Renowned economist Stephen Roach (Yale University) was chairman of Morgan Stanley Asia
Economist Stephen S. Roach sees the recent joint statement by Russian President Vladimir Putin and China's leader Xi Jinping as a historic turning point toward a new Cold War. In part, he sees historical parallels: 50 years ago, the US and China approached each other and isolated the former Soviet Union. Today, China wants to exclude the US through a triangular maneuver.
History’s turning points are rarely evident with great clarity. But the February 4 joint statement of Russian President Vladimir Putin and Chinese President Xi Jinping as the Winter Olympics opened in Beijing may be an exception – signaling a new turning point in a new Cold War.
