China’s moderate growth in the second quarter of 2021 is raising concerns about the continent’s recovery from the pandemic as the Delta variant spreads. Japan will host Olympic events without audience, and there is nevertheless widespread concern over the Delta variant. Malaysia’s hospital system is collapsing. APEC is discussing vaccine supplies to face this outbreak.
In the meantime, China has snubbed the US deputy secretary of state. In reply, the US has warned its businesses of the risks of operating in Hong Kong. Across in India, rising inflation is adding to the country’s economic woes.
In the climate domain, the Bank of Japan is offering zero-interest loans to banks investing in CO2 emissions reduction, while China has finally launched a domestic carbon market scheme – considered too limited by scientists to have a meaningful impact.