We're talking debt traps, cold wars, bulls and bears.

Ai Weiwei's new memoir and Microsoft's China calculus.

A closer look at Wuhan, Xinjiang and the many local governments struggling to make ends meet.

Ray Dalio, Jack Ma, and investing during the era of crackdowns.

Xu Jiayin, Evergrande and China's changing political economy.

And China's place in it.

How things got to such a dramatic turning point.

Plus, Hong Kong's future and Italy's drone drama.

Plus, bobbing billionaires, China's new sci-fi, and the NGO no-go.

Plus, a closer look at Jack Ma's private equity firm.

Plus, supply chains, Taiwan, and AI.

Plus, book recommendations for the dog days of summer.