"Like the Romans, we have become an empire, committed to fight for scores of nations, with troops on every continent, and forces in combat operations of which the American people are only vaguely aware. As in all empires, power is passing to the generals. And what causes the greatest angst today in the imperial city? Fear that a four-page memo worked up in the House Judiciary Committee may discredit Robert Mueller's investigation of Russia-gate."
"Trump national security officials are considering an unprecedented federal takeover of a portion of the nation’s mobile network to guard against China, according to sensitive documents obtained by Axios. In the memo, the Trump administration likens it to 'the 21st century equivalent of the Eisenhower National Highway System' and says it would create a 'new paradigm' for the wireless industry by the end of Trump's current term."
"From the United States’ point of view, the National Security Strategy document highlighted how China and Russia are trying to shape a new geopolitical environment in the region, which contrasts sharply from Washington’s aims and interests. It pointed out that while Russia is trying to advance its position as the leading political and military power broker, China is pushing ahead with a 'win, win' economic policy."
"The strategy, the first such document to be issued by the Pentagon in roughly a decade, represented an historic shift from the ostensible justification for US global militarism for nearly two decades: the so-called war on terrorism. 'Great power competition—not terrorism—is now the primary focus of US national security,' Mattis said in his speech, which accompanied the release of an 11-page declassified document outlining the National Defense Strategy in broad terms. A lengthier classified version was submitted to the US Congress, which includes the Pentagon’s detailed proposals for a massive increase in military spending."
"China’s financial regulator has vowed to rescue the Chinese banking system immediately to avert a banking crisis when the bubble bursts, issuing a blanket guarantee that no major institution will be allowed to fail. Beijing says it has studied the errors that led to the Lehman crisis in the 2008 and will not allow a chain reaction to occur, even if this means paying a price in terms of lost economic growth and dynamism."
"In just one extraordinary year, Trump has destabilized the delicate duality that has long been the foundation for U.S. foreign policy: favoring war over diplomacy, the Pentagon over the State Department, and narrow national interest over international leadership. But in a globalizing world interconnected by trade, the Internet, and the rapid proliferation of nuclear-armed missiles, walls won’t work. There can be no Fortress America."
"China’s market for reliable wealth management products is expected to explode in coming years, through the sales of funds and banking products, and traditional finance houses are now being seriously challenged in the market by emerging internet financial companies. Tencent has already teamed up with Howbuy, an online distributor of mutual funds, and a number of fund houses to line up nearly 100 mutual funds products via WeChat."
"Its tech giants hold three drawcards: faster growth in salaries, opportunity and a sense of home. China’s internet space is enjoying bubbly times, with compensation sometimes exceeding American peers’. One startup was said to have hired an AI engineer for cash and shares worth as much as $30 million over four years."
"A day after the U.S. leader slammed Islamabad for harboring terrorists in a New Year's Day tweet, Pakistan's central bank announced that it will be replacing the dollar with the yuan for bilateral trade and investment with Beijing. With a steady stream of Chinese capital under its belt, Pakistan may no longer be receptive to American threats, the most recent of which involves Washington cutting off security assistance."
"The New York Times reported that China will temporarily allow foreign companies to not pay tax on their earnings. The exemption will 'promote the growth of foreign investment, improve the quality of foreign investment and encourage overseas investors to continuously expand their investment in China,' China’s Finance Ministry said in a statement Thursday. However, those companies must invest those earnings from the exemption in areas being promoted by the Chinese government, like technology and mining. The exemption is retroactive to Jan. 1, 2017."