US, China Tensions can Bifurcate the World
Image Credits: https://eurasiantimes.com/us-china-war-tensions-rises-in-china-after-us-deployed-three-aircraft-carriers/
ISLAMABAD, July 30 (Online Int’l): Leader of the business community and former President ICCI Shahid Rasheed Butt on Thursday said tensions between the US and China can bifurcate the global trading, financial and political systems.
The trade tensions between the two economic powers have developed into diplomatic strains and it can become military confrontation, he said. Shahid Rasheed Butt said that the breakup of two economic powers will be a test for many countries including Pakistan as it will be asked to choose one or annoy both. Our foreign policy has looked to balance the country’s relationship with the United States and China for decades but it may not work in the future for which policymakers should initiate preparations.
He said that increasing tensions could split the world into two blocks and initiate a new cold war that will have serious repercussions on the political, social and economic system of Pakistan and many other nations.
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