Valdai Club

Biden’s multilateralism does not refer to participation in a collective security organisation such as the United Nations; it is a euphemism, describing the perseverance of the Cold War-era NATO military alliance in contemporary times. Its lack of confidence in its own strength and development renders it unable to respond to external competition in a normal way, which is the vital mechanism in promoting digital agreements, writes Shen Yi, Director of the Cyberspace International Governance Research Institute, Fudan University.

The decoupling strategy driven by the “security” of the United States is still restricted by structural factors. There are still significant doubts as to how far it can last: since the end of the Cold War, China and the United States have been in high-tech relationship between various fields. The industrial chain formed by China and the United States in the high-tech field is beneficial to both China and the United States, writes Professor Shen Yi, Director of the International Institution of Cyberspace Governance at Fudan University.