In the battle for global dominance, all eyes are on China & the US. For some, the tensions are reminiscent of the Cold War, an almost 50-year conflict that defined much of the 20th century. But it's not the Cold War; China isn't the Soviet Union | Analysis
With a new decade of competition looming, Washington is pushing back hard against Beijing across a range of fronts, including trade, military and diplomatic matters.For some the tensions are reminiscent of the Cold War, the almost 50-year conflict between the Soviet Union and the US which defined much of the 20th century.But this is not the Cold War -- and the People's Republic of China is not the USSR.
Chinese parade marks 70 years since end of WWII 05:00Trade tiesDuring the Cold War, Moscow and Washington operated in separate trading spheres, competing against each other for trade from third parties.In the modern global economy, however, relationships are far more intertwined. China is the largest trading partner for dozens of countries across the world, including major US allies like Australia, Japan and New Zealand.
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