Cold War prism gives distorted view of trade

Australian Prime Minister Scott Morrison was absolutely right when he said on Wednesday that the "strained" relationship between the United States and China risks "collateral" damage in the region, amid the growing global economic uncertainties.

It is a concern shared by many.

The entire world is watching whether the planned meeting between Chinese President Xi Jinping and his US counterpart Donald Trump on the sidelines of the G20 Summit in Osaka will bring about a meaningful shift in their trade dispute.