Ben Geman
Chinese leader Xi Jinping and Russia's Vladimir Putin are strategizing how to reposition themselves for a new, more powerful future amid a rapid deterioration of the U.S.-led global order. What we're hearing: Xi and Putin, meeting Friday in Beijing and again yesterday in the city of Qingdao, don't appear to think they have the cachet — even combined — to create an entirely new system. Nor is it clear that at the moment they would want to trash the U.S.-led institutions that have anchored the global economy and political order since World War II.
Chinese leader Xi Jinping and Russia's Vladimir Putin are strategizing how to reposition themselves for a new, more powerful future amid a rapid deterioration of the U.S.-led global order. What we're hearing: Xi and Putin, meeting Friday in Beijing and again yesterday in the city of Qingdao, don't appear to think they have the cachet — even combined — to create an entirely new system. Nor is it clear that at the moment they would want to trash the U.S.-led institutions that have anchored the global economy and political order since World War II.
China-based electric vehicle startup Byton announced that it has closed a $500 million fundraising round and that investors include the major Chinese battery maker Contemporary Amperex Technology (CATL).
What's happening: Byton introduced an electric SUV concept early this year and plans to begin mass production in 2019. The company is also planning other vehicles.
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