Workers unload bags of chemicals at a port in eastern Jiangsu province. Trade talks between China and the US have stalled in recent weeks. Photo: AFP

China and America could be heading for a new cold war, Stephen Roach warns

Veteran economist says neither side has an exit strategy in trade dispute, and it could turn into ‘protracted, bitter battle’

Topic |   US-China trade war

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Workers unload bags of chemicals at a port in eastern Jiangsu province. Trade talks between China and the US have stalled in recent weeks. Photo: AFP
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