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

• The US and China risk a "new cold war" if the two countries drift further apart, an IMF official said. 
• Shifting investment trends and strained trade could further divide the US and China, the official said.
• The official said it's in the best interests of both parties to support continued trade ties. 

China and the US risk entering a "new cold war" amid strained economic and trade ties, according to Gita Gopinath, the deputy managing director at the International Monetary Fund.