Beijing not interested in any 'Cold War'

Of late, there has been talk of and concern over a possible "Cold War" between the United States and China. The argument goes that Beijing and Washington are competing to establish their respective versions of "political correctness" and global order.

And although the Sino-US trade conflict has eased after US President Donald Trump agreed at the G20 Summit in Buenos Aires on Saturday to not impose additional tariffs on Chinese imports and President Xi Jinping said China will increase US imports, Beijing still favors a multilateral approach to international trade based on rules and equality while Washington seems keen on pushing ahead its version of "fairness" and "reciprocity".

Before the G20 Summit, the US had also been ignoring the World Trade Organization's consultation and arbitration system while trying to impose its demands on China and its other trade partners.