Opinion

China’s Decline as a Superpower: Population Decline | Viewpoint

China’s Decline as a Superpower: Population Decline | Viewpoint

China's population, reported to be 1.41 billion, will drop to 330 million by the end of the century, predicts Yi Fuxian of the University of Wisconsin-Madison. This startling conclusion is included in a paper to be published in the Winter 2024 issue of the Contemporary China Review. He's not the only one concerned. "China has embarked on a road of demographic no-return," writes Wang Feng of the University of California, Irvine. Yi puts it this way: "Left unaddressed, China's demographic trap could precipitate a civilizational collapse." Why do we care? Rapid demographic change can push an ambitious China to become even more militant and accelerate dangerous plans. The crisis is plain to see. Yi's stunning 330 million figure assumes that China will be able to stabilize its total fert...

Three inexpensive Chinese favorites of Rakesh Bordia of Pzena

Haier is an Elite Companies AAA rated Hong Kong-listed household appliances maker that Bordia has owned for roughly two years. It is the eighth-largest holding in both his funds. Haier develops, makes and sells appliances ranging from fridges, freezers and TVs to air conditioners and dehumidifiers; it owns the Hoover and Candy brands in select countries and in 2016 paid $5.4bn to buy GE Appliances from the US-based conglomerate. The shares registered on the screens Pzena uses to identify the cheapest available stocks with relatively strong earnings because it was being pummelled by fears around the health of the property market in China. The assumption is that consumers buy new appliances when they move home, and so when the housing market freezes, so too do sales of new fridges and...
India is urged by Bangladesh to extradite former Prime Minister Sheikh Hasina.

India is urged by Bangladesh to extradite former Prime Minister Sheikh Hasina.

Bangladesh's Foreign Ministry on Monday said a formal request had been made to India to have former Prime Minister Sheikh Hasina returned to the country. Relations between the two South Asian neighbors have been fraught since Hasina was toppled amid violent student-led protests against her rule, seeking refuge across the border. What the two sides have saidThe acting head of Bangladesh's Foreign Ministry, Touhid Hossain, said "a note verbale" had been sent to the Indian government saying that "the Bangladesh government wants her [Hasina] back here for judicial process." Hossain did not elaborate on the judicial process, but Hasina was last month summoned to appear in court in Dhaka to face charges of "massacres, killings, and crimes against humanity." Hasina fled Bangladesh by...
Will Trump encourage the global south to align itself with China?

Will Trump encourage the global south to align itself with China?

By combining economic inducements, institutional advocacy and climate leadership into a cohesive strategy, China has positioned itself as both a partner and a leader within the global south, says US academic John Calabrese. As Donald Trump and his “America First” approach return to the world stage, will China’s alternative leadership be more appealing?China’s strategic focus on the global south has become a cornerstone of its foreign policy under Xi Jinping, reflecting Beijing’s ambition to challenge US dominance and reshape the international order. By positioning itself as both a partner and leader among developing nations, China seeks to amplify its influence in regions traditionally sidelined in global power dynamics. At the G20 summit in November, Xi introduced new measures aimed a
Sheikh Hasina’s flight to Delhi has worsened relations between Bangladesh and India.

Sheikh Hasina’s flight to Delhi has worsened relations between Bangladesh and India.

For decades, Muslim-majority Bangladesh and Hindu-majority India enjoyed close ties. But earlier this year, the relationship began to fray. What started as peaceful student protests against civil service job quotas morphed into a nationwide movement to force out Bangladesh's authoritarian prime minister Sheikh Hasina. The protests, which have been described as the "world's first Gen Z revolution", resulted in her fleeing in a helicopter — and into exile in Delhi. In the following months, the arrest of a revered Hindu leader in Bangladesh and a mob attack on a consulate in India have fuelled anger between the two countries. Now, the relationship between these South Asian giants is at a low ebb and religious tensions are high. 'Violence is our enemy'Under the heavy-handed
Sheikh Hasina’s flight to Delhi has worsened relations between Bangladesh and India.

Sheikh Hasina’s flight to Delhi has worsened relations between Bangladesh and India.

For decades, Muslim-majority Bangladesh and Hindu-majority India enjoyed close ties. But earlier this year, the relationship began to fray. What started as peaceful student protests against civil service job quotas morphed into a nationwide movement to force out Bangladesh's authoritarian prime minister Sheikh Hasina. The protests, which have been described as the "world's first Gen Z revolution", resulted in her fleeing in a helicopter — and into exile in Delhi. In the following months, the arrest of a revered Hindu leader in Bangladesh and a mob attack on a consulate in India have fuelled anger between the two countries. Now, the relationship between these South Asian giants is at a low ebb and religious tensions are high. 'Violence is our enemy'Under the heavy-handed
As it turned out, Xi puts forth four criteria for Macau and Hong Kong to continue to flourish.

As it turned out, Xi puts forth four criteria for Macau and Hong Kong to continue to flourish.

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Get faster notifications on the latest updates by downloading our app.Macau is celebrating the 25th anniversary of its return to Chinese administration on Friday, with President Xi Jinping inaugurating the sixth-term government in the former Portuguese-run city.Xi has officiated at the swearing-in of former top judge Sam Hou-fai as the city’s new leader and 10 top officials at the Macau East Asian Games Dome. The new administration has vowed to diversify the local economy and solve deep-seated problems through reforms.The Post has created a series of reports, detailing Macau’s dramatic transformation through infographics, examining how far the casino c
Scientists in the US prepare for the impending government closure

Scientists in the US prepare for the impending government closure

Acting at the eleventh hour, Congress avoided a U.S. government shutdown by passing a continuing resolution that funds the government through mid-March 2025. Lawmakers will try again to complete the 12 bills that set spending levels for the 2025 fiscal year that began on 1 October when the new, 119th Congress convenes on 3 January.It’s déjà vu all over again. The U.S. research community is holding its breath after the abrupt collapse last night of a bipartisan deal to avoid a government shutdown on 21 December. If Congress fails to reach an agreement in the next few days, federal research agencies would have to suspend most operations, staff would be sent home, websites frozen, meetings postponed, training disrupted, and research projects halted. Depending on how long a pause lasts, in
The government of Singapore is committed to maintaining hawker centers.

The government of Singapore is committed to maintaining hawker centers.

Welfare is “a dirty word” in Singapore—or so a past prime minister, Lee Hsien Loong, once approvingly declared. What the city-state prizes, he explained, was not handouts, but self-reliance. Workers do not receive a state pension, but pay instead into individual retirement accounts. Health care, too, must be purchased from mandatory savings, not dispensed by a spendthrift state. There is no minimum wage, and no subsidies for staples such as rice or electricity. Oddly, though, there is one aspect of everyday life that almost no other governments get involved in but that the Singaporean authorities are not willing to leave to the vicissitudes of the market: eating out.
Xi defeated formidable military adversaries. He is now pursuing his own soldiers.

Xi defeated formidable military adversaries. He is now pursuing his own soldiers.

Analysis - In the early years of Xi Jinping's war on corruption, the Chinese leader consolidated control over the world's largest military by taking down powerful generals from rival factions and replacing them with allies and proteges loyal to himself. A decade on, having given the People's Liberation Army (PLA) a structural overhaul and stacked its top ranks with his own men, the supreme leader is still knee-deep in his seemingly endless struggle against graft and disloyalty. And, like many strongman leaders in history, he is increasingly turning against his own handpicked loyalists. Late last month, Xi purged one of his closest proteges in the military - a decades-old associate entrusted with instilling political loyalty in the PLA and vetting senior promotions. Adm. Miao H...
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