2026 Issue 10

Despite the positive vibes coming out of the Two Sessions, the PRC’s economic situation is worsening because Xi Jinping refuses to permit meaningful economic reforms that would likely have important political implications that would reduce his power.  This refusal to deal with the country’s economic realities is landing hard on the country’s workers.

After nearly eight years of significant tariffs on the PRC, Apple has shifted 25% of their iPhone production out of the PRC and to India.

The Washington Post reports on Iranian ships leaving Chinese ports laden with chemicals to fuel rockets and missiles.