China and the US risk entering a 'new cold war' as trade and investment ties strain, IMF official says

China and the US risk entering a 'new cold war' as trade and investment ties strain, IMF official says

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US President Joe Biden (R) and China's President Xi Jinping (L) meet on the sidelines of the G20 Summit in Nusa Dua on the Indonesian resort island of Bali on November 14, 2022. SAUL LOEB/AFP via Getty Images The US and China risk a "new cold war" if the two countries drift further apart, an IMF…

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