The concept of the “Cold War”, which originated shortly after the end of the Second World War in 1946, emerged as a public political term in 1947 and has been widely used ever since. The practice of China–US relations over the past 2 years has triggered several important academic and policy propositions: Will the comprehensive and accelerating strategic competition between China and the US evolve into a new Cold War? What are the consequences for world politics? How can a tragic China–US cold war be kept at bay? 1 For the keys to these questions, we need to review the history of the Cold War between the US and the Soviet Union and learn modestly from experts on the Cold War. The release of the United States Strategic Approach to the People’s Republic of China on marks, to some extent, the formation of the US’s competitive strategy against China (The White House 2020). Furthermore, there has been a formidable contest between the two powers on security and political issues related to Taiwan, Hong Kong, and the South China Sea.
A financial war seems to be in the offing amid increasing financial frictions between the two giants in 2020. Since Trump came to power, and especially since the end of 2017, China–US relations have witnessed historic changes, including the beginning of the largest tariff war in the history of international economic relations and the onset of an unprecedented technological war against China by the US. On the contrary, when a social scientist cannot understand the complicated and tumultuous world, it may be wise to calmly study and seek practical answers from history.
Although history might not simply repeat itself, this does not mean that historical analogies are meaningless.
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