This special episode of the ChinaPower podcast is the first of five featuring the audio from the China Power Project’s fifth annual conference, which comprised five live online debates. The first debate took place on November 19 and featured two experts debating the following proposition: The US-China relationship can best be described as a “new Cold War.”Over the last several years, relations between the United States and China have grown increasingly tense. Both the United States and China have expelled journalists and closed consulates amid heightened trade tensions and rancor about responsibility for Covid-19. Some experts believe Beijing is seeking to export its development model and that US-China competition has spread to the ideological realm. Other experts disagree, arguing that the Chinese Communist Party is more focused on defending against threats to its rule at home.Hal Brands, Henry A. Kissinger Distinguished Professor of Global Affairs at the Johns Hopkins School of Advanced International Studies (SAIS), argued that the US-China relationship can best be described as a “new Cold War.” Melvyn Leffler, Edward Stettinius Professor of History Emeritus at the University of Virginia, argued that the US-China relationship cannot be described as a “new Cold War.”This event was made possible by generous support of the Carnegie Corporation of New York.