News Snapshot:
The US and China remain on a collision course. The new cold war between them may eventually turn hot over the issue of Taiwan. The “Thucydides trap” – in which a rising power seems destined to clash with an incumbent hegemon – looms ominously. But a serious escalation of Sino-American tensions, let alone a war, can still be avoided, sparing the world the cataclysmic consequences that would inevitably follow. There will always be at least some tensions when a rising power challenges the prevailing global power. But China is facing off against the US at a moment when America’s relative...
