QOTD = Quote of the Day

Never before have a rising power [China] and the established hegemon [U.S]. been so economically intertwined….China holds at least $860bn in US public debt, representing 12 per cent of the foreign owned debt. Trade volume between the US and China measured just about $690bn in 2022 . . .The United States also remains the largest destination for outbound Chinese investment in 2022. – Oriana Skylar Mastro, Upstart: How China BecameA Great Power

Why’d you have to go and make things so complicated? – Avril Lavigne