WhatIfThereWasaColdWarBetweentheU.S.andChina?ByWorldEconomicForumNov.28,20120We’realreadyseeingareturntoColdWareracontainmentstrategies(遏制战略)astherelationshipbetweentheworld’stwolargesteconomiesdeteriorates(恶化),arguesIanBremmer,presidentoftheEurasiaGroup(欧亚集团)andauthorofEveryNationforItself:WinnersandLosersinaG-ZeroWorld.TheWorldEconomicForum,incollaborationwithTIME,quizzedBremmeronthenatureofU.S.-Chinesetensionsandwhatcanbedonetosoftenthem.WhyisthespecterofU.S.-Chinaconfrontationsoreal?We’reinasituationwheretheworld’slargesteconomyisnotdoingsowell,theworld’ssecondlargesteconomyisstillgrowingverystrongly,albeit(虽然)ataslowerrate,andthetwocountrieshavetotallyincompatible(不相容的)economicandpoliticalsystems.TherelationshipbetweenChinaandAmericaisonlybecomingmoreproblematic.IntheforeignpolicydebatesaheadoftheUSpresidentialelections,ObamareferredtoChinaasan“adversary”(对手,敌手)forthefirsttime.It’snotjustaboutpoliticalposturing(故作姿态).ChinaisthesinglebiggestchallengetoUSforeignpolicy,inthatAmericansmostlyseeforeignpolicyintermsofhowitimpactstheAmericaneconomy,andChinaisincreasinglyamarketthatmanypeoplebelieveisnotplayingbytherules,fromintellectualproperty(知识产权)tostatecapitalism(资本主义)tocyberattacks(网络冲击).Similarly,inChinesestatemedia,you’reseeingmuchmoreassertiveness(自信),moretalkoftheAmericanstryingtocontain(牵制)China,theAmericans“notwantingustobeworldbeaters”,“notwantingustobenumberone”.There’snoquestionthattheAmericansandtheChineseatthehighestleveldounderstandthatit’sdangerousforbothcountriestoallowtheirrelationshiptobeadisaster,sothey’retryingtoavoidunnecessaryconflict.Buttheproblemisn’treallyunnecessaryconflict—it’sthatthenecessaryconflictoverhugestructuralissueslikecurrency(货币)andtradeisbuildingup.Whatwarningsignshaveyouseen?There’sthemassiveincreaseintensionsbetweenChinaandJapan:inthelastfewweeks,therewereanti-Japandemonstrations(运动)inabout100citiesinChina,JapanesecarsalesinChinaweredown49%lastmonth,andeveryCEOIspoketoattherecentIMFmeetinginTokyosaidthatthisissuewoulddramaticallychangetheirviewondoingbusinessinChina.IMF国际货币基金组织MonetaryThisissignificantbecause,ultimately,AmericaisJapan’sdefencepolicy:theyhaveastrategicalliance(战略联盟),soifthereisaproblembetweenJapanandChina,weknowwheretheUSisgoingtocomedown.HowdoesChina’sholdingofU.S.governmentdebtaffecttherelationship?TheJapaneseareactuallyontracktobecomethelargestholderofUSdebt,externally,notChina.Chinaistryingtodecouple(减弱)fromthedollar.Ifyoulookatwhatthey’redoinginbuildingdomesticconsumptionandexpandingSouth-Southtrade(南南贸易),thenit’scleartheywanttobeinapositionwherethere’slessmutualdependencewithAmerica.Butthat’salongwayoff,andChinaisstillverymuchAmerica’sbanker.WhataboutChina’spoliticalsuccession?InChina,youdon’thavestrongindividualleaders,youhavegovernmentbyconsensus,soasaconsequencetheactualcompositionoftheleadershipisnotgoingtoinfluenceforeignpolicytoomuch.Whatyoudohavearealotofmovingpieces.There’stheBoXilaiscandal,there’sthewayXiJinpingdisappearedoffthesceneforacoupleofweeks:thesethingscauseallkindsofrumours(传闻,谣言),andthenthegovernmentbecomesmoreriskaverse(风险规避)asaresult.Bothbecauseofthepoliticaltransitionandtheslowdown–globallyandinChina–Chinesegovernmentofficialsarelesswillingtotakerisks,andthoserisksincludethetransitionoftheireconomyandtheirpoliticalsystemtowardsmorestructuralreform(体制改革).That’swhat’sneededforChinatohaveabetterrelationshipwiththeUS,andit’sabsolutelynothappening.Iftherelationshipweretodeterioratefurther,howwouldthishappen?It’salreadybecominganewkindofcoldwar.WhatthismeansisthattheAmericansandtheChinesewillbefrenemies(友敌).They’renotgoingtobecomeenemies,becausethat’snotpossible,butthey’renotfriendsanymore,either.AllofAmerica’sallies(同盟国)areverymuchafraidofChina’srise,sothey’rebeggingtheUStoplayamoresignificantroleinAsia.YoucanseewhattheAmericansaredoinginresponse:inSouthKorea,theysignanewballisticmissile(弹道导弹)deal,inIndonesiatheysendoverfighteraircrafts(歼击机),inAustraliatheysendawholebunchofmarines(海军陆战队)toDarwin,andonandon.TherehavebeenlotsofjointmilitaryexercisesinVietnam(越南)andthePhilippines(菲律宾).Thenthere’salsothequestionofcyberattacks:ChinaisAmerica’sprincipleenemyinthisarea,andviceversa(反之亦然).Thebigquestionistowhatextentallthisisgoingtobleedoverdirectlyintotheeconomicrelationship.It’salreadystartingto,inthatalotofAmericanfirmsaresaying“Wedon’thavetheaccessweusedtointoChina,andfurthermoretheChinesearestealingallourstuff.”Whatwouldbethenextphase?You’dstarttoseemoretitfortats(针锋相对)onnewtradetariffs(贸易关税),andnewsanctionsbetweenthetwocountries.AmericawouldpressitsalliesmuchhardertoaligntheirinvestmentpolicieswiththeUS.You’dstarttoseeUScorporateleaderspubliclycomingoutandtakingananti-Chinaperspective,whiletheChinesewouldbemoreaggressiveabouttheneedtoworkawayfromthedollarasthereservecurrency(储备货币).Onaculturallevel,inAmericayouwouldseefewerChinesestudents,fewerChinesepeoplebuyingpropertiesthere.AndLordknows,thereisalwaysthepotentialforxenophobia(仇视排斥外国人):youonlyhavetothinkbacktotheJapaneseinternmentcamps.Ant