This is funny, but it could happen in near future. However I dont agree with the idea Russia + China vs USA + EU. That made me laugh so hard xD
The Cold War is the war between communist and anti communist (say, imperialist) countries, Soviet and the States acted like supporters, the results notably are the Vietnam, Korea and Afghanistan War (in 1979).
The New Cold War could possibly lead to WW3
With the collapse of the Soviet Union in 1990s there is no Cold War anymore. I dont understand what is the "New" Cold War. Plus, now Russia is NOT communist anymore. I dont think Russia and China will make a good axis
) Remember the conflict between Russian and Chinese, which is known as Sino-Soviet split lasted from 1950s to 1980s . Everything can change. Actually China is quite an aggressive guy, look up the China India war 1962, China Vietnam war 1979.. I think China will start the WW3 with some countries by some ridiculous territory problems. Probably North Korea. xD
About the participants..I support the idea EU will split up the "tight" connection with the American. The States, Russia, China, India, Middle East will be the main battlefields, but not sure who will ally who.. xD Hey, you guys forget Australia, African and south American countries? They are all potential to big battles lol