A neoclassical solution for China
China’s recently concluded Party Plenum took inspiration from ancient philosophers to solve its modernization drive. It is a bold and ambitious move that could change the country and the world. Will it work?
Deng Xiaoping in asian news
The seeds of Deng Xiaoping’s legacy have yielded remarkable progress
China’s transformation over the last four decades since its reform and opening up in the late 1970s is a highly unusual phenomenon. China’s gross domestic product grew from US$150 billion in 1978 to about US$17.8 trillion by 2023, making it the world’s second largest economy. Per capita GDP jumped from US$157 in 1973 to US$12,614 by 2023, surpassing countries like India and Thailand. In first-tier cities like Shanghai, Beijing and Shenzhen, the average per capita GDP ranges between US$26,000 and US$28,000, topping the amount considered as high-income by World Bank standards.
Singapore’s Kishore Mahbubani calls criticism of his memoir ‘fossilised’ Western views
Not only was the milkshake a bold choice for the 75-year-old, who has had coronary artery bypass surgery, but also an undeniably Western drink for the long-time Asia advocate. He explained that he needed the sugar rush for his packed schedule of promotional events for his book, Living the Asian Century: An Undiplomatic Memoir.
Nippon Steel-Baosteel split closes book on Deng Xiaoping's Japan legacy
HONG KONG -- The breakup of the long relationship between Japan's Nippon Steel and China's Baoshan Iron & Steel, or Baosteel, announced this week not only illustrates the tectonic shift in industrial power between the two Asian forces but also symbolizes the end of an era in bilateral ties that started with the late Chinese paramount leader Deng Xiaoping.
Rare earths in the red and an overhaul for AI infrastructure
Hello, this is Kenji from Hong Kong.
China’s Communist Party charts technology- and security-focused development for reviving the economy
BANGKOK (AP) — In a year of major elections that will determine the destinies of many countries, China’s ruling Communist Party is holding closed, top-level meetings in Beijing to set strategies for reviving its slowing economy.
Sharif’s Beijing trip: Can China-Pakistan Economic Corridor be revived?
The $62bn project, meant to resurrect Pakistan’s economy, has struggled amid attacks on Chinese workers.