Failure to improve US-China relations ‘risks cold war’, warns Kissinger

Former US national security adviser Henry Kissinger has warned that strains between Washington and Beijing pose “the biggest problem” for the world, and a failure to improve them risks a “cold war” between the world’s two largest economies.

“It’s the biggest problem for America; it’s the biggest problem for the world. Because if we can’t solve that, then the risk is that all over the world a kind of cold war will develop between China and the United States,” Kissinger told the McCain Institute’s Sedona Forum on global issues.

Source: The Guardian #May01

https://www.theguardian.com/us-news/2021/may/01/us-china-doomsday-threat-ramped-up-by-hi-tech-advances-says-kissinger

#US #China #Coldwar #Washington #Beijing

As threats of ‘new Cold War’ between U.S. and China intensify, Canada needs firm strategy to adapt

Back in April, prominent U.S. senator Chuck Schumer tabled a sweeping 1,445-page bill that would lay the groundwork for America’s broad strategy to blunt China’s global rise.

The legislation, called the Innovation and Competition Act, identifies strategic industries like quantum computing, advanced semiconductors and pharmaceuticals, where it recommends the U.S. should ramp up public support. It proposes deeper protections for critical minerals, expands research spending, and aims to strengthen cyber defence capabilities, among other things.

Source: National Post #Jul31

https://nationalpost.com/news/as-threats-of-new-cold-war-between-u-s-and-china-intensify-canada-needs-firm-strategy-to-adapt

#China #US #Canada #ColdWar

Johnson may block Chinese takeover of UK’s largest computer chip maker

Boris Johnson may block a Chinese-owned company from purchasing the UK’s largest producer of semiconductors, a senior government adviser has suggested, as they warned Beijing was on the brink of initiating a new “cold war”.

Tony Abbott, the former prime minister of Australia recruited by Johnson to advise on post-Brexit trade, said he was heartened by a review being launched into the takeover of Welsh microchip manufacturer Newport Wafer Fab by Nexperia and suggested it meant the process could be paused.

Johnson had asked his national security adviser, Sir Stephen Lovegrove, to look into the sale after previously being accused of acquiescing to the deal by not scrutinising it more closely, particularly given the semiconductor industry’s geopolitical prominence.

Source: The Guardian #Jul27

https://www.theguardian.com/business/2021/jul/27/chinese-takeover-of-uks-largest-computer-chip-maker-may-be-blocked

#Johnson #UK #Chip #ColdWar

China warns US-UK-Australia pact could ‘hurt their own interests’

China has told the US, the UK and Australia to abandon their “cold war” mentality or risk harming their own interests after the three countries unveiled a new defence cooperation pact.

The trilateral security partnership, named Aukus, was announced on Thursday by the three nations’ leaders via video link, and will include an 18-month plan to provide Australia with nuclear-powered submarines.

It drew strong political reaction domestically in Australia and the UK, and from France, whose existing $90bn (£65bn) submarine contract with Australia has now come to an abrupt end.

Source: The Guardian #Sep16

https://t.co/BNrgTIE3rU

#China #US #UK #ColdWar #Australia