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If there is a new Cold War environment, its shaping up to be the "Five Eyes" + certain partnered countries, against China, rather than specifically all of Europe (with many countries not on board). The old Atlantic centric view of the first Cold War against the USSR doesn't fit.
It's not so much China vs. the entire west as it is China vs. The Anglosphere and certain countries who follow suit with it. It's a completely different strategic, economic and political environment. Again historical comparisons to the one with the Soviet Union don't fit.
Led by the U.S, it's the Anglosphere who are driving the anti-Huawei push, and it's the Anglosphere who are most engaged in the Hong Kong issue. The European Union has not made any anti-China initiatives as this new environment has unfolded.
In assessing the broader strategic environment, China should realize squarely now that whilst countries such as Germany and France may have value led expectations of Beijing, these countries are not actually enemies in the way the US, Australia have positioned themselves, etc
China's biggest objective should be to ensure no more bridges with Europe are burnt, to offer the European Union more concessions, leighway and dialogue and ultimately ensure Pompeo's "transatlantic awakening" does not succeed in pulling them over.
The anti-China coalition emerging is as follows: -U.S, Canada, New Zealand (reluctantly), Australia, UK (reluctantly) -India (strategically tilting) -Japan -Taiwan
Given this, it's also worth noting that the U.S side is far smaller and in relative power terms, also far weaker than the first Cold War. The ability of Washington to decipher to this has added to some miscalculations.
Whilst the cold war is not ongoing on clear cut ideological terms, the size of a potential "China bloc" or "sphere of influence" is already be far, far bigger than the Soviet one. These votes at the United Nations ought to serve as a warning to the Anglosphere.
Germany, Italy, France and Spain are not joining..
The world economy will determine which way the wind http://blow.US has abt 106% debt to GDP ratios while Japan has 260 %. Japan’s throat is held by US all the time while it’s economy closely intertwined with China.Recession will do great damages to US and Japan.
US and Japan have to print more money to pay its debt provided other are willing to share their burden.
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