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Chinese President Xi Jinping delivers a New Year speech on state television in Beijing. Photo: Xinhua via AP

Evan Osnos in The New Yorker, "Making China Great Again":

"China has embarked on history’s most expensive foreign infrastructure plan. Under the Belt and Road Initiative, it is building bridges, railways, and ports in Asia, Africa, and beyond."

"If the initiative’s cost reaches a trillion dollars, as predicted, it will be more than seven times that of the Marshall Plan, which the U.S. launched in 1947, spending a hundred and thirty billion, in today’s dollars, on rebuilding postwar Europe."

P.S. Edward Wong, in N.Y. Times Sunday Review, after a 10-year assignment in Beijing that ended last year:

"From trade to the internet, from higher education to Hollywood, China is shaping the world in ways that people have only begun to grasp. Yet the emerging imperium is more a result of the Communist Party’s exercise of hard power, including economic coercion, than the product of a gravitational pull of Chinese ideas or contemporary culture."

"From 2009 onward, Chinese power in domestic and international realms has become synonymous with brute strength, bribery and browbeating — and the Communist Party’s empire is getting stronger."

Go deeper

Washington Post names AP's Sally Buzbee as executive editor

Photo: Andrew Harrer/Bloomberg via Getty Images

The Washington Post has named Associated Press executive editor Sally Buzbee as its new executive editor, effective June 1.

Why it matters: Buzbee replaces legendary editor Marty Baron, who retired at the end of February. She will be the first woman to lead the newsroom in The Post's 144-year history.

Pipeline hack spotlights cyber risks to energy systems

Illustration: Aïda Amer/Axios

The ransomware attack against the Colonial Pipeline — the massive East Coast gasoline artery — is a stunning real-world example of the increasing risks that the energy sector faces from a cyberattack.

Why it matters: Different parts of the vast American energy system are vulnerable — from pipelines to power grids to individual power plants and plenty in between.

1 hour ago - Technology

Scoop: TikTok launching jobs service for Gen Z

Illustration: Aïda Amer/Axios

TikTok is testing a tool for brands to recruit employees, sources tell Axios.

Details: The pilot program is designed to help people find jobs on TikTok and connect with companies looking to find candidates. It's also meant to help brands use TikTok as a recruitment channel.