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News Analysis
For decades, Washington bet that trade and technology would bind China into a more open, rules-based order. Instead, the world’s two largest powers now clash in nearly every domain—chips and AI, supply chains and technical standards, cyberspace and outer space, ideology and influence—reshaping alliances and the global economy in the process.
Analysts call it a “Cold-War-style contest” with one pivotal twist: The two rivals remain tightly bound by trade and finance. Rather than severing those ties outright, each side is racing to rewire them….