People's Liberation Army Major General Zhu Chenghu's (
It is a standard tactic in both China and Taiwan to have someone make a statement about some controversial policy in a way that it remains plausibly deniable for the government yet gets the information into the public domain.
Yet it is difficult to imagine exactly why the Chinese government might want to confront the US in such a way at this moment. The "Anti-Secession" Law, with its explicit threat against an independent Taiwan, has already given impetus to a rethink of US defense policy regarding China, and has done much to resolve the murky ambiguity surrounding US reaction to China's military buildup toward strategic clarity. When US Defense Secretary Donald Rumsfeld asks just why and for what purpose China is beefing up its armed forces when it faces no external threat, we can see that the days when China was viewed through Clintonian rose-colored spectacles have clearly passed.
Taiwan apart, one of the main causes of tension between the US and China is the question of energy security. US hopes of keeping oil plentiful and cheap have not only been frustrated by the Iraq debacle but also by the soaring demand for oil in China's economy. This is why the bid for US-owned Unocal by China's CNOOC is so controversial. After Zhu's remarks, it's hard to see the US being relaxed enough to let the takeover go ahead. Add to that the fact that a major US defense review is being conducted in which China is likely to figure large, and now even larger, and there are a number or reasons why Beijing might have preferred that Zhu kept his mouth shut.
And yet whatever denials Beijing utters should be taken with a grain of salt. It is important to remember that Zhu is the dean of China's National Defense University. Beijing might say that his remarks do not represent official policy, but they certainly represent thinking at the highest levels of the People's Liberation Army. This is very worrying, because it backs up what other sources have been saying for a while about the PLA: That it is the preserve of gung-ho fantasists who think they can take on the US and win.
Readers might look askance at Zhu's remarks about "losing all cities east of Xian," which sounds more like Doctor Strangelove's General Ripper than sober strategic analysis. Let us not even speculate how people in those cities might feel about being expendable, since the views of the Chinese people are unimportant in Beijing's calculations. Let us just note that this kind of irresponsibility at this level is exactly the attitude that will lead to war. It is simply another part of the primitive psychopathology of the Chinese; they have yet to enter the modern world. Like medieval princelings, they think war is glorious, and to hell with the consequences for ordinary people.
The conflict in the Middle East has been disrupting financial markets, raising concerns about rising inflationary pressures and global economic growth. One market that some investors are particularly worried about has not been heavily covered in the news: the private credit market. Even before the joint US-Israeli attacks on Iran on Feb. 28, global capital markets had faced growing structural pressure — the deteriorating funding conditions in the private credit market. The private credit market is where companies borrow funds directly from nonbank financial institutions such as asset management companies, insurance companies and private lending platforms. Its popularity has risen since
The Donald Trump administration’s approach to China broadly, and to cross-Strait relations in particular, remains a conundrum. The 2025 US National Security Strategy prioritized the defense of Taiwan in a way that surprised some observers of the Trump administration: “Deterring a conflict over Taiwan, ideally by preserving military overmatch, is a priority.” Two months later, Taiwan went entirely unmentioned in the US National Defense Strategy, as did military overmatch vis-a-vis China, giving renewed cause for concern. How to interpret these varying statements remains an open question. In both documents, the Indo-Pacific is listed as a second priority behind homeland defense and
Every analyst watching Iran’s succession crisis is asking who would replace supreme leader Ayatollah Ali Khamenei. Yet, the real question is whether China has learned enough from the Persian Gulf to survive a war over Taiwan. Beijing purchases roughly 90 percent of Iran’s exported crude — some 1.61 million barrels per day last year — and holds a US$400 billion, 25-year cooperation agreement binding it to Tehran’s stability. However, this is not simply the story of a patron protecting an investment. China has spent years engineering a sanctions-evasion architecture that was never really about Iran — it was about Taiwan. The
After “Operation Absolute Resolve” to capture former Venezuelan president Nicolas Maduro, the US joined Israel on Saturday last week in launching “Operation Epic Fury” to remove Iranian supreme leader Ayatollah Ali Khamenei and his theocratic regime leadership team. The two blitzes are widely believed to be a prelude to US President Donald Trump changing the geopolitical landscape in the Indo-Pacific region, targeting China’s rise. In the National Security Strategic report released in December last year, the Trump administration made it clear that the US would focus on “restoring American pre-eminence in the Western hemisphere,” and “competing with China economically and militarily