In which industry segments, where, will the strategic winners of this conflict be?
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The reception given to Chinese President Xi Jinping in Washington deserves more attention from America’s allies, particularly Europe and Germany. The unusually warm treatment of Xi, combined with the limited substantive breakthroughs at the summit, suggests that Washington may be…
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August 9 marks the anniversary of the Nagasaki bombing – the event that preceded Japan’s surrender in the Second World War and its postwar commitment to peace. Eighty-one years on, that commitment is fraying. Japan is pursuing full-scale defense modernization,…
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Brussels and Berlin keep tightening the rules on what European companies and consumers may buy from China. They call it de-risking. But there is a cost nobody prices in: Europe is walling itself off from the one country whose infrastructure…
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Beijing’s readout of last month’s Trump–Xi summit contained a phrase easy to miss and hard to overstate. The two leaders, Xi said, had agreed to build “a constructive China–US relationship of strategic stability” — a framework Beijing intends to treat…
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The story of Donald Trump’s summit in Beijing is, at its core, a story about big money. At Davos in January, after Wall Street’s senior figures helped persuade the president to shelve his Greenland annexation plan and smooth relations with…
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Beijing’s path to peaceful unification with Taiwan, long premised on dialogue with parties on the island, has reached a dead end. The Democratic Progressive Party openly seeks independence; the Kuomintang, despite its nominal opposition to that goal, defends a status…
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Having spent the better part of a decade in Mainland China first as the head of a top U.S. management consulting firm, and then leading a Western company, I made regular trips to Taipei in the early 2000s. I had…
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On 25 February, Xinhua News Agency reported that the General Office of the Central Committee of the Communist Party of China had issued a notice launching a party-wide campaign to promote a “correct view of political achievements”. Approved by the…
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From 2015 to 2025, Beijing’s most significant macroeconomic achievement was to break free from its long-standing reliance on the property market. Instead, policymakers turned to poverty alleviation, rural revitalisation, and export expansion in order to deflate the real estate bubble…
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During the Fourth Plenum of the 19th CPC Central Committee in Beijing, I spoke with senior policymakers, leading analysts, and business figures in Shanghai and Beijing about major domestic and global developments. A shared view emerged: the long-term health of…
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