Despite Sino-American cooperation on the fentanyl crisis, new incentives are making Chinese money laundering operations stronger.
Illustration by Ellie Foreman-Peck
Janet Yellen’s April trip to China was, somehow, even more resounding a success than her first, the previous July, when Chinese netizens marveled at her choice to eat a rare and sometimes-hallucinogenic Yunnanese mushroom. This time around, the Treasury Secretary was praised for her chopstick mastery and modest style, which, observers pointed out, stood in stark contrast to Chinese officials’ flashy suits and entourages of umbrella-wielding apparatchiks.
Source: @SecYellen via X
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European democracies, threatened by Vladimir Putin’s war on Ukraine and Donald Trump’s designs on Greenland, are embarking on historic changes in their defense posture. But China’s grip on the supply of tungsten, gallium and other vital raw materials threatens their plans.
The former official in both of the president’s terms discusses why Trump has become less hawkish on China, and his sudden departure from the administration last year.
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