
Originally Posted by
Zorro C9
OK here goes.
It's attractive to look at China/US relations as a "new Cold War" and I've heard this bandied about before but I do think it's a soundbite and there's not a lot of substance to it. For one the Cold War was about ideology, almost like a game of Risk- either your country is coloured red or blue or you're not a player (for the most part, we'll conveniently ignore NAM). The Soviet Union was trying to extend Communism, the US was trying to stop it and turn those countries blue. This is not happening today, because China does not see itself as the vanguard of Maoism like it once was in the 60s and 70s. Certainly there is a game of influence going on with China in Africa, the Pacific etc but it's more about getting what they want from those nations (be it ports or resources or whatever) than about extending or stopping Communism.
This is turn means that the proxy wars which defined the Cold War are not happening today between China and the US because neither side has other nations/states/regions with which to shadow fight the other like what happened with the US and USSR in places like Southern Africa, Afghanistan etc.
The third major point is the one you mentioned, economic interdependance. During the Cold War the USSR was basically propped up with grain supplies from outside, something which isn't happening with China. The US/USSR economies could not be compared because the US economy was miles away from the USSR's. This is not the case today, where, as you said, both parties are dependant on each other, not one on the other like in the Cold War.
I'm not really mentioning intelligence because that goes on everywhere, with and against everyone and will forever probably.
Superficially it's nice to look at it like the Cold War but I suspect this comes about because of the amount of undermining that goes on politically and economically from both sides. Really the only similarity is that the US is involved.
*For the purposes of this, the US is considered + mates and the USSR is considered + Warsaw Pact.