The saying History repeats itself seems to be validated in the present scenario of international politics. The memory of a Cold War era is being resurrected in the twenty-first century. All these things become more visible in this pandemic period with clear cut fault lines drawn between the USA (the surviving superpower) and China (the emerging superpower). The suspicion about the role of China in the spreading ofthe Wuhan Virus (COVID-19) has brought closer the prospect ofthe new cold war. Recent belligerent attitudes of China support this assessment. Cold war power politics will resurface with Asia as the focal point. The concept of bi-polarity is taking shape again in world politics. Structures such as the D-10, G-7 extension, Quad grouping and Five Eyes networking bolster the bi-polarity.