Economist Richard Koo’s theories influenced Western policy decisions after the global financial crisis, and now he has strong words for Chinese policymakers on the need for fiscal stimulus to ward off a ‘balance-sheet recession’.
Since Tsai came into office, ties with the mainland have been severely strained and the island has become a source of great tension between Beijing and Washington.
Search and rescue teams scoured a fog-shrouded mountain area after President Ebrahim Raisi’s helicopter apparently crashed in the mountainous northwest reaches of Iran on Sunday.
Seoul should pay to refurbish some of the US’ old ‘regime killer’ nuclear bombs, a US defence analyst says – as confidence wavers in Washington’s commitment to defend South Korea.
Yao Yang from Peking University says a developed, capitalist market and openness to immigrants helped the United States lead the way over the past century.
Japan’s whaling industry has been propped up for years by government subsidies and isn’t even filling existing quotas. Still, it wants to add the world’s second-largest mammal to its catch-and-kill list.
Government contract of BSF Hatch, which turns chicken faeces into animal feed, fertiliser and biofuel, is set to expire at the end of August, even as city faces mounting food waste problem.
Alibaba’s Tmall Luxury Pavilion is the first e-commerce platform to collaborate with major luxury groups such as LVMH, Richemont and Kering, uplifting sales for high-end brands using new digital strategies.
China left benchmark lending rates unchanged on Monday having last week announced ‘historic’ steps to stabilise its crisis-hit property sector.
Iran’s first vice-president, Mohammad Mokhber, could become president in the event of Ebrahim Raisi’s death, according to protocol.
Air strike in Nuseirat, a Palestinian refugee camp in central Gaza, killed 27 people, including 10 women and seven children.
Hong Kong residents fill their shopping trolleys and tummies in Shenzhen while Singaporeans hop across to Johor Bahru as they make the most of cheaper prices, denting the stability of their retail sectors.
Police arrest 15-year-old and 23-year-old after videos emerge of attack on grave of Wong Ka-kui, reportedly fourth vandalism case targeting site in six years.
Wang Yi meets Tajik President Emomali Rahmon in Dushanbe as part of four-day trip to Central Asia, which will include an SCO foreign ministers’ meeting in Astana.
Commerce ministry move targeting EU, US, Japan and Taiwan comes shortly after CCTV-linked social media channel warns of Beijing’s deep toolbox against ‘double standards’ EU probes.
Friday’s attack was among the most serious targeting foreign citizens since foreign forces left and the Taliban took over in 2021/
CNN released a security video showing Combs punching and kicking Cassie, a singer who was his girlfriend when the footage was filmed in 2016. ‘I take full responsibility for my actions in that video,’ the rapper said.
Licensing of Xpeng’s technologies will allow the EV maker to further its research and development efforts and maintain its technological edge, vice-chairman and president Brian Gu says.
The tsuchinoko, a creature resembling a fat snake that you wouldn’t want to anger, is the star of a new film that uses the mythical animal to explore how Japan has changed since the mid-20th century.
Macau leader Ho Iat-seng says Xia Baolong did not talk about matters concerning coming chief executive election during seven-day visit.
New measure should raise Hong Kong’s profile as cruise ship destination and its role in multi-stop itineraries for Greater Bay Area, tourism authorities say.
The private bank has increased its headcount, mainly relationship managers and senior bankers, by 15 per cent this year. It sees Hong Kong, Singapore and Dubai as stepping stones to expand its business.
Official says the plan is to build a control point in Luohu, with co-location arrangements adopted.
Open Questions is a new series of South China Morning Post interviews with global opinion leaders.
In the run-up to William Lai’s inauguration on Monday, reluctance in the military to remove statues of the late leader raises questions about its loyalty.
Lawmakers have questioned rising expenses of ex-leaders amid lack of clarity over roles after leaving office.
Ma, one of the country’s hottest fiction authors, combines thrilling plots with historical detail to create stories that are ‘both exciting and plausible’, winning acclaim as young people embrace cultural heritage and ‘China-chic’ trend.