Asia Times Weekly Newsletter

 

View this email in your browser Our Best Read Stories of the Week US is chasing China’s tail on 5G By David P. Goldman Chinese manufacturers have installed about 5,000 private 5G networks and will add tens of thousands more this year as 5G broadband enables Fourth Industrial Revolution applications. “It doesn’t make any sense for the West to pour billions of dollars into alternatives to China’s 5G technology,” one Chinese executive told Asia Times. Pakistan begs China for power debt forgiveness By FM Shakil Pakistan’s debt problems are escalating as liabilities due on China-funded energy projects established under the China-Pakistan Economic Corridor (CPEC) surpass $31 billion and Beijing declines to restructure $3 billion in liabilities coming due that Islamabad possibly won’t pay. Subscribe to Asia Times’ flagship regional newsletter for the latest reporting, commentary, and analysis from across Southeast Asia. Wuhan lab-leak theory is back with consequences By Denny Roy Chinese government laboratory in Wuhan is gaining renewed attention. On May 11, celebrated US immunologist Dr Anthony Fauci publicly suggested that the lab-leak theory is plausible, a shift from his 2020 opinion that the theory lacked credibility. Malaysia teeters on edge of Covid-19 catastrophe By Nile Bowie Malaysia’s health crisis is taking a turn for the worst as new Covid-19 cases rise exponentially, a viral surge that as a percentage of the population is now higher than India’s daily infection rate. The Muslim-majority nation has seen a dramatic five-fold rise in cases since the beginning of the year and consecutive days of record-high daily caseloads. A bipolar currency order is closer than you think By William Pesek Part of the yuan’s 10.5% gain over the last 12 months is a mechanical response to a weakening dollar. The yuan could now be near the top of the trade-weighted range that Beijing is comfortable with. The Chinese leadership’s rising tolerance for a strong yuan suggest it could soon rival the US greenback as a global reserve currency. Mach 30 ‘tunnel’ will put China decades ahead By Dave Makichuk Imagine a wind tunnel, capable of simulating flights at Mach 30 — that’s 23,000 mph, or, 30 times the speed of sound. It may sound like science fiction, but in fact, China has built a hypersonic wind tunnel in Beijing which could put the superpower decades ahead of the West. Of course, the technology is also hugely important when it comes to weapons. A380 was a Super Jumbo ‘mistake’: CEO By Dave Makichuk Nothing like a US$445.6 million mistake to make a CEO cry in his coffee. Qatar Airways CEO Akbar Al Baker said this week the Airbus A380 — one of the most expensive and lavish airplanes ever built — has no future in the company’s fleet. “The biggest mistake we made was the purchase of Airbus A380s,” said the executive in a recent webinar. Biden’s China obsession could be the undoing of America By George Koo It’s hard to tell if US President Joe Biden’s position on China is his true conviction or he’s just going along with the heavy anti-China sentiment in Washington, but his China team has made it official now: no more engagement with China, just competition from here on. No, all indications point to all-out, below-the-belt, eye-gouging, anything-goes tactics. From Asia Times' Opinion section Biden blinked, Putin won Stark contradiction at root of US-China conflict US-China relations will not be flushed down the toilet Why we need to democratize wealth   Copyright © 2021 Asia Times, All rights reserved. You are receiving this email because you signed up for The Daily Report at https://www.asiatimes.com Our mailing address is: Asia Times Suite 203, Kin Wing Commercial Building  24-30 Kin Wing Street Tuen Mun, NT Hong Kong Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

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