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Japan’s Loss, China’s Gain

China spends with the intent to transform itself; Japan spends so it can resist change. A shift in existing trans-Pacific ties is ahead and how things play out is largely up to corporate America.
They’re at it again, but this time with far greater coordination than ever before. Governments around the world are determined to stamp out the last shreds of privacy. Moreover, they’re increasingly acting in concert, forging treaties and sharing information. Some initiatives target the few remaining ways of holding cash, others the internet. Let’s hope they fail.