Russia’s ongoing military buildup along its border with Ukraine has cast into sharp relief the debate about how the United States, and its allies, can most effectively ensure security in the no man’s land lying beyond NATO’s eastern perimeter. Meanwhile, China’s mounting campaign of military pressure and intimidation against Taiwan is leading some observers to question the strength of U.S. commitments to the island. Though coordination between Russia and China on these efforts is likely limited at best, their attempts to bully Ukraine and Taiwan raise a common dilemma for Washington, one liable to become more pronounced and widespread in [...]
There are any number of ways to measure one of the great secular transformations of our time: the decline of the United States’ power relative not only to a rising rival like China, but to the rest of the world generally. From 1960 to the present, the American share of global economic output has declined from 40 percent to less than a quarter in recent years. And compared even to the fairly recent past, say during the presidency of Barack Obama, the influence and prestige of the American political model has withered under the corrosive effects of Trumpism as well as [...]
Nearly a year since Chinese authorities brought the Ant Group’s initial public offering, or IPO, to a halt, the domestic tech industry is still reeling from a relentless crackdown that has since broadened to include other sectors of the economy. In its latest reshuffling, the Alibaba Group replaced its chief financial officer and reorganized its sales team. The decision is part of the tech giant’s continuing restructuring efforts to make the company “more agile” by devolving power to the leaders of each business line. Elsewhere, ride-hailing giant Didi announced its plan to back out of the New York Stock Exchange and aim for a [...]
