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World Bank

Opinion | The seeds of Deng Xiaoping’s legacy have yielded remarkable progress

by Walter Watson
Opinion | The seeds of Deng Xiaoping’s legacy have yielded remarkable progress

This week marks the 120th birthday of Deng Xiaoping, architect of China’s reform and opening up. It is also a major milestone in commemorating his contributions to China’s rejuvenation. China’s …

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Ogun earns N1 billion revenue from rice production in three months

by Ron Morgan
Ogun earns N1 billion revenue from rice production in three months

The Ogun State Government has announced a revenue of N1 billion from its rice revolution project over three months. The State Governor, Dapo Abiodun, disclosed this on Monday, 19 August, …

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Opinion | Why World Bank action on looming jobs crisis points to a better way

by Anas Siddiqui
Opinion | Why World Bank action on looming jobs crisis points to a better way

During the next 10 years, the bank suggests, an unprecedented 1.2 billion young people in the Global South will become working-age adults. Meanwhile, the job market is only expected to …

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Hong Kong to host city’s largest Asia-focused green finance training event with 300 guests

by Anas Siddiqui
Hong Kong to host city’s largest Asia-focused green finance training event with 300 guests

“Hong Kong, an international finance centre, is also a knowledge hub,” said Ma Jun, chairman of co-host Capacity-building Alliance for Sustainable Investment (CASI). “The CASI event will bring together over …

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Opinion | As Asian discontent grows, will it take a world war to reform the IMF?

by Walter Watson
Opinion | As Asian discontent grows, will it take a world war to reform the IMF?

Or as former Bank of England governor Sir Mervyn King wrote in his book, The End of Alchemy: “The world of Bretton Woods passed away a long while ago, and …

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Opinion | Why Pinduoduo’s surprise growth may not be good news for China’s economy

by Walter Watson
Opinion | Why Pinduoduo’s surprise growth may not be good news for China’s economy

Last month, Pinduoduo (PDD) reported surprisingly strong first-quarter results, with group revenue reaching 86.81 billion yuan (US$12 billion), exceeding Wall Street analysts’ estimate of 75.66 billion yuan. Net profit also …

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Saudi Arabia unshackled: rapid societal change draws Malaysia, Indonesia parallels

by Walter Watson
Saudi Arabia unshackled: rapid societal change draws Malaysia, Indonesia parallels

Women’s participation in the workforce reached 36 per cent last year, nearly double the figure in 2016, as the relaxation of guardianship laws has meant women aged 21 or older …

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In Laos, Southeast Asia’s highest inflation forces some to flee, others to get creative

by Walter Watson
In Laos, Southeast Asia’s highest inflation forces some to flee, others to get creative

Highly dependent on imports, the Southeast Asian nation has seen prices for basic necessities, from food to transport, surge. Those paid in kip are suffering most, as their incomes fail …

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China ‘not in the business of haircuts’ as Zimbabwe asks for debt reduction from creditors

by Ron Morgan
China ‘not in the business of haircuts’ as Zimbabwe asks for debt reduction from creditors

“Zimbabwe is currently in debt distress due to the accumulation of external debt payment arrears amounting to US$6.7 billion,” Ncube said. “The external debt overhang is weighing heavily on the …

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Opinion | The sceptics say Hong Kong is over. China’s trajectory says otherwise

by Walter Watson
Opinion | The sceptics say Hong Kong is over. China’s trajectory says otherwise

In fact, measured by purchasing power parity (PPP), China is already the world’s largest economy. This method is straightforward. For instance, if a hamburger is selling in Shanghai for 20 …

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