Illustration: Robert Neubecker, Ella Apostoaie. Photo Credit: The White House
The world has changed. Over the past decade, we have witnessed a distinct shift toward a renewed competition between the great powers. The bipolar struggle between the U.S. and China is the new Great Game of the 21st century.
Because both sides have nuclear weapons, we can expect leaders in Washington and Beijing to be reluctant to engage in behavior that might raise the risk of actual war. And we can be thankful that at least one key lesson came out of the Cold War: that neither side c
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Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
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