Good morning. The latest edition of The Economist carries a provocative headline that reads “Peak China.” It’s an interesting concept. Western cognoscenti have assumed for three decades that China would someday pass the U.S. as the world’s leading economic power. But events of the last couple of years have clouded that view. Part of it is decisions by the U.S. to ring fence Chinese technology—one of the few U.S. policies that has bipartisan support in Washington. But even more of it is due to decisions made in Beijing—to rein in successful global tech companies like Alibaba, to stick to a...