Both President Biden and Xi reject the U.S.-China competition as a new Cold War, but global power dynamics mimic Cold War patterns with multiple battlegrounds and arms races.
The competition extends to securing mining rights, trade deals, economic and military partnerships globally, mirroring the 20th-century U.S.-Soviet Union Cold War rivalry in various regions.
#us-china-competition #cold-war-dynamics #global-power-struggle #arms-race #economic-interdependence
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