Steps Toward Central-Local Fiscal Reform; Beijing Overhauling Ministry of Foreign Affairs To Better Capitalize On Global Opportunities?; Lobbying Weakens CFIUS Reform; Pankaj Mishra Declares The End of The "China Fantasy" and the "Free Trade Myth"

Good Morning. I plan to take a personal day Monday as we have movers coming that day. I will try to get a newsletter out Sunday evening but that depends on how the packing goes. Things should be back to normal Tuesday. Thanks for your patience.

The Essential Eight

1. Steps Toward Central-Local Fiscal Reform

China to clarify fiscal power of central and loca…

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