Business
China Increasingly Views Trump’s America as an Empire in Decline
When President Trump visited China in late 2017, Xi Jinping welcomed him with a grand display of Chinese history and culture: a four-hour private tour of the Forbidden City culminating in a performance by the Peking Opera.
Eight years, a pandemic and two trade wars later, Mr. Trump is returning to Beijing, where the theme of future dominance, not ancient majesty, has filled domestic and international headlines with articles about dancing robots, drone swarms and the quiet hum of electric vehicles.
China increasingly casts itself not as a fading civilization trying to catch up to the West but as a superpower poised to surpass it. Chinese nationalists and state-linked commentators say they have Mr. Trump to thank. America under his rule, they say, validates Mr. Xi’s worldview centered on “the rise of the East and decline of the West.”
For decades, many Chinese viewed the United States with a mix of admiration, envy and resentment. America represented wealth, technological sophistication and institutional confidence. Even critics of Washington who reviled the American system often assumed that it worked.
Mr. Trump’s ascent and his volatile second term shattered that image.
In January, a nationalistic Beijing think tank affiliated with Renmin University published a triumphant report about Mr. Trump’s first year back in office. The report argued that his tariffs, attacks on allies, anti-immigration policies and assaults on the American political establishment had inadvertently strengthened China while weakening the United States. Its title: “Thank Trump.”
The report called Mr. Trump an “accelerator of American political decay,” with the United States sliding toward polarization, institutional dysfunction and even “Latin American-style instability.” His hostility toward China, the authors argued, was a “reverse booster” that unified the country and helped bring about its strategic self-reliance.
“At this turning point in history,” the authors wrote, “what we hear is the heavy and haunting toll of an empire’s evening bell.”
Such language, once confined largely to nationalist corners of the Chinese internet, has increasingly entered mainstream political discourse.
Evidence of this shift is measurable: The use of terms related to “American decline” in official Chinese sources nearly doubled in 2025, according to a study by two Brookings Institution researchers.
The narrative of American decline did not begin with Mr. Trump. For years, Chinese state media and nationalist pundits have highlighted mass shootings, homelessness, political polarization and economic inequality in the United States as evidence of the failures of Western democracy. More recently, official outlets embraced the viral phrase “kill line,” borrowed from video game culture, to describe what they portrayed as the irreversible downward spiral facing America’s working poor. It’s a familiar tactic of the Communist Party to distract the Chinese public from the country’s own issues.
But Mr. Trump’s return to office and his administration’s erratic decision-making in both domestic and foreign policy have supplied the propaganda machine with plentiful fresh material. Images of immigration raids, the Minneapolis shootings and bitter political infighting circulate widely on Chinese social media alongside triumphant commentary about American dysfunction. What once sounded to many educated Chinese like exaggerated propaganda increasingly feels, to some, observational.
A 31-year-old education consultant in northern China who advises families on overseas study told me that parents who had once aspired to Ivy League degrees for their children now saw America as “too chaotic.” A decade ago, more than 80 percent of his students considered the United States for study abroad, said the consultant, who asked me to use only his family name, Wang, for fear of government retribution. Now, he estimated, the figure has fallen to 45 percent.
Mr. Wang described watching footage of the Jan. 6, 2021, attack on the U.S. Capitol and finding himself thinking of the Red Guards that Mao Zedong dispatched to tear apart China’s institutions during the Cultural Revolution. That feeling returned more insistently with the immigration raids and the targeting of perceived enemies during Mr. Trump’s second term.
“The America that represented wealth, freedom and institutional confidence feels like it belonged to a different era,” Mr. Wang said.
Among China’s foreign policy analysts, the conversation has turned to what Beijing can gain from the bilateral relationship, which has become more transactional under Mr. Trump than under President Joseph R. Biden Jr.
“Only China can save Trump,” said Huang Jing, a professor at Shanghai International Studies University, during a media event that was livestreamed in late 2025. With the U.S. midterm elections approaching, he argued, Mr. Trump needed visible wins such as Chinese purchases of American soybeans, corn and natural gas that could play well in swing states.
“Since Trump,” Mr. Huang said at the event, “the United States has become increasingly prone to compromise.”
Wu Xinbo, a leading American studies scholar at Fudan University, offered a similar assessment. If Republicans lose control of the House this fall, he said at the same event, Mr. Trump is likely to pivot toward his foreign policy legacy, creating space for a larger accommodation with Beijing.
China, he said, “should make good use of this opportunity.”
The war in Iran has reinforced the view that China has the upper hand with Mr. Trump. At a conference in late April, Mr. Wu argued that the war reduced Washington’s leverage against China while increasing Beijing’s by consuming American military and diplomatic attention in the Middle East.
