Op-Ed: Xi's move on Hong Kong is just one piece of a larger strategy, including digital currency, to solidify rule and expand reach
"U.S. policymakers are unprepared for the consequences," Kumar and Rosenbach write. In general, digital currencies weaken the power of U.S. sanctions and the ability of U.S. officials to track illicit financial flows. More specifically, a digital yuan combined with China's advanced electronic payment systems may provide a more effective platform for future influence than a fleet of aircraft carriers.
Hu Xinjin, editor of the state-controlled Global Times and regarded as an unofficial government spokesman, tweeted his response to President Trump's claim that China wanted former Vice President Joe Biden to defeat him., "Chinese netizens wish for your reelection because you can make America eccentric and thus hateful for the world. You help promote unity in China and you also make intl news as fun as comedy.
That said, America's greatest weakness is its "Pogo problem," referring to the often-repeated phrase from the Walt Kelly cartoon character of the 1960s, who said, "We have met the enemy and he is us." Hard as it is to think and act for the long term in an election year, that's precisely what the United States must do..
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