An empty passenger plane lifted off from Shanghai’s international airport on an overcast, windy afternoon in May. Flown by five test pilots in orange jumpsuits, it coasted above the Yangtze River Delta for about an hour before reversing and landing back in Pudong.
That flight to nowhere, albeit brief, was symbolic. As the first locally built large passenger aircraft, the successful test of the C919 marked a significant milestone in China’s economic transformation as it tries to upgrade its manufacturing capabilities while getting rid of overcapacity and inefficiencies.
By Edward Lee (Head, ASEAN Economic Research Standard Chartered Bank) and Jonathan Koh (Economist, Asia Standard Chartered Bank, Singapore Branch)
Standard Chartered Bank is raising its 2017 GDP growth forecast for Malaysia to 5.4% from 4.6%.
This reflects strong H1 growth of 5.7%, although we still expect growth to ease in H2. Two key areas positively surprised us in the H1 data: (1) the resilience of private consumption, which rose close to 7% y/y; and (2) private investment, which increased 10% y/y.
By Chester Wisniewski, Principal Research Scientist, Sophos.
Just a few days ago, Google users were hit with an extremely convincing and sophisticated attack.
This has garnered a lot of attention where most of the headlines are calling this a phishing scam, when, in fact, it is not. According to Chester Wisniewski from Sophos, it is an attack on Google’s APIs. To clarify and provide a voice of reason, we’ve got the below commentary, to be attributed to Chester Wisniewski, Principal Research Scientist, Sophos.