The logic helps explain why China’s official language regarding Mr. Trump has often been less hostile than it was regarding Mr. Biden. According to a project by the Tracking People’s Daily newsletter, which used artificial intelligence to analyze nearly 7,000 Chinese official statements since 2021, Mr. Biden was presented as a more systemic threat — so serious that Mr. Xi accused Washington of “encirclement and suppression,” unusually confrontational language for a Chinese leader.
By contrast, the study noted, “Trump’s transactionalism is something Beijing understands and can work with.”
Yet belief in U.S. decline has not translated into aggressive Chinese foreign policy, at least not the kind of overt geopolitical gamble that Russia made before invading Ukraine.
China has become more assertive, pressuring U.S. allies, expanding military activity around Taiwan and restricting rare-earth exports in response to Mr. Trump’s tariffs. But even as Beijing advances the idea of the decline of American power, it appears wary of directly confronting what many Chinese analysts describe as a still dangerous superpower.
Two factors play into this circumspection. First, many Chinese strategists believe Beijing can do better by sitting back while the Trump administration fumbles. Second, an unstable and distracted United States may also be a more unpredictable one.
Beijing’s export-dependent economy needs a stable international order to function. An erratic United States threatens that stability in ways a confident, predictable America never did, Zongyuan Zoe Liu, an economist at the Council for Foreign Relations, told me.
Mr. Xi “is getting the United States he always wanted,” she said, “and the America he most feared at the same time.”
Business
Read Nick Bilton’s Letter to Scott Pelley
Dear Mr. Pelley:
I meant what I said in my letter last week to the 60 Minutes team: joining 60 Minutes is the honor of my career and I am grateful to be working alongside the people who have contributed to the most important television journalism brand this country has ever produced. While I’m new to 60 Minutes, I’ve devoted my career to investigative journalism and storytelling. I started this job excited to collaborate and to benefit from the wisdom and experience of the 60 Minutes veterans, with you among them. For that reason, one of the first things I did in my new role was call you to talk and invite you to dinner. It is a profound disappointment that you rejected that overture and chose ambush instead. Yesterday, you hijacked my first meeting with staff to disparage me, my qualifications, and my intentions with remarkable incivility and contempt. I welcome a diversity of viewpoints and respectful debate among the team, but this was nothing of the sort. Yesterday’s performative display of hostility enacted in front of the staff instead of in a civil, private conversation-demonstrated that you have no interest in contributing to the future success of the show, or approaching my new tenure with a mind open to collaboration and progress. I am here to deliver first-in-class news programming, not to make headlines about newsroom drama. I am eager to work alongside those who share this goal.
Despite yesterday’s misconduct, I had hoped that in sitting down with you today we could find a path forward together. You made clear that you are not interested in such a path.
Your antipathy to the future of the show has come through loud and clear. And I have heard you. I therefore write on behalf of CBS News, Inc. (“CBS”) to inform you that your employment with CBS is terminated for cause effective immediately. Enclosed is your formal termination letter.
Sincerely,
Nick Bilton
Executive Producer, 60 Minutes
Business
Aspiration co-founder sentenced to 14 years for fraud
The co-founder of Aspiration, Joseph Sanberg, was sentenced to 14 years in prison on Monday after defrauding investors and lenders of over $248 million.
The startup, an eco-friendly digital banking company boasting fossil fuel-free investments, carbon offsets for gas purchases, and a debit card with cash-back benefits for shopping at clean companies, was founded by Sanberg and Andrei Cherny. Cherny left the company in 2022 and has not been charged.
Sanberg, an Orange County native, pleaded guilty to wire fraud in October after being arrested in March last year. Aspiration subsequently filed for bankruptcy and liquidated all of its assets by July.
Sanberg and venture capitalist Ibrahim AlHusseini, who also faces charges, together forged a series of bank statements in order to obtain loans. From 2020 to 2021, the pair forged AlHusseini’s bank statements to show millions of dollars in assets in order to obtain millions of dollars from lenders.
Additionally, they forged a letter from their audit committee stating that $250 million in funds were available, when in reality Aspiration had less than $1 million. The amount of loans defrauded exceeded $248 million.
In 2021, Sanberg artificially inflated Aspiration’s 2021 revenue by $44 million by recruiting 27 fake customers to sign letters of intent pledging tens of thousands of dollars per month for tree planting services. Sanberg himself funded the contracts and used the inflated revenue numbers to obtain more loans.
The charges sparked an NBA investigation into salary cap allegations due to Aspiration’s connections with Clippers owner Steve Ballmer.
Ballmer personally invested $60 million in Aspiration, all of which was lost. He is now the target of a civil lawsuit alleging his participation in the scheme. Ballmer denies the allegations.
