Will China succeed in building a parallel order to US dominance?

Beijing steps up their game in bid to secure international mediation body

20250610 Deepinsight

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) 

HIROYUKI AKITA

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.

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