatens the U.S. technology sector. He has been distributing a book to administration officials titled, “The Hundred-Year Marathon: China’s Secret Strategy to Replace America as the Global Superpower.”

John Bolton, the new national security adviser, has long advocated for a tough approach to China. According to a senior administration official, Mr. Bolton has “unleashed” Matthew Pottinger, chief Asia adviser for the White House, to push for stronger China policies.

About Timeless Investor

My name is Samual Lau. I am a long-term value investor and a zealous disciple of Ben Graham. And I am a MBA graduated in May 2010 from Carnegie Mellon University. My concentrations are Finance, Strategy and Marketing.
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