TOKYO/HONG KONG — China’s move to tighten its grip over Hong Kong is rocking the semi-autonomous Chinese city. Investment by foreign countries to and from Hong Kong totals $4 trillion, or more than half of the investment between China and other countries. If this flow is disrupted due to destabilization, […]
turmoil
Hong Kong politicos show loyalty to China even as city in turmoil
In the last week of May, the Hong Kong delegation to the Chinese People’s Political Consultative Committee and the National People’s Congress, the country’s annual gatherings of its political elite, made its way to Beijing by bus across the border. They then boarded chartered Air China flights to the capital, […]
Virgin collapse hints at further turmoil facing Asian airlines
TOKYO — The collapse of domestic and international carrier Virgin Australia could be just the start of a radical reorganisation facing Asia’s aviation sector in the wake of the devastating coronavirus crisis. As border controls continue to tighten worldwide, a number of Asian carriers are scaling back expansion plans and […]
New employment ‘ice age’ feared in Japan from virus turmoil
OSAKA — The economic upheaval caused by the coronavirus pandemic risks creating another lost generation of young Japanese job seekers graduating into a deeply scarred economy. The survivors of Japan’s employment “ice age” of the 1990s and early 2000s, many of them still frozen out of the regular job market, […]