Foreign Affairs Minister Vivian Balakrishnan said faith in the rules-based global order had been shaken and countries would now seek a ‘flight to safety’ as the post-WWII peace dividend ‘is over’. Source linkRead More »
China-Japan ties: past the point of no return amid Tokyo’s military build-up?
China undoubtedly sees hostility in Japan’s plans to massively boost defence spending, say analysts, warning ‘a reciprocal quid pro quo’ may be required for the two to maintain a ‘mutually beneficial yet awkward relationship’. Source linkRead More »
Japan’s plans for a huge defence spending boost face a US$44 billion shortfall
Prime Minister Fumio Kishida has pledged 43 trillion yen in defence outlays over the period to 2027 as he seeks to bolster Japan’s capabilities. But it looks like he’s about 6 trillion yen short. Source linkRead More »
Hong Kong’s surprise surplus: were numbers ‘distorted’ to avoid deficit?
Financial Secretary Paul Chan Mo-po’s explanation for how Hong Kong turned an anticipated budget deficit into a surplus amounted to a “distortion” of public accounts that helped the government justify its tax policies and boost investors’ confidence, economists said.Some took issue with including the proceeds from government bonds and the …Read More »
China’s weak consumption over Lunar New Year may signal ‘worsening economy’
Consumption over the week-long Lunar New Year holiday in China failed to get anywhere near pre-pandemic levels, and some analysts warn that the downtrend could signal a worsening economy.During the holiday period that ended on Sunday, Chinese tourists took 251 million trips and contributed 289.2 billion yuan (US$45.4 billion) in …Read More »