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What I Learned From the PLA's Latest Strategy Textbook

What I Learned From the PLA’s Latest Strategy Textbook
May 25, 2021 08:32 AM
Age: 4 hours
Image: The cover of the 2020 revision of the Science of Military Strategy, released in August 2020 (Source: Author’s records).
Introduction
Science of Military Strategy (战略学,
zhanlüe xue) (SMS), a core textbook for senior PLA officers on how wars should be planned and conducted at the strategic level. This article compares the 2020 version of this book with its last revision, in 2017, and finds that the former contains new details on wartime political work, “intelligentization” concepts, China’s military strategic guidelines, major war operations, joint logistics and the People’s Armed Police. It should be a go-to reference for those seeking to understand Chinese military thinking as it is currently explained to PLA officers themselves. ....

United States , National Defense University , District Of Columbia , Army War College , Joel Wuthnow , Kang Wuchao , Nathan Beauchamp Mustafaga , Phillipc Saunders , Roy Kamphausen , Frank Hoffman , Davidm Finkelstein , M Taylor Fravel , Xiao Tianliang , Mingzhi Chen , Cai Renzhao , Lou Yaoliang , Michael Mcdevitt , Andrew Scobell , Kenneth Allen , Elsab Kania , China National Military Strategy , Academy Of Military Sciences , Department Of Defense , China National Defense University , Rocket Force Construction , Cyber Force Construction ,

What turbocharged this week's crazy cryptocurrency meltdown?

What turbocharged this week’s crazy cryptocurrency meltdown?
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Last Updated: May 20, 2021, 02:54 PM IST
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Synopsis
Bitcoin dropped as much as 31% Wednesday to near $30,000, and Ether was 44% down at less than $2,000 at one stage. While both have recouped some of the losses, those crashes spread plenty of pain across crypto assets.
Reuters
“What causes such deeper pullbacks are a case of system overload, liquidations, and such factors,” said Vijay Ayyar, head of Asia Pacific at Luno Pte.
Related
Liquidations and leverage appear to have turbocharged this week’s cryptocurrency meltdown.
Bitcoin dropped as much as 31% Wednesday to near $30,000, and Ether was 44% down at less than $2,000 at one stage. While both have recouped some of the losses, those crashes spread plenty of pain across crypto assets. There were $9.4 billion of liquidations in the 24 hours through 9 a.m. Thursday in Singapore, as more than 887,000 traders liq ....

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Within Chaos

Within Chaos
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