, Columnist
Cold-War Risks Are Getting Real. Still Don’t Care?
China’s resilience to growing mutual hostility with the U.S. suggests its post-Covid recovery is for real.
Going back to the old playbook in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
To get John Authers' newsletter delivered directly to your inbox, sign up here.
China and the U.S. are ever more at loggerheads. Why doesn't it appear to matter? Chinese leaders are more assertive, and more openly critical of the U.S., than at any time since the death of Chairman Mao, while the U.S. has amped up anti-Chinese rhetoric to new heights. Beyond trade protectionism, the agenda now includes clamping down on U.S. investment into China, and shaming companies that do business there.