Financial Secretary Paul Chan Mo-po speaks at the World Economic Forum annual meeting in Davos, Switzerland, on January 21. Photo: Handout

    Opinion | Hong Kong’s budget should move the city towards ‘inspirational’ development

    At this time of year, Financial Secretary Paul Chan Mo-po’s top priority is finalising the Hong Kong government’s budget for 2026-27, balancing requests for incentives and welfare against calls for a return to fiscal prudence. For decades, budget speeches have followed a familiar structure: a review of past performance, near- and medium-term forecasts, support measures…

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    China has left America behind in electricity generation, says Paul Krugman; and adds how Donald Trump’s policies guarantee that the US will never catch up

    China has left America behind in electricity generation, says Paul Krugman; and adds how Donald Trump’s policies guarantee that the US will never catch up

    US President Donald Trump China now generates more than twice as much electricity as the United States, solidifying its position as the world’s leading economic powerhouse, according to economist Paul Krugman. Writing this week, Krugman noted that China’s economy has surpassed America’s in real terms when measured at purchasing power parity, highlighting the growing gap…

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