U.S.-China Great-Power Rivalry: From Trade War to New Cold War

Jianyong Yue ()
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Jianyong Yue: London School of Economics and Political Science

Chapter Chapter 6 in Crony Comprador Capitalism, 2024, pp 193-236 from Springer

Abstract: Abstract This chapter establishes a connection between China’s mishandling of North Korea’s denuclearization and the outbreak of the trade war with the U.S. Despite their interdependent relationship characterized by asymmetrical dependence, China found itself in a de facto submissive position during the trade war. However, China’s perception of American power as being in irreversible decline proved to be a significant misjudgment. This overconfidence, amplified by China’s early success in managing Covid-19, intersected with America’s realist impulse of intolerance toward China as a peer rival. These dynamics fueled the escalation of the trade war into a new Cold War, with high-tech supremacy at its core.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-53154-5_6

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DOI: 10.1007/978-3-031-53154-5_6

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