Xi’s next crackdown is on local government debt

As China watchers try to get their heads around the myriad policy shifts at this week’s National People’s Congress (NPC), at least one thing is clear: the bubble just burst for local governments around the nation. In the decade-plus since the 2008-2009 global financial crisis, municipalities engaged in a historic borrowing binge. And in the […]Continue Reading

Corruption tables turn on Muhyiddin in Malaysia

SINGAPORE – Former prime minister Muhyiddin Yassin is the latest Malaysian politician to face legal trouble and potential jail time after a court in Kuala Lumpur charged him with graft and embezzlement on March 10, a day after authorities arrested and questioned him over the alleged misuse of funds from a Covid-19 stimulus initiative. The […]Continue Reading