Blog
I believe the most important thing Americans must do is to secure their economic well-being in an increasingly challenging, complex world. What I have written about all these years is the process of creating wealth, not for any one individual, but for the United States as a whole. Ever since I was a young correspondent witnessing the emergence of China after the country opened in 1979, I’ve believed we have to get more serious about creating wealth. I retain faith in the resiliency of the U.S. economy and the enterprise of American people. If Americans have the right strategies, we can once again create widespread wealth. Come with me on this journey.
My take on the Xi-Biden Meeting–Just Buying Time
November 15, 2022
Having covered Chinese leaders since the days of Deng Xiaoping, the line of analysis I find most interesting about the meeting in Bali is that Xi Jinping wanted to buy a little more time in China’s relations with the United States. Nothing has changed in his ideology or his ambitions–he is still an authoritarian dictator […]
The Greatest Industrial Policy Experiment in History–How to Make it Work
October 31, 2022
It’s gradually sinking in that the Biden Administration has launched perhaps the greatest industrial policy experiment in history–stopping China from assuming technological leadership over the United States and the rest of the world. The two major thrusts are (1) sweeping, coordinated restrictions on the sale of semiconductors and chip-making equipment to China and (2) massive […]
The financial and business takeaways from Xi’s 20th Communist Party Congress
October 26, 2022
As the dust settles from this big meeting, there are two major takeaways for the American financial and business audience. First, the idea that one can invest money in a Chinese entity, expect that it will conform to generally accepted accounting principles, and return profits to its investors is pretty much gone. Every Chinese company […]
Xi Jinping Is Way More Powerful than Mao Ever Was
October 23, 2022
Reading the flood of commentary about the major Communist Party gathering in Beijing, I keep seeing the point being made by highly intelligent analysts that Xi Jinping is now China’s most powerful leader since Mao Tse-tung (Mao Zedong), who died in 1976. But I’d argue that Xi has far surpassed Mao and indeed any Chinese […]
Please pre-order this exciting new book!
October 19, 2022
Amazon link here. The pre-orders really matter: they will shape the publisher’s decisions about when to publish and how many books to print, plus how much money to set aside for promotion. We hope to persuade Prometheus to publish before June 2023. That’s an eternity! Battlefield Cyber: How China and Russia are Undermining Our Democracy […]
Biden’s Incredibly Aggressive Moves Against Chinese Tech Gains
October 15, 2022
It appears that the combination of the CHIPS & Science Act, the sweeping crackdown on semiconductor and chip-making equipment sales, and the National Security Strategy represents the most forceful effort by any American administration to counter China’s growing global, technological projection of power. This is a far more aggressive and strategic effort than President Trump’s […]
