Feb 22, 2018

Scoop: Beijing sending another senior emissary to D.C.

Liu He delivers a speech at the annual 2018 World Economic Forum. Photo: Fabrice Coffrini / AFP / Getty Images

Liu He is coming to D.C. next week, sometime between Feb. 27 and March 2, my sources tell me. His trip will follow the early February visit of Politburo member and top diplomat Yang Jiechi — whose visit was not seen as successful by either side.

Why it matters: Beijing will now have sent two Politburo-level emissaries in the last several weeks to try to re-engage with the U.S., and to get a clear message on exactly what the Trump Administration wants. Beijing is looking to restart the Comprehensive Economic Dialogue but so far the Trump administration has not agreed.

More details: Liu, who is also a Politburo member, is perhaps the most influential economic policymaker in Beijing and is expected to become a Vice Premier at the National People's Congress in a couple of weeks.

Go deeper: The South China Morning Post looks at the likely policy portfolio for Liu.

Go deeper

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As traders around the globe have frantically unloaded positions in recent weeks, so-called mom and pop retail investors have kept level heads and not sold out of stocks.

What they're saying: In fact, "the typical trader is buying equities on the dips," passive investment firm Vanguard notes in a research paper, adding that "older, wealthier traders are moving modestly to fixed income."

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What he's saying: "Everyone believes that local journalism is incredibly important," Zuckerberg told Axios in a phone interview. "But everyone is connected to their local [outlets]. Figuring out how to make an impact, and support local journalism broadly and at scale, has been a challenge."

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Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images

Facebook says it is spending $100 million to support news outlets around the world that have been impacted by the coronavirus, the company said Monday.

Why it matters: Whatever Facebook's motivation, this is a much-needed cash infusion at a critical time for the local news industry.