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Don’t fear China’s industrial juggernaut

Washington is working up a sweat over China’s industrial policies. There are fears Beijing will build technology companies and advanced manufacturers capable of squashing American rivals by lavishing aid on favoured sectors. Many of the tariffs the US plans to impose are aimed at products generated by this state-led agenda, most of it under the “Made in China 2025” program. ...

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US companies are bringing cash home

For all the flaws of the tax reform that Congress passed back in December, there’s one area where it appears to be working: Getting US companies to bring back the enormous piles of money they have stashed abroad. Now the question is what they will do with it. Before 2018, the US government taxed companies’ foreign earnings in a highly ...

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