| U.S.-China relations — already tattered by a trade war and strained by the coronavirus crisis — were dealt another blow this week as Beijing took action to tighten its control over Hong Kong. Residents of the semiautonomous territory, which has already seen months of pro-democracy protests, cherish the freedoms that had made it a cosmopolitan center of finance; the possibility of more unrest could further diminish its global position. The move by China also has the U.S. walking a very fine line between upholding democratic values and finding common ground with the world's second-largest economy. The ongoing pandemic makes it all the more uncertain how events will unfold. The U.S. Needs a Different China Strategy — Editorial Board Trump Should Open America's Doors to Hong Kong's Citizens — Eli Lake China's Weaker Yuan Fix Is the Real Cold War Salvo — John Authers A Tech Billionaire May Find Use in a Cold War — Andy Mukherjee Coronavirus Hasn't Killed the Global Balance of Power — Hal Brands Democracies Must Not Fail Hong Kong Migrants — David Fickling Hong Kong Finance Has a Security Blanket — Nisha Gopalan Why China Chose to Act in Hong Kong — Cui Tiankai U.S. Nationalism Pits the Financial World Against China — Noah Smith China Isn't Using Its Currency as a Cold War Weapon — Shuli Ren China's Crypto Is All About Tracing — and Power — Andy Mukherjee This is the Theme of the Week edition of Bloomberg Opinion Today, a roundup of our top commentary published every Sunday. | 
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