Business & Finance
The Economist Asia Edition

The Economist Asia Edition

October 24, 2020

The Economist is the premier source for the analysis of world business and current affairs, providing authoritative insight and opinion on international news, world politics, business, finance, science and technology, as well as overviews of cultural trends and regular Special reports on industries and countries.

United Kingdom
The Economist Newspaper Limited - Asia Pacific
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51 Issues

in this issue

1 min.
coronavirus briefs

Iran again broke its single-day record for covid-19 deaths. Hospitals in Tehran, the capital, ran out of intensive-care beds and suspended all nonemergency treatments. Israel eased a month-long nationwide lockdown, its second since the beginning of the pandemic. It has seen a significant decline in the number of new cases. Health experts cast doubt on the claim by a government panel in India that the virus had reached its peak in the country. Cumulative cases passed 7.7m this week. Ireland was put back into a strict lockdown. The government had resisted implementing the measures, which scientists were calling for. The go ahead was given in Britain for the world’s first “human-challenge clinical trials”, in which volunteers will be dosed with the virus. For our latest coverage of the virus and its consequences please visit economist.com/…

7 min.
the world this week

Politics New Zealand’s Labour Party romped home to secure a fresh term at a general election, winning 49% of the vote and an overall parliamentary majority, the first for any party in the country since proportional representation was adopted in 1996. Jacinda Ardern, the prime minister, has been praised for her handling of the covid-19 outbreak. The centre-right National Party was crushed, taking just 27% of the vote, a defeat it did not envisage when it chose Judith “Crusher” Collins as its leader in July. The authorities in Thailand lifted curbs that had been imposed on protests against the government and the role of the monarchy. The restrictions did not work: they enraged people and spurred them to attend huge rallies calling for the prime minister to resign. The police force in Sindh,…

5 min.

The Uyghurs: China responds The Economist’s articles on Xinjiang made groundless accusations against China’s policy and was a gross interference in China’s internal affairs (“Torment of the Uyghurs”, “Orphaned by the state”, October 17th). The issues you raised have nothing to do with human rights, ethnic groups or religions, and everything to do with fighting violent terrorism, separatism and extremism. Extremist forces have carried out thousands of violent attacks in Xinjiang. For this reason its government has taken resolute action to crack down on such violence, in accordance with the law. The deradicalisation measures have curbed terrorist activities; there has not been a single attack for over three years. Feeling more safe, these measures have won the extensive and heartfelt support of people from all ethnic groups in Xinjiang. You described the…

3 min.
labour day

A victorious Jacinda Ardern must deal with covid’s economic fallout EVERYONE KNEW that the Labour Party would win. But even its leader, Jacinda Ardern, seemed startled by its landslide victory in New Zealand’s general election on October 17th. Ballots must still be counted from prisoners and expats, but so far Labour has mopped up 49% of the vote, compared with 27% for the main opposition, the conservative National Party. New Zealand’s proportional voting system is designed to curb the power of big parties, by making it hard for them to govern without smaller coalition partners. Yet with an absolute majority in parliament (64 seats out of 120), Labour will be able to do just that. Although she does not need them, the prime minister is now in talks with the Green Party’s…

2 min.
going, going, gone

CLYFFORD STILL may have been the most gifted of America’s Abstract Expressionist painters; he was certainly also the most uncompromising. He would suddenly withdraw works he had promised to exhibitions if he considered the curating to be substandard, and he almost never let go of any of his paintings and drawings. When he died in 1980, he still had 2,400 works in his studio. But Still had made an exception for the painting, in his characteristic jagged strokes of rust and black, which he called “1957-G”. In 1969 he gave this work to the Museum of Art in Baltimore, located 30 miles away from where he and his second wife had settled in rural Maryland eight years earlier. Now the museum is auctioning off the picture, which it hopes might earn…

4 min.
no contest

ALL THE publicly available evidence suggests that the Coalition of Hope was exactly what it claimed to be: a nascent political alliance that planned to field candidates in the election for Egypt’s lower house of parliament. The group, which included MPs, journalists, businessmen and labour leaders, aimed to shake up a legislature dominated by supporters of President Abdel-Fattah al-Sisi. Last year, though, the interior ministry accused the coalition of working with terrorists to “bring down the state”—a plot the ministry identified, with no hint of irony, as “The Plan for Hope”. As the election kicks off this month, several coalition members sit in jail. Even by the standards of Egypt, where votes are routinely bought and opposition candidates imprisoned, this contest seems especially undemocratic. Using arrests, intimidation and bureaucratic hurdles, the…