CommentWill China succeed in building a parallel order to US dominance?
Beijing steps up their game in bid to secure international mediation body
U.S. President Donald Trump, left, and his Chinese counterpart, Xi Jinping. The U.S.-China rivalry may have entered a new phase after Beijing’s establishment of a new international mediation body in Hong Kong. (Nikkei montage/Source photos by Reuters)
SINGAPORE -- Few now dispute that the U.S. and China have entered a new cold war. The pressing question is whether these two superpowers, locked in an escalating rivalry, can manage their competition and prevent tensions from spiraling out of control.