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Implementing Grand Strategy Toward China (CFR, 82 page read) Twenty-two policy prescriptions for the US to navigate the current phase of US-China relations. Domestic initiatives include limiting China’s IP theft and developing AI. On foreign policy includes shifting military resources to Asia and pushing China to accepting reciprocity (including on trade practices and market access).
The Case Against Huawei (Balding’s World, 5 min read) Huawei is owned by the Chinese Communist Party through a complex structure of Trade Union Committees, most of its senior employees have ties to the military or security services and there is clear evidence of data collection on individuals, firms, intellectual property – the list goes on. [Bearish Huawei]
China’s Ten-Year Struggle against U.S. Financial Power (The National Bureau of Asian Research, 10 mins read) Recaps China’s efforts to boost its financial power. Bilateral swap lines, renminbi promotion through the BRI and regional trade, interbank payments systems and use of its own super apps including payment systems. [Bearish dollar]