'Military build-ups & Cold War loom as Pacific strain swells' (VIDEO)

With a week-long transition of power now at an end, China will be led by a new political face for the next 10 years. Xi Jinping was anointed the Communist Party's leader, responsible for the stewardship of the world's second-largest economy. Journalist Eric Margolis believes the further rise of China may mark the beginning of a new cold war.