The Economist Asia Edition

The Economist Asia Edition June 6, 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
51 期號


1 最少
coronavirus briefs

South Korea temporarily closed some schools that had only just reopened after recording the highest spike in new cases in two months. The Chinese city of Wuhan tested all of its 10m residents for covid-19 over ten days. The campaign identified just 300 infections, all of which were asymptomatic. The head of Britain’s statistics agency criticised Matt Hancock, the health secretary, for data published on testing, saying the distinction between actual testing and posting test-kits was “too often elided” during official presentations. Mexico, which has the second-largest number of deaths from covid-19 in Latin America, loosened lockdown measures. French cafés and restaurants reopened after 11 weeks of lockdown. The joie de vivre is still subject to social-distancing restrictions. For our latest coverage of the virus and its consequences please visit economist.com/ coronavirus or download the…

7 最少
the world this week

Politics Both riots and peaceful protests spread across America in response to the death of George Floyd. It was the country’s worst unrest for decades, prompting many states to call out the National Guard and cities to impose curfews. Looting accompanied the chaos; shops in midtown Manhattan were ransacked. The policeman who knelt on Mr Floyd’s neck for nine minutes was indicted for second-degree murder; the three officers who failed to stop him were charged with lesser offences. Donald Trump suggested sending in the army to restore order. Mark Esper, the defence secretary, said soldiers should only be deployed as a last resort. NASA launched astronauts into space from American soil for the first time since the end of the shuttle programme in 2011. A capsule carrying two astronauts to the International…

5 最少
the fire this time

ONE HUNDRED THOUSAND Americans are dead from a virus. A feat of space flight demonstrates American ingenuity. In cities across the country, protests sparked by racial injustice are showing an ugly side of America to the world. In November voters must choose between a Republican running on a law-and-order platform, and an uninspiring vice-president running for the Democrats. The year is 1968. It is also 2020. In 1968 the virus was flu and the space mission Apollo 8. But the injustice had the same corrosive effect. As James Baldwin wrote in the early 1960s, racism “compromises, where it does not corrupt, all the American efforts to build a better world—here, there or anywhere.” Today more than 350 cities nationwide erupted after George Floyd, an unarmed African-American man, was killed by a…

3 最少
the other three-quarters

HOW TO PREVENT new surges in cases? How to reopen businesses in an era of social distancing? How to revive prone economies? These are the questions preoccupying most of the rich world, where covid-19’s first wave, at least, is mercifully ebbing. But elsewhere the pandemic remains far from any crest. Brazil is adding around 25,000 new confirmed cases a day, more than the United States. Russia and India are not far behind, with 8,000 or so apiece. All told, poorer countries account for some three-quarters of the 100,000 or so new cases detected around the world each day. These numbers are alarming, especially because they are grave underestimates. Poorer countries tend to conduct fewer tests than richer ones, so even more infections and deaths are going uncounted in them. Random testing…

4 最少
conduit’s end?

CHINA AND America have begun the fraught business of disentangling their financial systems. Chinese firms with shares listed in New York have rushed to float in Hong Kong, too, after the White House signalled they are not welcome on Wall Street. The latest is NetEase, a Chinese gaming firm that began a $3bn listing this week. But now Hong Kong itself, the world’s third-biggest international financial centre, has become a geopolitical flashpoint. Its unique role as the conduit between global capital markets and China’s inward-looking financial system means that both sides must tread carefully. On May 28th China said it would enact a new national-security law for Hong Kong, undermining the formulation of “one country, two systems” in place since 1997, under which the territory is supposed to be governed until…

3 最少
tomorrow’s problem

NEVER BEFORE have central banks created so much money in so little time. In the past three months America’s monetary base has grown by $1.7trn as the Federal Reserve has hoovered up assets using new money. As The Economist went to press, the European Central Bank (ECB) was expected to expand its emergency bond-buying programme beyond its initial size of €750bn ($830bn). Money-creation has tacitly financed much of the emergency spending unleashed to help economies through the pandemic. It has also propped up asset markets. The Fed is buying junk bonds; the Bank of Japan has stepped up its purchases of equities and could soon own over a fifth of many large Japanese companies (see Free exchange). All the while economies are contracting. As a result, America’s base-money-to-GDP ratio may…