| Greetings, Thank you for subscribing to this newsletter, and for all the feedback that many of you have been sending me over the last two difficult months. This is to apologize that there will not be a new newsletter from me this week. I will aim to be back with regular service next week. One brief contribution for now: There was fascinating news this week that the U.S. administration is moving ahead with measures to block a publicly administered pension fund from investing in China. This is a link to the column I wrote when this measure was first mooted in the Senate last September, while this is a newsletter with some graphics and numbers on the same topic. I will master the temptation to attempt any new analysis, but the topic is potentially very important indeed. Best wishes to all. Be safe, and all recommendations for easy reading/binge-watching would be gratefully accepted. Like Bloomberg's Points of Return? Subscribe for unlimited access to trusted, data-based journalism in 120 countries around the world and gain expert analysis from exclusive daily newsletters, The Bloomberg Open and The Bloomberg Close. | 
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