This is a golden opportunity to seize for India, Vietnam, and the many other countries that are now offering themselves as alternatives. Not that Vietnam is any less communist or more respectful of freedom than Beijing, but it keeps a good distance from China and enjoys good relations with Washington.

As in the days of the first Cold War, the one with the USSR, the West is less careful with our allies than with our adversaries. Vietnamese communism, or the worrying Hindu nationalism of Narendra Modi in India, do not stand in the way of doing business with the blessing of Washington. It is cynical but hardly surprising.

Still, we are witnessing a major turning point in globalizat
— Read on worldcrunch.com/business-finance/globalization-china-trade-cold-war