Analysis of Strategic Competition Between China and the United States in the New Cold War Era
- 1 Nanyang Technological University
* Author to whom correspondence should be addressed.
Abstract
With the advent of the "New Cold War" era, the United States has identified China as its "primary strategic competitor," leading to an escalation of strategic competition between the two nations across multiple fields. This paper outlines the specific manifestations of Sino-U.S. strategic competition. As China has become the world leader in total financial capital, industrial capital, and commercial capital, its foreign strategy has encroached upon U.S. financial interests, resulting in a continuous escalation of strategic competition, particularly in the financial, high-tech, and military sectors. The paper primarily analyzes the deeper causes of Sino-U.S. strategic competition from three perspectives: the adjustment of U.S. reindustrialization policies, the dual export of economic costs and institutional costs, and the construction of a new Cold War ideology. It also considers the political and economic environments both domestically and internationally, and analyzes China's competitive strategies.
Keywords
New Cold War era, Sino-U.S. relations, strategic competition
[1]. Ye, S. L., & Liu, X. F. (2015). "Super third party": Japan's perception of the construction of a new type of major power relationship between China and the United States. Northeast Asia Forum, (12).
[2]. Xia, L. P. (2024). U.S. institutional balancing against China under the national security strategy and its impact. Asia-Pacific Security and Maritime Studies, (3).
[3]. Ministry of Commerce. (2019). Statement by the spokesperson of the Ministry of Commerce on the U.S. announcement to further increase tariffs on Chinese goods exported to the U.S. [EB/OL]. Retrieved from http://www.mofcom.gov.cn/article/ae/ag/201908/20190802893477.shtml
[4]. Wen, T. J., & Gao, J. (2015). China's "dual output" pattern to the U.S. and its new changes. Economic Theory and Business Management, (7).
[5]. Li, S. K. (2010). The impact of the financial crisis on the U.S. banking industry: A review and prospect. International Finance Research, (12).
[6]. Manufacturing Power Index 2023 [EB/OL]. Retrieved from https://www.sohu.com/a/363793094_478183
[7]. Wallerstein, I. (2004). World-systems analysis. Duke University Press.
[8]. Wen, T. J. (2021). Globalization and national competition. Oriental Publishing.
[9]. Wen, T. J., & Gao, J. (2015). China's "dual output" pattern to the U.S. and its new changes. Economic Theory and Business Management, (7).
[10]. Zhang, C., & Zhao, Z. R. (2021). The China-U.S. trade war in the "post-pandemic" era: Causes, trends, and responses. Regional and Global Development, (01).
Cite this article
Lu,X. (2024).Analysis of Strategic Competition Between China and the United States in the New Cold War Era.Advances in Economics, Management and Political Sciences,124,93-100.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
Disclaimer/Publisher's Note
The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content
About volume
Volume title: Proceedings of the 3rd International Conference on Financial Technology and Business Analysis
© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and
conditions of the Creative Commons Attribution (CC BY) license. Authors who
publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons
Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this
series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published
version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial
publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and
during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See
Open access policy for details).