China Builds an Economic Fortress as Global Tensions Rise - The New York Times
Beijing says the changes are needed for national security, but they could complicate efforts by Chinese companies to find growth overseas.
China is erecting walls to prevent money, technology and companies from leaving the country.
This week, the State Council, China’s cabinet, announced new rules requiring national security screening for Chinese companies seeking to invest overseas. The move follows regulations introduced in April that allowed the authorities to intervene when foreign companies tried to relocate supply chains out of China.
Taken together, the measures amount to a new blueprint for the economic fortress China is building around its technology and supply chains amid rising tensions with Europe and the United States.
What To Know as China’s Xi Jinping Heads to North Korea - The New York Times
As Xi Jinping visits Pyongyang, he faces an emboldened North Korean dictator, whose alliance with Russia has reduced his dependence on China.
The last time China’s top leader, Xi Jinping, traveled to North Korea, that country’s dictator, Kim Jong-un, was reeling from sanctions and failed nuclear talks with the United States.
Now, nearly seven years later, as Mr. Xi returns to North Korea on Monday, he will meet with a leader who is newly emboldened by an alliance with Russia that has helped his economy break out of isolation.
China Sees a ‘Giant With a Limp’ as U.S. Drains Weapons on Iran War - The New York Times
To some Chinese military and geopolitical analysts, the Iran war has done more than deplete U.S. munitions stockpiles, it has also shattered America’s aura of dominance. They argue that it has exposed a major flaw in U.S. war strategy: its inability to make weapons quickly enough to replenish its arsenal in a sustained, intense conflict.
This depletion “has significantly diminished the U.S. military’s ability to project its combat power, laying bare the shortcomings of its global military hegemony,” said Yue Gang, a retired colonel of the People’s Liberation Army, in an interview.
