What Does This Balloon Incident Say About US-China-Spying Relationship?

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There's no evidence so far that the US actually really has developed these balloons and deployed them in an operational way. The Chinese after the American shot down their balloon the Chinese accused America of flying I think it was 10 balloons over Chinese airspace. But there's no evidence of that. So what does this balloon incident say about the US-China-spying relationship? What's your takeaway here? One of the things that's happening here is that China is catching up with the US and is developing new capabilities and the US is having to react to that. There's a gap between the US and China shrinking.

Major US employers are reporting a dramatic improvement in hiring conditions despite official data, and the FT’s Aime Williams tells us what the World Bank might look like under the leadership of Ajay Banga. Plus, the FT’s Demetri Sevastopulo explains what the Chinese spy balloon saga means more broadly for the relationship between Beijing and Washington.

Mentioned in this podcast:

US companies say it is easier to hire despite low jobless rate

Ajay Banga, World Bank nominee must swap finance for climate

Beyond the balloon: the US-China spy game

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