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Macroscope
The SpaceX Starship and super heavy booster creates sound waves as it lifts off on its 12th test flight from the SpaceX launch complex in Starbase, Texas, US, on May 22. Photo: Reuters
Technology

Opinion | For SpaceX, global dominance may not be written in the stars

Space is not an ordinary, commercial, open market but a strategic domain tied directly to sovereignty, security and industrial policy.

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Banking & finance

Macroscope | Why bond yields are going up everywhere

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Asean

Opinion | Why the Philippines walks a delicate balance as Asean chair

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Middle East

Outside In | How Trump’s war on Iran is jeopardising Asia’s remittance lifeline

In Gulf economies, lost migrant jobs and remittances risk plunging millions across Asia into crisis.

Workers take a break with the city skyline of Dubai seen in the background on March 11. Photo: AFP
Workers take a break with the city skyline of Dubai seen in the background on March 11. Photo: AFP
US-China relations

Opinion | TV coverage of Trump’s visit showed Americans how ordinary Chinese live

If the Xi-Trump summit gave Americans a clearer picture of contemporary China, that may prove to be one of its more enduring achievements.

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Diplomacy

Opinion | Heroics will only turn middle power dreams into nightmares

Successful middle powers do not defy systemic pressures but recognise structural change early enough to avoid becoming trapped.

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Diplomacy

Opinion | 3 paths to stability in a conflict-ridden world

History moves in cycles, and today’s turbulence will settle into a new order. Will the US reassert dominance, China emerge as the leader, or will we see a world with two centres?

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Illustration: Craig Stephens
Illustration: Craig Stephens
Stocks

Macroscope | Why commodities could be the next big thing in markets

Investors’ desire for firms with ‘heavy assets, low obsolescence’ has turned the spotlight on commodities, a sector starved of capital.

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Diplomacy

Opinion | China’s weaving of a web of ties makes it a diplomatic superpower

For China, cooperation doesn’t follow from pre-existing interests; it’s what shapes ties. And this relational web is increasingly visible.

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US-China tech war

Opinion | Why America’s AI firms are hedging when it comes to China

Anthropic and other US AI firms pushing to tighten controls on China while wooing China-adjacent markets shows they’re hedging their bets.

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Anthropic, the creator of the Claude AI, has disclosed US$1.56 million in federal lobbying while calling for the United States to establish a 12-to-24-month lead in frontier artificial intelligence. Photo: dpa
Diplomacy

Opinion | The 4 trilateral frameworks defining northeast Asia future

As great-power bargaining between the US, China and Russia collides with three regional triangles, finding a balance will be key to managing competition.

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Illustration: Craig Stephens
Illustration: Craig Stephens
United States

As I see it | Trump makes everything worse but he didn’t start it

Essays from over a decade ago show that America’s institutional decay and populist revolt predate the current US president’s rise to power.

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US-China relations

The View | In Beijing, the US and China tiptoed around tech and critical minerals

Summit addressed the top and bottom layers – geopolitical framing and trade mechanics – but left the strategic middle layer largely implicit.

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US-China relations

Opinion | How the US and China can ensure their board of trade is effective

Both sides need to learn from past failures, agree on a mandate and appoint officials with the clout to push decisions.

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Illustration: Craig Stephens
Diplomacy

Opinion | Trump, Putin summits show an Eastward power shift

Beijing is signalling confidence and shaping the tempo of the China-US-Russia triangle – in which it is central.

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Illustration: Craig Stephens
Illustration: Craig Stephens
Diplomacy

Opinion | Serbia can help build bridges between Europe and China

Serbia’s experience proves that cooperation with China brings concrete benefits to ordinary people, workers and families.

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Hong Kong

Opinion | In a fractured world, Hong Kong must seize its Apec moment

The city will host the finance ministers’ meeting in October. It could seize the day and deepen cooperation with like-minded cities.

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Banking & finance

Macroscope | Can Europe and Asia break the grip of US bond markets?

Too much money is chasing too few investment opportunities. Unified bond markets in Europe and Asia could offer safe options for savings to flow into.

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A man walks past an electronic board displaying 10-year Japanese government bonds, an index of long-term interest rates in the Tokyo bond market and the foreign exchange rate of the Japanese yen against the US dollar along a street in Tokyo on May 18. Photo: AFP
A man walks past an electronic board displaying 10-year Japanese government bonds, an index of long-term interest rates in the Tokyo bond market and the foreign exchange rate of the Japanese yen against the US dollar along a street in Tokyo on May 18. Photo: AFP
Stocks

Opinion | Investors in AI-driven bubble risk forgetting painful lessons

AI-driven stock market hype is not independent of what is happening in the rest of the economy.

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War and conflict

As I see it | How China wins by avoiding war

Trump, Putin and Netanyahu have all gone to war to prove how strong and powerful they are. The results should give any strongman pause.

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US-China relations

Opinion | Xi-Trump summit a triumph for China

The future of the relationship is likely to be unscripted and messy at times, even full of friction, yet somehow maintaining a rhythm.

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Illustration: Craig Stephens
US-China relations

Opinion | Boeing went to China to sell planes. Beijing is buying something else

China’s demand for passenger jets is genuine – but so is its aim to build a commercially credible aviation industry.

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US President Donald Trump disembarks from Air Force One on May 13 at Beijing Capital International Airport. Photo: AP
US President Donald Trump disembarks from Air Force One on May 13 at Beijing Capital International Airport. Photo: AP
War and conflict

Opinion | Not even a quick end to Iran war can save AI stock bubble now

Rising prices are draining the liquidity from financial markets, including bonds. The AI stock bubble is ripe for bursting.

Diplomacy

Opinion | What Putin, Trump summits say about China’s role in world affairs

Beijing’s desire for systemic stability guides its relations with Moscow and Washington, making it central to global mediation.

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US-China relations

Opinion | US and China must talk to manage dangers of AI contest in a nuclear age

The coexistence of the nuclear age with the AI age is a cocktail for unprecedented existential danger. Engagement, not decoupling, is needed.

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Illustration: Craig Stephens
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