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Contents  内容

On the cover  在封面上

The stunning decline of boy preference: leader, page g. Parents in developing countries are losing their bias towards baby boys even as the rich world starts to favour girls: briefing, page 16
男孩偏好的惊人下降:领导者,第 g 页。发展中国家的父母正在失去对男婴的偏见,尽管富裕世界开始偏爱女孩:简报,第 16 页
Warfare after Ukraine’s Russian raid The story of an attack, page 46. Britain’s strategic defence review highlights Europe’s challenge-lots of smart thinking, not enough money: leader, page 10, and analysis, page 49. The German exception, page 44. Ideology and lavish payments are keeping Russian lines supplied with cannon fodder, page 52
乌克兰俄罗斯突袭后的战争 袭击的故事,第 46 页。英国的战略防御评论强调了欧洲的挑战——聪明的思维很多,但资金不足:领导者,第 10 页,和分析,第 49 页。《德国的例外》,第 44 页。意识形态和奢侈的支付使俄罗斯的线路成为炮灰,第 52 页
America taxes foreign investors A policy that could do even more harm than tariffs: leader, page 10. Who might pay the “revenge tax” on foreigners? Page 65. How tariffs have affected American inflation, page 66. Do Americans consume too much? Page 63
美国对外国投资者征税 一项可能比关税造成更大危害的政策:领导者,第 10 页。谁可以向外国人支付“报复税”?第 65 页。关税如何影响美国通货膨胀,第 66 页。美国人消费太多了吗?第 63 页

Murdoch Inc: feuding, but
默多克公司:不和,但

thriving Even as the media’s first family shred each other in court, their empire is doing unexpectedly well, page 55
欣欣向荣 即使媒体的第一个家庭在法庭上互相撕碎,他们的帝国却出乎意料地好,第 55 页
The year’s best books so far When you recline by the swimming pool this summer, pick up something good to read, page 74
今年迄今为止最好的书 今年夏天当你斜靠在游泳池边时,拿起一些好书,第 74 页

rarr\rightarrow The digital element of your subscription means that you can search our archive, read all of our daily journalism, listen to podcasts and watch videos on our app or website.
rarr\rightarrow 您订阅的数字元素意味着您可以在我们的应用程序或网站上搜索我们的档案、阅读我们所有的每日新闻、收听播客和观看视频。

The world this week
本周世界

7 A summary of political and business news
7 政商新闻摘要

Leaders  领导人

9 Demography Phew, it’s a girl!
9 人口统计学 呼,是个女孩!

10 America’s budget Capital pains
10 美国预算 资本之痛

10 Defence in Europe
第 10 章欧洲的国防

Lessons from Ukraine  乌克兰的经验教训

11 Myanmar  11 缅甸

Asia’s forgotten hellscape
亚洲被遗忘的地狱景观

12 Rwanda  12 卢旺达

A strongman’s gamble  强人的赌博

Letters  函件

14 On why crime is falling, Oasis’s loud music, Generation X, Mark
14 关于犯罪率下降的原因,Oasis 的喧闹音乐,X 世代,马克

Twain and chessboxing  吐温和国际象棋拳击

By Invitation  通过邀请

15 Baiba Braže on how to deal with Russia
15 Baiba Braže 谈如何与俄罗斯打交道

Briefing  简报

16 The fairer sex
16 更公平的性别

Preferring girls to boys
更喜欢女孩而不是男孩
Bartleby How to negotiate a pay rise, page 60
Bartleby 如何协商加薪,第 60 页
United States  美国
19 Meet Scotusbot  19 认识 Scotusbot
20 Pete Hegseth’s travels
20 皮特·赫格塞斯的旅行

