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    A curated selection of essential analysis of the most important news stories, plus the latest Big Picture topical collection, delivered to your inbox every Thursday.

  1. op_magnus1_WANG ZHAOAFP via Getty Images_cpc WANG ZHAOAFP via Getty Images
    Subscriber Exclusive

    China's Journey into the Unknown

    George Magnus

    Following the Chinese government’s sweeping corporate crackdown this year, three recent books on the country’s governance model have become especially timely. Each suggests that Chinese President Xi Jinping will have to navigate fundamental contradictions in his quest for “common prosperity.”

     reviews three books examining the increasingly obvious flaws in the country’s governance model.
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  6. container stack Jim Watson/AFP via Getty Images
    Subscriber Exclusive

    Supply-Shock Therapy

    Even if today’s fears of a global production meltdown prove to be exaggerated, COVID-19 has exposed the myriad vulnerabilities of cross-border value chains. The key issue, beyond the immediate priority of easing input shortages, is whether firms will need state help to protect themselves against future supply disruptions.

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