Review and Outlook: A joint naval patrol near the Aleutian islands is a warning and a test for the U.S.
Images: Zuma Press/Alaska Volcano Observatory/Associated Press Composite: Mark KellyIt’s economic payback time in China.
The bill is coming due for excesses resulting from Beijing’s rejection of free enterprise in favor of communist ideals.
Xi Jinping has been a powerful dictator, but his stewardship of China’s economy has been awful, proving again that government leaders who allocate resources without regard to markets create economic dysfunction.
China’s overreliance on real estate and debt will take years to unwind.
Persons:
Mark Kelly It’s, Xi Jinping
Organizations:
Zuma Press, Associated
Locations:
Alaska, China