Even at the best of times, the calamities that afflict the United States tend to get magnified out of all proportion. He noted that the United States is uniquely vested with the powers of inspiration and intimidation, but that America had lapsed into a kind of limbo. Usefully, the ruling Communist Party of China makes no bones about it anymore. The new control rules also apply to nominally private Chinese corporations, vesting party committees with vetting authority in overseas investment decisions, foreign-exchange matters and dividend distribution. And the requirement to formally empower internal Communist Party committees is now being extended to foreign companies operating in China.

Source: National Post August 30, 2017 18:56 UTC