A warmer winter. Chinese Vice President Wang Qishan participated in Bloomberg's New Economy Forum this week, which had moved to Singapore from its original location in Beijing. At the forum, Wang called for the US to "leave the Cold War mentality" and promised to push for a "mutually acceptable" solution to the trade war. In the same event, former Prime Minister and Veteran of Chinese-American Relationship Henry Kissinger advised the feuding nations to be honest about their "red lines" to avoid falling into a Thucydides trap. On Thursday in Beijing Kissinger met Xi to discuss the same problem. Caixin
Does it call a fund? Last month, the Australian state of Victoria signed a cooperation agreement with the Chinese ambassador to support the Belt and Road Initiative and became the only Australian state to do so. Prime Minister Scott Morrison has criticized the Victorian government's independent action as Australia has grown more and more with China. This year, Canberra has blocked Huawei from domestic infrastructure issues, passed a law targeting Chinese spies, and strengthened military ties with the Pacific. Now Canberra has launched a $ 2.8 billion fund to counter BRI, saying: "This is our update of the world". Reuters
The result of security. A national security agency official said that China has probably broken an Obama era covenant to reduce cyber espionage. The 2015 agreement has dramatically reduced the amount of cyber interference coming from China, but NSA's official Rob Joyce says China is clearly still "out of bounds" in the agreement. Yesterday Mike Pompeo and Jim Mattis met with their Chinese colleagues to hold talks on security and ended a meeting originally billed for October, which was canceled abruptly. Wall Street Journal
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