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It's a reference to US political policy: the USSR was an enemy, and therefore everything associated with anything under a red flag[0] is evil.

[0]: https://en.wikipedia.org/wiki/Red_flag_(politics)

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Isn't the term `Red Scare` ? Strange that I get called out for mixing up names :)

Anyway, Guardian, Economist, etc, doesn't really make a difference. They all write the same subservient way about China anyway \__(:-/)__/

The term Yellow Peril was also around for a good half century in the West before it somehow disappeared. I guess they can't say it anymore.

Seriously, in what parallel universe do you toss The Economist and The Guardian in the same bucket. The only think they have in common is the article in the name

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