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John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.” One thing ...

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In late October, while much of the world was focused on the buildup to the U.S. elections, President Xi Jinping of China was issuing a call for global resistance to the American-led world order.

President-elect Donald Trump invited Chinese President Xi Jinping and other world leaders to attend his inauguration next month, his incoming press secretary confirmed Thursday, and though the ...