Shi Yu/China Daily The Russia-Ukraine conflict has rekindled the debate on economic dependency and deglobalization, something that haunted the world when previous US president Donald Trump launched trade wars against China and other US trading partners a few years ago. While the EU and the US restricted exports after the COVID-19 pandemic broke out in early 2020, China has been …
Theories about a new Cold War and decoupling between China and the United States have been hyped in recent years amid a cleavage in Sino-US relationship. Joseph Nye, who introduced the term "soft power" to world politics, proposed the term "cooperative rivalry" to describe the bilateral ties. During his conversation with Nye, Wang Huiyao, president of the Center for China …