Each side is attempting to challenge the other's dominance in various fields ranging from economics and technology to geopolitics in the Indo-Pacific Area, with a possibility of it turning into a hot war.
US & allies and China & allies are in a competition resembling a new Cold War.
After the “spy balloon” incident and evidence that several Chinese state-owned enterprises have supplied military components to the Vladimir Putin regime, relations between the People’s Republic of China and the United States and its allies seem destined to go towards an irreversible downward spiral. The answer to the question of whether we are witnessing a Cold War or “new Cold War” analogous to the bitter struggle between the U.S.
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