The phrase "a global rival" is correct and usable in written English.
It can be used to describe a competitor or adversary that operates on an international scale.
Example: "In the current economic climate, many companies are vying to establish themselves as a global rival in the tech industry."
Alternatives: "an international competitor" or "a worldwide adversary".
Instead of trying to buy a global rival, ICBC has taken a minority stake in Africa's largest bank.
China also is an increasingly critical American trading partner and a global rival in influence and economic power.
He hopes to market the race heavily and to make it a global rival to the Tour de France.
The United States no longer has a global rival that can threaten it by exploiting local conflicts.
At the same time, the report said that for the foreseeable future, China would not follow the former Soviet Union in becoming a global rival to the United States.
China's economic reforms were resulting in cheaper imports and new markets for the US, but before the spurt of growth that has since catapulted China into a global rival.
But it could also create a third powerful global rival to Delta and United that could spur more competition on some domestic and international routes.
Talks with commercial partners suggest its scope would go beyond BBC programmes, however, creating a UK-based global rival to take on House of Cards broadcaster Netflix and Amazon Prime, which will air The Grand Tour, the new motoring show with former Top Gear presenters Jeremy Clarkson, James May and Richard Hammond, later this year.
Russia was America's global rival and an established nuclear power.
In 2000, Ford and Exxon Mobil's global rival, BP, gave $20 million to Princeton to start a similar climate and energy research program.
It recommends that the United States "preclude the rise of another global rival for the indefinite future".
