China Rules Solar Energy, but Its Industry at Home Is in Trouble

China Rules Solar Energy, but Its Industry at Home Is in Trouble

The solar sector shows how China conducts industrial policy: It chooses industries to dominate, floods them with loans and lets companies fight it out.
How US Chips Continue to End Up in Russian Missiles

How US Chips Continue to End Up in Russian Missiles

Defying sanctions, Russia has obtained nearly $4 billion in restricted chips since the war began in Ukraine. Many were shipped through a cluster of shell companies in Hong Kong.