Alexandra Stevenson

Alexandra Stevenson is a reporter at The New York Times, where she has worked for the past four years and won the 2016 Society of American Business Editors and Writers Best in Business award. Before writing for the Times, Stevenson was a London-based reporter for the Financial Times, a freelance reporter for the China Economic Review, and a writer and editor for Asia Weekly magazine. She specializes in covering hedge funds and the finance world more broadly. She will be moving to Hong Kong in September to cover business news in Greater China and Southeast Asia.

Destined for War

China and the United States are headed toward a war neither wants. The reason is Thucydides’s Trap, a deadly pattern of structural stress that results when a rising power challenges a ruling one. This phenomenon is as old as history itself. About the Peloponnesian War that devastated ancient Greece, the historian Thucydides explained: “It was the rise of Athens and the fear that this instilled in Sparta that made war inevitable.” Over the past 500 years, these conditions have occurred 16 times. War broke out in 12 of them. Today, as an unstoppable China approaches an immovable America and both Xi Jinping and Donald Trump promise to make their countries “great again,” the 17th case looks grim. Unless China is willing to scale back its ambitions or Washington can accept becoming number two in the Pacific, a trade conflict, cyberattack, or accident at sea could soon escalate into all-out war.

In Destined for War, the eminent Harvard scholar Graham Allison explains why Thucydides’s Trap is the best lens for understanding U.S.-China relations in the 21st century. Through uncanny historical parallels and war scenarios, he shows how close we are to the unthinkable. Yet, stressing that war is not inevitable, Allison also reveals how clashing powers have kept the peace in the past—and what painful steps the United States and China must take to avoid disaster today. —Houghton Mifflin Harcourt

Haley Says China May Face Trade Sanctions If It Continues To “Hold Hands” with N. Korea

U.S. Ambassador to the United Nations Nikki Haley said the U.S. is going to “push hard” against China amid threats from North Korea, and that China needs to do more when it comes to the country that just days ago test-launched an intercontinental ballistic missile (ICBM).

Take a Tour of China’s First Aircraft Carrier, a Secondhand Soviet-Era Ship Now in Hong Kong

China’s first aircraft carrier, the Liaoning, was open to the public for the first time this past weekend. The event took place in Hong Kong as part of the 20th anniversary marking the city’s handover to Chinese rule.