The team announced a $300-million sponsorship deal with Aspiration, and Clippers player Kawhi Leonard signed a four-year, $28-million marketing contract with the company, which reportedly performed no duties. The issue has raised concerns about how players are circumventing the NBA’s salary cap.
The team lost the $300-million sponsorship deal and an additional $20 million paid for carbon offset purchases.
Business
Monterey Park takes landmark vote on banning data centers
Residents in the city of Monterey Park will be the first in the nation to vote on a permanent ban on data centers Tuesday.
If approved, Measure NDC would prohibit data centers within the city limits and could only be overturned by another vote.
Yard signs saying “No Data Center” in English and Chinese with images of dragons line sidewalks in the San Gabriel Valley city.
As a wave of data center opposition sweeps the country, numerous towns and counties across the U.S. have instituted temporary moratoria and other restrictions on the facilities. But only a handful have instituted indefinite bans, and just four other towns have sent related matters to the ballot.
Supporters are hoping the vote will set a precedent for the rest of the region, where residents are fighting proposals in Vernon and City of Industry.
“This is about as permanent a ban as we can get,” said Steven Kung, co-founder of the group No Data Center Monterey Park. “Winning Measure NDC would send a huge message to the rest of the San Gabriel Valley about how residents don’t want data centers.”
The ballot measure emerged from the fight against a 247,000-square-foot center proposed in 2024 by the Australian-owned investment firm HMC StratCap for a residential area in Monterey Park.
The facility would have sat less than 500 feet away from the nearest home and used three times the electricity of the 60,000-person, predominantly Asian American city.
While the developer touted the potential for jobs and tax revenue, residents expressed concerns about noise and air pollution, rising electricity rates and a potential to lower property values.
The company pulled its plans in late March following public outcry and a March 4 city council vote to extend a temporary data center moratorium and place a ban on Tuesday’s ballot.
In a letter to the city council, HMC StratCap said it would pursue a different use for the land and would not engage in a ballot measure fight.
The city council later banned data centers indefinitely, the first in California to do so, said Mayor Elizabeth Yang. But she’s still been out campaigning for the measure with all four other council members.
“If a council puts in an ordinance, a future council can reverse it too,” said Yang. “With the ballot measure, unbanning it is a lot harder because you need the entire city to vote on it.”
The measure proposes the ban “to protect air quality, drinking water resources, and public health” and “prevent impacts to electricity and water rates.”
While California places third in the country for existing data centers with about 300 facilities, it hasn’t been a hot spot in the recent AI-driven data center boom. High electricity rates, expensive land and regulatory hurdles mean that fewer, and smaller, facilities are currently planned than in Virginia, Texas, Georgia, Illinois or Arizona.
“Most of California’s data centers are small by today’s standards,” said Shaolei Ren, an engineering professor at UC Riverside who studies how to reduce the environmental impacts of data centers. “Ten years ago, they would be medium-sized, but the power demand for new AI data centers has increased a lot.”
The average operating data center demands 45 megawatts, according to the Washington Post, while the average planned one would draw 430 MW. The one proposed for Monterey Park would have required about 50 MW at peak demand.
As proposals crop up in SoCal, they’re met with fierce opposition. Montebello, El Monte and Baldwin Park have all enacted temporary moratoria, and Alhambra recently banned data centers as part of a zoning code update. City of Industry, Vernon, City of Commerce and Santa Fe Springs are moving in the other direction, trying to court developers and streamline data center approvals. Community groups are fighting that.
Outside the San Gabriel Valley, residents of Coachella and Imperial County are showing up in droves to protest local proposals.
Matthew Shaw, a volunteer with the Coalition for Responsible Data Center Development, who recently published a report on opposition to AI data centers, said a vote to ban them in Monterey Park “would lead to copycats, partially because so many groups are just opposed to any data center development at all.”
While there is no formal opposition to Measure NDC, some building trades like Ironworker Local 433 supported the Monterey Park data center when it was still live before city council. Those in the data center industry are lamenting the state of public opinion.
“These are multi-billion-dollar assets that are built by multi-trillion-dollar companies. These things will get done,” said Mehdi Paryavi, chairman of the International Data Center Authority. “My biggest problem is that our industry does not invest enough in community engagement.”
Paryavi said towns that seek to limit data centers are missing out on thousands of jobs generated by data center construction, operations and customers, as well as faster artificial intelligence speeds and better performance.
Kung said local community organizers are “looking at the empirical evidence” and seeing a ban as a win.
“We’ve never seen a city that embraces a data center and is like, ‘Look how our quality of life has increased, look how all the revenue has gone into citywide improvements,’” he said. “That just doesn’t exist.”
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