Special Edition: A New Cold War? Tensions Rise Between US & China

GZERO World with Ian Bremmer

GZERO Media

International Relations, Government, Foreign Policy, Gzero World, News Commentary, Trump, News, Global Economy, Geopolitics, Politics, Ian Bremmer

4.6 • 684 Ratings

🗓️ 8 October 2020

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

As global competition and a ratcheting pandemic blame game erode diplomatic relations between the US and China, GZERO Media and Citi Private Bank are taking a look at what that growing schism means for the economy, consumers, and the world order. In geopolitical circles it’s known as “decoupling,” a move toward a creation of separate systems for the US and China, particularly when it comes to technology. It’s the biggest global shift since the fall of the Berlin Wall, and has wide-ranging implications that could leave other nations stuck in the middle--or forced to choose sides. Moderated by Caitlin Dean, Eurasia Group's Head of Financial & Professional Services, this program pairs leading political scientist Ian Bremmer with Citi Private Bank's Chief Investment Officer David Bailin in discussion about one of the greatest risks—and opportunities—of the 21st Century.

Transcript

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0:00.0	We have very different systems, the United States and China, but we actually have a great deal of
0:05.3	interdependence so that we know that the only thing that would be worse than China's succeeding
0:11.0	would be China failing. As we see decoupling take place, we're seeing markets that are literally
0:16.8	bifurcating. There'll be an East and a West market for certain goods and services. There'll be
0:22.0	competition between the East and the West, the U.S. and China, and its allies in both cases,
0:27.6	that'll take place.
0:36.7	Welcome to Living Beyond Borders, the podcast from City Private Bank and G0 Media that examines the risks and opportunities in our rapidly changing world, from global politics to economics and what it all means for you.
0:50.5	I'm Caitlin Dean, head of the financial and Professional Services Practice at Eurasia Group.
0:56.2	And odds are, either you or your kids have heard some of these before.
1:00.4	How to get any girl's attention at a party. Quick glance, smile, look at a friend, take a drink, look away, and bring them back.
1:08.4	Okay, I'm bored in the house, and I'm in a house, bored.
1:11.0	I'm bored in a house, and I'm in a house, boy. I'm bored in a house and I'm in a house board.
1:13.2	Chicken ring, chicken ring, hot dog and baloney.
1:16.7	Chicken and macaroni.
1:18.4	Kill it with my home.
1:19.8	Those are videos that have gone viral on TikTok,
1:22.7	the China-based social media platform that allows users to make and share short videos.
1:29.3	As it turns out, TikTok became a big geopolitical flashpoint this year. Back in August, President Trump issued an executive
1:35.2	order demanding that TikTok's parent company, Bite Dance, sell off its U.S. operation. He cited security
1:41.4	concerns over the company sharing data with the Chinese government.
1:46.0	TikTok is just the tip of the iceberg for the issue we're going to talk about today.
1:51.0	Have you heard of Didi? That's a ride-sharing service like Uber.
	...

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