Business needs to sober up on China
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Peter Hartcher has the scoop today:
On Malcolm Turnbull’s last weekend as prime minister he picked up the phone and called the White House. In the inner sanctum, his government had just made a threshold decision on the hyper-connected, fifth-generation mobile telecommunications future that’s to enable the so-called “internet of things”.
…The cover story in the American journal Foreign Affairs is about China’s plan for cyber dominance. It’s titled: “World Wide War.”
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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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