A recent spate of commentary has drawn the analogy between today’s regional conflicts and those of the 1930s that led to World War II, often as a cautionary tale for how to deal with contemporary international security dynamics. These analogies, however, misread the past, with potentially dangerous implications for the present.
Two recent controversies drew attention to the malaise and frustration regarding the state of soccer in China. But the travails of Chinese soccer are also helpful as a prism for understanding how Xi’s leadership style helps spawn corruption-fueled boom-bust cycles in the economy and the crackdowns that inevitably follow.
Over the past two decades, China became an increasingly powerful player in Latin America, displacing the U.S. as a top trading partner and strengthening its political influence in the region. But now, China’s growth has suddenly slowed, creating significant economic risks for Latin America—and opportunities for the United States.
A Hong Kong court ruled last week that the largest indebted property developer in the world, Evergrande, would be liquidated. The ruling opened up a slew of larger questions about the future of the Chinese economy, especially the relationships between the central government, local governments, the private sector and households.