Frederick Kempe, CNBC: The U.S.-China clash has entered perilous new territory
* Secretary of State Mike Pompeo’s landmark speech at the Nixon library on Thursday marked the most robust call-to-action yet against the Chinese Communist Party.
* It’s a unique moment because the United States since its rise to global power has never confronted such a potent peer competitor across so many realms: political, economic, technological, military and even societal.
* It is also new because the U.S. and China, after four decades of wishful collaboration, are now locked in a contest that could define our times.
We’ve never been here before.
The escalating confrontation between the United States and China is so perilous because the world’s two largest economies – and the two defining countries of their times – are navigating uncharted terrain.
Secretary of State Mike Pompeo’s landmark speech at the Nixon library on Thursday marked the most robust call-to-action yet against the Chinese Communist Party. It came amid tit-for-tat consular shutdowns in Houston and Chengdu, and the Friday arrest by the FBI of an alleged Chinese military operative in San Francisco.
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