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07/31/2020 Source:  Forbes
Author: Kenneth Rapoza 1 min read

China Facing Strategy of Containment in New Cold War

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China Facing Strategy of Containment in New Cold War
The Hapag-Lloyd AG Leverkusen Express sails out of the Yangshan Deepwater Port, operated by Shanghai International Port Group Co. (SIPG), in this aerial photograph taken in Shanghai, China. Photographer: Qilai Shen/Bloomberg © 2019 BLOOMBERG FINANCE LP

Investing in China? It looks good now, but just wait. If yesterday’s Senate subcommittee on security hearing on China is any indicator, there is bipartisan support for a Cold War style strategy of containment against China. And that includes something like a new NATO, suggested by the Brits, called the G-10.

Senator Richard Blumenthal (D-CT) announced Thursday that he and Senator Josh Hawley (R-MO) — hardly ideological bedfellows — wrote to the Assistant Attorney General to open an investigation into TikTok owner ByteDance and Zoom.

This untelevised hearing stood in stark contrast to the Senate Foreign Relations Committee hearing where California Democrat Diane Feinstein praised China. No one praised it from the Security Subcommittee.

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