trade and tech battles
propaganda and the threat of cyber war
are building tensions between two global
superpowers
so our china and the u.s enter a new
cold war
the cold war between the u.s and the
soviet union
was driven by a contest of capitalism
versus communism
the two countries fought by backing
opposing sides in proxy wars around the
world
and there was a constant threat of a
possible nuclear war
china and the u.s are not getting on
right now
america can no longer ignore the
fundamental political and ideological
differences between our countries they
have targeted each other
using propaganda about the origins of
the coronavirus pandemic
and instead of a space race the two
countries are now competing to develop
a vaccine
this new cold war is also less about
nuclear fears
and more about a cyber war
spying was at the heart of the cold war
and now it is happening online carried
out by an army of hackers
both the us and china have accused each
other of hacking into government
military or business networks
the u.s also fears chinese tech could be
used for spying
but is china really as big a rival as
soviet russia was
china's finances and tech are more
linked with western systems than the
soviets were
so decoupling these could hit economies
on both sides
china's military power is weaker than
the us but it is growing and its navy
has overtaken the us in size
two regions could raise the heat in this
battle
the u.s is building ties with taiwan but
china sees taiwan
as a breakaway province that will
eventually be part of the country again
[Applause]
and china lays historical claims to the
south china sea
but this is disputed by many countries
and its strategic position as a global
trade route
makes this a flash point
if this new type of cold war escalates
it could impact the cost of our goods
by disrupting the global supply chain
and countries may be forced to take
sides
nobody is certain what china or the u.s
want the end game to be
but if this calculated cold war
escalates into a very real hot war
what will either side really achieve
you