A Chinese idiom says: If you ride a tiger, it’s hard to get off! Since being handed the reins by the Communist Party of China a decade ago, Xi Jinping hasn’t experienced “the year of the tiger” according to the Chinese zodiac. He will be riding into the tiger year this crucial year of 2022. Speculations are running high in China as everyone is asking: does Xi know how to get off a tiger?
Academic Toh Lam Seng traces the history of Japanese politics from its “1955 system” of clear policy difference between the conservatives and reformists to the more recent potato-potahto matches between conservative parties born out of LDP factionalism or splintering. Seen in this light, is the Japanese population really growing more conservative and politicians are merely tapping into this trend, or are the political parties themselves perpetuating an endless cycle of conservatism?
US-based researcher Yu Shiyu notes that the EU seems to have gained greater unity and internal coherence from the stress test of Covid-19. In contrast, the US seems to be more divided and has not found its way around the pandemic as well as its many other domestic issues. What has the EU done right to be able to be a standard setter in the post-pandemic era?
Research analyst Fiona Huang argues that globalisation has a huge part to play in building global financial centres. If basic prerequisites such as close cooperation with regulators and market stability are met, the next-level condition for a flourishing global financial centre is an open attitude towards global capital and culture. How will the changing political milieu around the world today lead to a reshuffle of global financial centres?