At the beginning of the Biden presidency, many of us serving in the National Security Council gathered to read the intelligence and reached a key conclusion: The 2020s would be what we called the “decisive decade” in U.S. competition with China. Beijing seeks to displace the United States from its …
Read More »China Vows to Unleash More Borrowing to Spur Economy and Strengthen Banks
China’s powerful Ministry of Finance said on Saturday that it would borrow more to help cash-short localities and put more money in the hands of state-owned banks, an effort to address a severe slowdown in real estate and shore up crumbling consumer confidence. Lan Fo’an, the finance minister, did not …
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