Both the US and China are revisionist powers
They mirror each other: America wants to overturn the economic order, while China wants to change the geopolitical order
Both China and America are dissatisfied with the current world order. The nature of their unhappiness is very different. But the two countries' rival ambitions have produced a trade war that now threatens globalisation.
The problem, as conceived by United States President Donald Trump, is that the world economic system is operating hugely to America's disadvantage. He complains that "globalism" has helped China to rise at America's expense, undermining US prosperity and global pre-eminence.
Please subscribe or log in to continue reading the full article.
Get unlimited access to all stories at $0.99/month
- Latest headlines and exclusive stories
- In-depth analyses and award-winning multimedia content
- Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*
*Terms and conditions apply.