Members of a World Health Organisation coronavirus expert investigation group gather in Wuhan last month. Photo: DPA
The coronavirus is everyone’s problem. Neither markets nor governments can handle this on their own
This crisis is truly different. The pandemic has exposed the myth of false binaries – that complex modern problems can be solved by either purist markets or governments. A state-market-civil society cooperation is the only viable way forward
Andrew Sheng is a former central banker and financial regulator, currently distinguished fellow at the Asia Global Institute, University of Hong Kong. He writes widely on Asian perspectives on global issues, with columns in Project Syndicate, Asia News Network and Caijing/Caixin magazines. His latest book is “Shadow Banking in China”, co-authored with Ng Chow Soon, published by Wiley.