2025 Issue 8

The economist Brad Setser describes how Xi Jinping’s economic mistakes are harming the rest of the world and Hoover Visiting Fellow Matt Turpin describes the perspectives of the incoming Trump Administration towards trade and its rivalry with the PRC.

An investigative journalism piece in the Wall Street Journal reveals how money laundering in the PRC is fueling the fentanyl crisis in the United States.

Jonathan Czin at Brookings examines the purge of Admiral Miao Hua, the PLA’s chief political commissar.

Foreign business, including Wall Street banks, are souring on business opportunities in the PRC, which is increasing the headaches for Xi and the Chinese Communist Party.