22 DOGE bites man
22 DOGE 咬人

24 Two-wheeled New York
24 两轮纽约

24 Trading carbon  24 碳交易
25 A New Jersey election
25 新泽西州选举

26 Voting laws  26 投票法

The Americas  美洲

27 Inequality persists  27 不平等仍然存在
28 Judges in Mexico
墨西哥的 28 名法官

29 Suriname’s chaotic democracy
29 苏里南混乱的民主

Asia  亚洲

31 China's hellscape in Myanmar
31 中国在缅甸的地狱景观

33 South Korea’s president
33 韩国总统

33 Indian addresses  33 印度地址
34 Academic talent  34 学术人才
35 Banyan Stealth mode
35 Banyan Stealth 模式

China  中国

36 The property market bottoms out
36 楼市触底反弹

37 Studying in America
37 在美国学习

38 An EV price war
38 电动汽车价格战

Middle East & Africa
中东和非洲

The legacy of Kagame  卡加梅的遗产
42 Israel’s far right
42 以色列极右翼

The Kurds disarm  库尔德人解除武装

Contents  内容


欧洲 44 德国的新军队 46 波兰新总统 46 乌克兰的杀手无人机 47 吉尔特·威尔德斯下台 48 查理曼大帝失败的宪法
Europe
44 Germany's new army
46 Poland's new president
46 Ukraine's killer drones
47 Geert Wilders goes
48 Charlemagne The constitution that failed
Europe 44 Germany's new army 46 Poland's new president 46 Ukraine's killer drones 47 Geert Wilders goes 48 Charlemagne The constitution that failed| Europe | | :--- | | 44 Germany's new army | | 46 Poland's new president | | 46 Ukraine's killer drones | | 47 Geert Wilders goes | | 48 Charlemagne The constitution that failed |

财经 63 美国过度消费 65 特朗普的“报复税” 66 关税通胀 67 阿联酋诉沙特阿拉伯 68 巴顿伍德 一切缺失的理论
Finance & economics
63 American overconsumption
65 Trump's "revenge tax"
66 Tariff inflation
67 The UAE v Saudi Arabia
68 Buttonwood The missing theory of everything
Finance & economics 63 American overconsumption 65 Trump's "revenge tax" 66 Tariff inflation 67 The UAE v Saudi Arabia 68 Buttonwood The missing theory of everything| Finance & economics | | :--- | | 63 American overconsumption | | 65 Trump's "revenge tax" | | 66 Tariff inflation | | 67 The UAE v Saudi Arabia | | 68 Buttonwood The missing theory of everything |

英国 49 国防战略 50 亵渎法 51 白芝浩 全痛苦,无收获
Britain
49 Defence strategy
50 Blasphemy laws
51 Bagehot All pain, no gain
Britain 49 Defence strategy 50 Blasphemy laws 51 Bagehot All pain, no gain| Britain | | :--- | | 49 Defence strategy | | 50 Blasphemy laws | | 51 Bagehot All pain, no gain |
69 Free exchange Stanley Fischer, an appreciation
69 自由交换 斯坦利·费舍尔,赞赏

国际 52 俄罗斯在乌克兰的第 100 万名伤亡者 54 电报煽动民族主义势力
International
52
Russia's millionth casualty in Ukraine
54 The Telegram Stoking nationalist forces
International 52 Russia's millionth casualty in Ukraine 54 The Telegram Stoking nationalist forces| International | | :--- | | 52 | | Russia's millionth casualty in Ukraine | | 54 The Telegram Stoking nationalist forces |

文化 74 年度最佳书籍 76 兰花狂 77 精辟的流行歌曲 78 为气候变化而设计
Culture
74 The year's best books
76 Orchidomania
77 Pithy pop songs
78 Designing for climate change
Culture 74 The year's best books 76 Orchidomania 77 Pithy pop songs 78 Designing for climate change| Culture | | :--- | | 74 The year's best books | | 76 Orchidomania | | 77 Pithy pop songs | | 78 Designing for climate change |

