What signals do the recent strengthening of state regulation on online car hailing platforms and educational institutions send? How will the tightening of U.S. monetary policy affect emerging markets and global stock markets? How can China and the U.S. better coordinate their fiscal and monetary policies? Dr Yu Xiang, visiting researcher at the Center For International Security and Strategy (CISS) of Tsinghua University, China Forum expert, and senior researcher at the China Construction Bank's Research Institute, elaborates on the strategic logic behind the above policy issues.