Hong Kong reels from deadliest fire in decades

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ms Wong, a 68-year-old retired Hongkonger, was getting ready for her afternoon nap when two firefighters banged on the door of her high-rise flat, warning her of a blaze on the lower floors. “I looked out of the window and saw smoke. I was so scared I left with them immediately. I didn’t even take anything with me. Rushing down 25 floors almost killed me. But thanks to them I…

11 killed, 2 hurt after test train crashes into workers in southwestern China

A test train crashed into railway workers in China’s southwestern Yunnan province early on Thursday morning, killing 11 people and injuring two, state media said. The test train No 55537, which was used to test seismic equipment, collided with construction workers entering the railway line on a curve at Luoyangzhen Station in Kunming, the capital of Yunnan, according to state broadcaster CCTV. Railway and local government authorities immediately activated their emergency response to manage rescue efforts after the incident. Station operations had since resumed, and the injured were receiving medical…

Ex-UC Berkeley scientist’s death aged 44 highlights toll on Chinese researchers

A Chinese biomedical researcher whose academic trajectory included years at the University of California, Berkeley, and collaborations with pioneering chemical engineers has died at the age of 44. Xie Hongxue, who had been working as a lecturer for nearly five years at the school of materials science and engineering at West Anhui University, a small regional college in central China, died in Wuhan on November 16 from an unnamed illness, according to Shanghai-based news site ThePaper.cn. Xie’s journey reflects a growing paradox in Chinese higher education. Despite elite overseas training…

Trump reportedly urged Japan’s PM to avoid further escalations in dispute with China

Donald Trump asked the Japanese prime minister, Sanae Takaichi, to avoid further escalation in a dispute with China during a call this week, according to two Japanese government sources who spoke to the Reuters news agency. Takaichi sparked the biggest diplomatic bust-up with Beijing in years when she told parliament earlier this month that a hypothetical Chinese attack on Taiwan could trigger Japanese military action. Her words drew a furious response from Beijing – which claims democratically governed Taiwan – and demanded Takaichi retract her remarks, which to date she…

Corrupt Chinese officials hold sham votes to approve projects, state media warns

A report published on Wednesday highlighted examples of behind-the-scenes manipulation where subordinates were told how to vote in advance, and of collusion between corrupt officials or sham public consultations. “In recent years, to standardise collective decision-making, systematic procedures and requirements were introduced in many places, including mandating public hearings and transparency mechanisms for matters closely related to the public interest,” the report by Banyuetan, a magazine run by state news agency Xinhua, said. Advertisement “However, these rules and procedures are either ignored or deliberately bent in some individuals’ hands.” Advertisement…

Elite success stories are cold comfort for disillusioned young workers

On the 32nd anniversary of New Oriental, a private Beijing-based education services provider, the company’s founder, Yu Minhong, wrote an internal letter to his staff about his trip to the South Pole. “I am standing in the icy world of Antarctica, surrounded by vast expanses of pure white, emerald-like icebergs and boundless tranquillity,” he wrote. “The glaciers shimmer with a captivating glow under the sunlight, as if to silently declare the power of time and the meaning of perseverance.” He went on to reminisce about his difficult journey from the…

Fire in Hong Kong apartment complex leaves 44 dead and 279 missing

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. <div data-o-component="o-expander" class="o-expander o-expander__info-box" data-o-expander-shrink-to="hidden" data-trackable="clip-info-box" data-o-expander-collapsed-toggle-text="Show video info” data-o-expander-expanded-toggle-text=”Hide video info“>Show video info A massive fire that tore through several large apartment buildings in Hong Kong has killed 44 people, while 279 are still missing, the city’s authorities said. Hundreds of firefighters were working to control the blaze in Hong Kong’s northern Tai Po district on Thursday, with 45 people in hospital in a serious condition. Police on Thursday…

Japan needs to end its dangerous debt delusion

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a senior fellow at the Brookings Institution, former chief economist at Institute of International Finance and chief FX strategist at Goldman Sachs Japan has long had an astronomical level of government debt. Yet government bond yields have been low for much of the past decade, which has given rise to the dangerous delusion that all this debt isn’t a problem. Japan’s recently announced fiscal stimulus, which new…

Forty-four dead and 279 missing in Hong Kong apartment complex fire

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. <div data-o-component="o-expander" class="o-expander o-expander__info-box" data-o-expander-shrink-to="hidden" data-trackable="clip-info-box" data-o-expander-collapsed-toggle-text="Show video info” data-o-expander-expanded-toggle-text=”Hide video info“>Show video info A massive fire that tore through several large apartment buildings in Hong Kong has killed 44 people, while 279 are still missing, the city’s authorities said. Hundreds of firefighters were working to control the blaze in Hong Kong’s northern Tai Po district on Thursday morning local time, with 45 people in hospital in a serious condition.…

In its year under Malaysia, Asean tried to set systemic reform in motion

The dust has yet to settle despite the conclusion of the 47th Asean Summit under Malaysia, which remains the chair of the Association of Southeast Asian Nations for the remainder of the year. There are two main takeaways from the Kuala Lumpur meetings. First, by most objective measures, Malaysia has successfully pulled off not only the summit but its year-long chairmanship, steering several initiatives long in the making past the finish line. One of the most consequential is the formal admission of East Timor to Asean after 14 grinding years…