Shanghai’s lockdown hits Apple. The company’s major suppliers in the region have suspended operations, bringing production to a halt. Three Chinese cities house more billionaires than New York. But China’s GDP per capita remains a small fraction of America’s. What’s behind it? Is Taiwan preparing for war? The island’s military released a handbook for its citizens, telling them what to do in case of a wartime emergency. Similar questions arise over military developments in China. Beijing’s latest economic