商业 55 默多克公司 56 美国大学 57 分布式能源 59 奢侈品零售 59 德国公共假期 60 巴特比支付谈判 62 熊彼特企业软件
Business
55
Murdoch Inc
56
American universities
57
Distributed energy
59
Retailing luxury
59
German public holidays
60
Bartleby Pay negotiations
62
Schumpeter Enterprise software
Business 55 Murdoch Inc 56 American universities 57 Distributed energy 59 Retailing luxury 59 German public holidays 60 Bartleby Pay negotiations 62 Schumpeter Enterprise software| Business | | :--- | | 55 | | Murdoch Inc | | 56 | | American universities | | 57 | | Distributed energy | | 59 | | Retailing luxury | | 59 | | German public holidays | | 60 | | Bartleby Pay negotiations | | 62 | | Schumpeter Enterprise software |

经济与金融指标79个统计数据42个经济体
Economic & financial indicators
79 Statistics on 42 economies
Economic & financial indicators 79 Statistics on 42 economies| Economic & financial indicators | | :--- | | 79 Statistics on 42 economies |

讣告 80 阿曼达·费尔丁 (Amanda Feilding),迷幻药研究活动家
Obituary
80 Amanda Feilding, campaigner for psychedelic research
Obituary 80 Amanda Feilding, campaigner for psychedelic research| Obituary | | :--- | | 80 Amanda Feilding, campaigner for psychedelic research |

第 455 卷,第 9451 期 自 1843 年 9 月出版,参加“向前推进的智慧与阻碍我们进步的不值得的、胆怯的无知之间的激烈竞争”。 在伦敦以及以下城市设有编辑部:阿姆斯特丹、北京、柏林、布鲁塞尔、开普敦、芝加哥、迪拜、拉各斯、马德里、墨西哥城、蒙得维的亚、孟买、内罗毕、新德里、纽约、巴黎、旧金山、圣保罗、上海、新加坡、台北、东京、华盛顿特区
Volume 455 Number 9451
Published since September 1843
to take part in "a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress."
Editorial offices in London and also:
Amsterdam, Beijing, Berlin, Brussels, Cape Town, Chicago, Dubai, Lagos, Madrid, Mexico City, Montevideo, Mumbai, Nairobi, New Delhi, New York, Paris, San Francisco, Sāo Paulo, Shanghai, Singapore, Taipei, Tokyo, Washington DC
Volume 455 Number 9451 Published since September 1843 to take part in "a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress." Editorial offices in London and also: Amsterdam, Beijing, Berlin, Brussels, Cape Town, Chicago, Dubai, Lagos, Madrid, Mexico City, Montevideo, Mumbai, Nairobi, New Delhi, New York, Paris, San Francisco, Sāo Paulo, Shanghai, Singapore, Taipei, Tokyo, Washington DC| Volume 455 Number 9451 | | :--- | | Published since September 1843 | | to take part in "a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress." | | Editorial offices in London and also: | | Amsterdam, Beijing, Berlin, Brussels, Cape Town, Chicago, Dubai, Lagos, Madrid, Mexico City, Montevideo, Mumbai, Nairobi, New Delhi, New York, Paris, San Francisco, Sāo Paulo, Shanghai, Singapore, Taipei, Tokyo, Washington DC |

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Subscription service 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: www.economist.com/help for troubleshooting advice.| Subscription service | | :--- | | 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: www.economist.com/help | | for troubleshooting advice. |

