6 Contents The Economist May 28th 2022
PEFC/1633
Registered as a newspaper. © 2022 The Economist NewspaperLimited.Allrightsreserved.Neitherthispublicationnoranypartofit maybereproduced,storedina retrievalsystem,ortransmittedinanyformorbyanymeans,electronic,
mechanical, photocopying, recording or otherwise, without the prior permission of The Economist Newspaper Limited. Published every week, except for a yearend double issue, by The Economist Newspaper Limited. The Economistis a
registered trademark of The Economist Newspaper Limited. Printed by Walstead Peterborough Limited
PublishedsinceSeptember 1843
totakepartin“aseverecontestbetween
intelligence, which presses forward,
and an unworthy, timid ignorance
obstructing our progress.”
Editorial offices in London and also:
Amsterdam, Beijing, Berlin, Brussels, Chicago,
Dakar, Dallas, Dubai, Johannesburg, Madrid,
Mexico City, Moscow, Mumbai, New Delhi, New
York, Paris, San Francisco, São Paulo, Seoul,
Shanghai, Singapore, Tokyo, Washington DC
Subscriptionservice
For our full range of subscription offers, including
digital only or print and digital bundled, visit:
Economist.com /offers
If you are experiencing problems when trying to
subscribe, please visit our Help pages at:
http://www.economist.com /help
for troubleshooting advice.
To manage your account online, please visit
my.economist.com where you can also access
our live chat service which is available 24/7.
To call us, contact our dedicated service centre
on 00800 771 12711 or +44 (0)203 868 6843.
PEFC certified
This copy of The Economist
is printed on paper sourced
from sustainably managed
forests certified by PEFC
http://www.pefc.org
Volume 443 Number 9298
Asia
47 Taiwan’s chip worries
48 America and South Korea
49 Thai politics
49 Indonesian songbirds
50 Australia’s election
50 Indian exams
51 BanyanAbe’s Japan
China
52 Rumours about Xi
53 A leak from Xinjiang
53 Youth unemployment
54 Crooked bankers
55 ChaguanThe
intergenerational divide
International
56 Sanctions-busters
beware
Business
58 Switzerland’s business
bonanza
60 A dispatch from Davos
60 Broadening Broadcom
61 BartlebySmall gestures
62 A plant-based food fight
63 Schumpeterbasf’s
gas troubles
Finance&economics
64 Chinese markets
65 Biden’s Asian deal
66 Wall Street loves housing
67 Battered bonds
67 Carbon markets
70 Free exchangeTrading
with the frenemy
Science&technology
71 Searching for et
73 The Kharkiv gene bank
74 An outbreak of
monkeypox
Culture
75 The birth of civilisation
76 Scent and sensibility
77 The dark allure of Naples
78 An ode to the bicycle
78 Pirates ahoy!
79 Back Story “Top Gun”
flies again
Economic&financialindicators
80 Statistics on 42 economies
Graphicdetail
81 Stimulus cheques buoyed retail investors’ favourite stocks
Obituary
82 Lawrence MacEwen, laird of Muck