Are we drifting towards a new cold war?

Following the Chinese spy balloon saga, relations between the U.S. and China are at an all-time low

 
The Chinese spy balloon saga is continuing to widen.

The device, which was about 200 feet tall, was shot down by a fighter jet over the South Carolina coast.

Now, U.S. officials believe it is part of a wider fleet spanning five continents as Secretary of State Antony Blinken warns America was not the only target.

Washington says the suspected surveillance project was being operated from China’s coastal Hainan province and observed numerous countries including Japan, India, Vietnam, Taiwan and the Philippines.

So, as distrust grows between two of the world’s greatest powers, are we drifting towards another cold war?

For more, Ticker’s William Howard was joined by Chinese affairs commentator David Zhang. #trending #featured