“In the post-pandemic era, US policy towards China could shift focus to containment and towards a ‘new Cold War’,” he wrote in the article posted on the WeChat account of Peking University’s Institute of International and Strategic Studies on Tuesday.
“Although it is unlikely that China and the US will go down the road of decoupling, this possibility cannot be eliminated and should be given careful attention,” said Yuan, whose last diplomatic posting was as China’s consul general in San Francisco.
“Although China has done well in the fight against the pandemic, to see this as a historic opportunity for China’s rise is a strategic misjudgment. If we let populism and extreme nationalism flourish freely in China, the international community could misinterpret this as Beijing pursuing ‘China First’,” Yuan said, referring to US President Donald Trump’s “America First” policy.
The coronavirus, which was first reported in central China, has added to the deepening rift between Beijing and Washington over issues ranging from trade and technology to security and human rights. They were again at loggerheads over responsibility for the pandemic at the United Nations General Assembly last week“The pandemic has heavily burdened the American economy, but this does not mean that the Chinese economy will therefore benefit from this opportunity,” Yuan said. “With top-notch technology, the biggest consumer market, financial market and global currency, the US could be the first to walk out of economic crisis and get back on track.”
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