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China’s rise in the new world order

Not since the Cold War has the US had a serious rival superpower. Even in that period of intense nuclear paranoia, a sign mounted inside the Pentagon proclaimed: “If we ever faced a real enemy, we would be in deep trouble1”. With the rise of an increasingly powerful, influential and technologically advanced China, that adversary could have arrived. In his latest report, ‘US v China: the real agenda behind the trade war’, Gary Greenberg, Head of Global Emerging Markets at Hermes Investment Management, explains why China’s emergence on the global stage poses a genuine threat to US dominance.

Gary Greenberg said: “Predictions that China would shed the skin of totalitarian single-party rule and emerge as a multiparty, liberal market economy have proved to be well off the mark. This outcome, coinciding with the US’s retreat from global leadership under President Donald Trump, has created a geopolitical vacuum that the Chinese authorities are eager to exploit.”

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  1. 1Source: “Destined for war: can America and China escape Thuycidides’s trap?” by Allison, G. Published by Scribe in 2017

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