Fifty years after Nixon's visit to China, some Western analysts have opined that China is tilting back towards Russia, and the new Cold War has begun. However, Chinese analyst Zheng Weibin believes that the current Ukraine crisis actually marks the true end of the Cold War. Not only would Russia be less effective with exerting its influence over its former republics, but the West has demonstrated stronger unity. He cautions that while the West likes to liken China to Russia, the two are totally different kinds of nations with very different mindsets. To move forward and achieve mutual growth, both China and the West need to put aside the Cold War mentality and embrace the current world for what it is.
China has managed Trump era hostilities by implementing a “dual circulation strategy” with a focus on its domestic market, but it risks turning inward to the detriment of its economy, says analyst Zheng Weibin. In particular, it should guard against being shut off from the technological progress of other major economies.
Zheng Weibin notes Taiwan’s unperturbed response to Nicaragua switching its allegiance to Beijing, the eighth such reversal since President Tsai Ing-wen took office in 2008. In his analysis, the US in practice treats Taiwan differently, despite its purported adherence to the “one China” policy and is swaying others to do so. In light of such support, there is no need for Taiwan to chase after symbolic diplomatic recognition.
Analyst Zheng Weibin says that the establishment of the Taiwanese Representative Office in Lithuania, with “Taiwan” rather than “Taipei” in its name, should not be looked upon by Beijing merely as Taiwan gaining diplomatic space. China needs to understand better the dynamics underpinning China’s relations with Europe and the shifts in the EU's foreign policy strategy. Taking a heavy-handed approach is likely to be counterproductive for the Asian giant.
While US President Joe Biden has said that the US is ready to come to Taiwan’s defence, a White House statement made clear that the US’s “one China" policy remains unchanged. Analyst Zheng Weibin examines how everyone speaks of maintaining stability and peace in the Taiwan Strait, but it is the stakeholders themselves who seem to be rocking the boat amid China-US competition. While holding fast to ideology-based rhetoric, it is important to understand the security perceptions of individual actors and to avoid provocations, in order to achieve regional stability and peace.
Analyst Zheng Weibin says that while the China-US competition is a tussle for power that some would compare to the Cold War of the 20th century, digital technology is making all the difference in the 21st century. Today's competition is taking place amid changing definitions of national strength and economic power, and China needs to catch up in terms of growing its digital economy and meeting the challenges that come with it.
Analyst Zheng Weibin notes that the clampdown on Didi shows that the competitive relationship between China and the US has affected the global interactions of tech giants, and political factors will matter more in global investments of startups in China. In the aftermath, will technological innovations such as digital manufacturing through artificial intelligence be straitjacketed?
Analyst Zheng Weibin notes that heightened US-China competition means a technological edge will be key. To safeguard that advantage, the US may rely on state intervention in the science and technology sector, while tapping on its alliance network. How will this approach affect China and the world?