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As for monetary policy, the policy stance can remain accommodative in much of the region given that inflation is generally still muted. Nonetheless, central banks should be vigilant, since our analysis suggests that much of the undershooting of inflation targets in Asia has been explained by temporary, global factors, such as commodity prices and imported inflation, which could reverse.

As do all emerging powers, China undoubtedly is feeling its way, learning as it goes about the best ways to project its economic power and culture beyond its borders. But it is making enormous efforts, and it can be a great force for progress.

As an incubatee at Hong Kong Science Park, Arwin hopes the government can facilitate better business matching for startups by knowing startups’ technical capabilities and business needs simultaneously.

As air pollution hits many Chinese cities, education departments in some areas have taken action to promote air purifiers at schools in recent years.

As a renowned treasure trove of ancient murals and sculptures and a UNESCO World Heritage Site, the Mogao Grottoes, which are the epitome of Dunhuang culture, present thousand years of Chinese history in various fields, including art, Buddhism and music.