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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: North America: +1 8888150215 Latin America & Mexico: +1 6462485983| 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: | | :--- | | North America: +1 8888150215 | | Latin America & Mexico: +1 6462485983 |
"Europe 44 Germany's new army 46 Poland's new president 46 Ukraine's killer drones 47 Geert Wilders goes 48 Charlemagne The constitution that failed" https://cdn.mathpix.com/cropped/2025_07_12_c4ae7a4fbac9ae65d640g-3.jpg?height=665&width=1026&top_left_y=781&top_left_x=1317 "Finance & economics 63 American overconsumption 65 Trump's "revenge tax" 66 Tariff inflation 67 The UAE v Saudi Arabia 68 Buttonwood The missing theory of everything" "Britain 49 Defence strategy 50 Blasphemy laws 51 Bagehot All pain, no gain" https://cdn.mathpix.com/cropped/2025_07_12_c4ae7a4fbac9ae65d640g-3.jpg?height=709&width=1026&top_left_y=1601&top_left_x=1317 69 Free exchange Stanley Fischer, an appreciation "International 52 Russia's millionth casualty in Ukraine 54 The Telegram Stoking nationalist forces" https://cdn.mathpix.com/cropped/2025_07_12_c4ae7a4fbac9ae65d640g-3.jpg?height=694&width=1026&top_left_y=2396&top_left_x=1317 "Culture 74 The year's best books 76 Orchidomania 77 Pithy pop songs 78 Designing for climate change" "Business 55 Murdoch Inc 56 American universities 57 Distributed energy 59 Retailing luxury 59 German public holidays 60 Bartleby Pay negotiations 62 Schumpeter Enterprise software" https://cdn.mathpix.com/cropped/2025_07_12_c4ae7a4fbac9ae65d640g-3.jpg?height=660&width=1016&top_left_y=3196&top_left_x=1322 "Economic & financial indicators 79 Statistics on 42 economies" "Obituary 80 Amanda Feilding, campaigner for psychedelic research" "Volume 455 Number 9451 Published since September 1843 to take part in "a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress." Editorial offices in London and also: Amsterdam, Beijing, Berlin, Brussels, Cape Town, Chicago, Dubai, Lagos, Madrid, Mexico City, Montevideo, Mumbai, Nairobi, New Delhi, New York, Paris, San Francisco, Sāo Paulo, Shanghai, Singapore, Taipei, Tokyo, Washington DC" "Subscription service 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: 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: North America: +1 8888150215 Latin America & Mexico: +1 6462485983"| Europe <br> 44 Germany's new army <br> 46 Poland's new president <br> 46 Ukraine's killer drones <br> 47 Geert Wilders goes <br> 48 Charlemagne The constitution that failed | ![](https://cdn.mathpix.com/cropped/2025_07_12_c4ae7a4fbac9ae65d640g-3.jpg?height=665&width=1026&top_left_y=781&top_left_x=1317) | Finance & economics <br> 63 American overconsumption <br> 65 Trump's "revenge tax" <br> 66 Tariff inflation <br> 67 The UAE v Saudi Arabia <br> 68 Buttonwood The missing theory of everything | | :--- | :--- | :--- | | Britain <br> 49 Defence strategy <br> 50 Blasphemy laws <br> 51 Bagehot All pain, no gain | ![](https://cdn.mathpix.com/cropped/2025_07_12_c4ae7a4fbac9ae65d640g-3.jpg?height=709&width=1026&top_left_y=1601&top_left_x=1317) | 69 Free exchange Stanley Fischer, an appreciation | | International <br> 52 <br> Russia's millionth casualty in Ukraine <br> 54 The Telegram Stoking nationalist forces | ![](https://cdn.mathpix.com/cropped/2025_07_12_c4ae7a4fbac9ae65d640g-3.jpg?height=694&width=1026&top_left_y=2396&top_left_x=1317) | Culture <br> 74 The year's best books <br> 76 Orchidomania <br> 77 Pithy pop songs <br> 78 Designing for climate change | | Business <br> 55 <br> Murdoch Inc <br> 56 <br> American universities <br> 57 <br> Distributed energy <br> 59 <br> Retailing luxury <br> 59 <br> German public holidays <br> 60 <br> Bartleby Pay negotiations <br> 62 <br> Schumpeter Enterprise software | ![](https://cdn.mathpix.com/cropped/2025_07_12_c4ae7a4fbac9ae65d640g-3.jpg?height=660&width=1016&top_left_y=3196&top_left_x=1322) | Economic & financial indicators <br> 79 Statistics on 42 economies | | | | Obituary <br> 80 Amanda Feilding, campaigner for psychedelic research | | Volume 455 Number 9451 <br> Published since September 1843 <br> to take part in "a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress." <br> