The shape of Asia’s new cold war

China’s decision to demolish the “one country, two systems” arrangement in Hong Kong appears to be a fait accompli, and in fact seems to have been preordained. Viewed in a broader context, the move represents a major salvo in a new cold war that is already playing out across three critical dimensions.

SEOUL – In retrospect, the decision by the Communist Party of China (CPC) to impose a new security law on Hong Kong seems to have been preordained. Historically, rising powers always try to expand their spheres of geopolitical influence once they pass a certain stage of economic development. It was only a matter of time before China would do away with the “one country, two systems” arrangement and impose its laws and norms on Hong Kong – a territory that it considers integral to the motherland.

Read The shape of Asia’s new cold war, published in Project Syndicate on June 10, 2020.

Sponsored Content

Leave a Comment

Florida: Opportunities in a crisis

Florida: Opportunities in a crisis

The Florida State Board of Administration has made some strategic moves to take advantage of opportunities in the dislocation, including in private equity, distressed debt and active listed equities.. But CIO, Ash Williams, is concerned about the underlying real economy.

Sort content by