| This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. New subscribers can sign up here; follow us on Bluesky, TikTok, Instagram, LinkedIn and Threads.  | | | The message from China’s lavish military parade this week was unmistakable: Beijing has the weaponry, allies and ambition to shape a new global order — one it intends to lead. President Xi Jinping is signaling that the era of unrivaled American supremacy is ending. There were several audiences in mind. For Washington, it was a response to ongoing trade tensions and projected China as a responsible global actor. For Taiwan, the sophisticated military hardware on display was a reminder that while Beijing speaks of peaceful unification with the self-ruled island, force always remains an option. And for his own people, Xi cast the Communist Party as the reliable architect of the nation’s rise from impoverishment to international powerhouse, despite current economic weakness.
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