Hong Kong’s new bounce, 5 years post-national security law

At a major economic forum in Tianjin, experts acknowledged China’s flashy tech advances—like the DeepSeek AI—but argued the real key to long-term prosperity isn’t just out-innovating rivals like the U.S. Instead, economists like Jin Keyu stressed that China needs deep structural reforms to pivot from its export-and-investment model to one fueled by domestic consumer spending. Basically, tech leadership alone won’t make China wealthy unless everyday people start driving growth by spending more.

Editor’s Note: This isn’t just academic chatter—it’s about whether China’s economy can sustainably grow without relying on shaky global demand or debt-fueled infrastructure projects. If China succeeds, it could mean better living standards for its citizens and a more balanced global economy. If it stalls, the world’s second-largest economy might keep hitting growth walls, with ripple effects everywhere.

Qatar is stepping up to help Indonesia tackle its housing crisis with a massive $2.5 billion investment. The money will go toward building 1 million affordable homes over five years, which is a big chunk of President Prabowo Subianto’s goal of 3 million new houses during his term. While the plan sounds promising, pulling it off won’t be easy—land disputes, rising construction costs, and infrastructure headaches could slow things down. Still, it’s a major boost for a country where millions struggle to find decent housing.

Editor’s Note: Affordable housing is a huge challenge in Indonesia, especially in fast-growing cities where demand far outpaces supply. This investment from Qatar could be a game-changer, but the real test will be whether Indonesia can navigate the messy realities of large-scale construction—think red tape, land rights, and making sure these new homes actually connect to roads, schools, and water systems. If it works, it could ease living costs for millions and set a model for other developing countries. If it stumbles, it’ll be another reminder that big promises need even bigger execution.

Labour leader Keir Starmer is backing off from some planned welfare cuts after pushback from within his own party. The compromise means current disability benefit recipients won’t see reductions—only new claimants would be affected. It’s a tactical retreat to avoid a messy internal fight, but it still signals tighter welfare rules ahead.

Editor’s Note: This isn’t just about benefits—it’s a glimpse into Starmer’s balancing act. He’s trying to show fiscal discipline to voters while keeping his party united. For people relying on these payments, the tweak softens the blow, but it also sets a precedent for stricter eligibility down the line. Watch for how this plays into Labour’s broader economic messaging.

NSW Premier Chris Minns is facing questions about why he emphasized the possibility of "terrorism" when announcing a recent caravan-related incident in the state. Meanwhile, Foreign Minister Penny Wong is set to attend a Quad meeting in Washington next week, signaling ongoing diplomatic engagement.

Editor’s Note: The story highlights how political leaders frame public safety announcements—raising eyebrows when terms like "terrorism" are used—while also noting Australia’s continued role in high-level international talks. It’s a reminder that word choices in crises matter, and global alliances remain active behind the headlines.

Japan has executed Takahiro Shiraishi, dubbed the "Twitter killer," by hanging for the brutal murders of nine people—eight women and one man—whose dismembered remains were discovered in his apartment. Shiraishi lured victims through social media, preying on vulnerable individuals.

Editor’s Note: This case shocked Japan and the world, highlighting the dark side of social media as a tool for predators. Shiraishi’s execution underscores Japan’s strict stance on capital punishment, but it also reignites debates about crime prevention, mental health, and whether the death penalty truly serves justice. For families of the victims, it’s a grim closure to a horrifying chapter.