Jim O’Neill, former Goldman Sachs chief economist Adrian Dennis | AFP | Getty Images Compared to many countries, China has rolled out little additional support for its economy that’s been hit by the coronavirus pandemic, said former Goldman Sachs chief economist, Jim O’Neill. “It is striking when you look at China’s contrast to so many other countries in the rest of the world so far, how little fiscal expansion China has introduced,” O’Neill, now the chair of U.K. think tank Chatham House,...

watch now Opposition politicians in Hong Kong have spoken up against Beijing’s proposed national security law for the city, claiming that it violates China’s “promise” of autonomy and freedom to the Hong Kong people. “I think we’re talking from a very anxious, angry and frightened Hong Kong,” said Emily Lau, a former Democratic Party member of the Hong Kong Legislative Council. “The big companies are also very nervous, their investors are nervous because Beijing is going to crack down on Hong...

Singapore skyline on March 24, 2020 in Singapore. Singapore will not allow short term visitors to enter or transit through the country from Mar. 24 to contain the spread of the infection. Suhaimi Abdullah | Getty Images Singapore drastically downgraded its economic forecast for 2020 after its coronavirus-hit economy contracted in the first quarter of the year, official data showed on Tuesday. The Singapore economy is now expected to shrink by between 4.0% and 7.0% this year, according to the...

The national flags of the U.S. and China waving outside a building. Teh Eng Koon | AFP via Getty Images Relations between the U.S. and China — the world’s top two economies — look set to worsen, and the endgame is a “lose-lose” situation for both sides, said a political science professor from Harvard University. That comes as leaders from the two countries — U.S. President Donald Trump and Chinese President Xi Jinping — seek to maintain control domestically as the coronavirus pandemic ravages...

A man wearing a face mask walks past a mural in Chinatown in Singapore on April 1, 2020. Roslan Rahman | AFP | Getty Images Singapore’s government on Tuesday announced another 33 billion Singapore dollars ($23.2 billion) to support its economy which has been severely hit by the coronavirus pandemic. That’s the fourth stimulus package that the Southeast Asian country has announced since the outbreak. It came after Singapore’s Ministry of Trade and Industry slashed its forecasts for gross...