2025 Issue 33

After a Chinese Navy warship crashed with a Chinese Coast Guard cutter while chasing a Philippines Coast Guard vessel, tensions are increasing with the United States deploying two warships to the area around Philippine territory that the PRC falsely claims as its own.

After years of encouraging clients and other investors to plow their money into the PRC market, Ray Dalio’s Bridgewater, the world’s largest hedge fund, dumps all of its equities in the PRC and exits the market.

Europe permits the PRC to export goods directly from Xinjiang by air despite growing evidence that nearly all manufacturing in the province involves slave labor from ethnic minority Uyghurs.

Hoover fellow Matt Pottinger and Liza Tobin describe how the Trump Administration’s retreat on advanced semiconductor export controls is providing Chinese AI companies with a huge advantage.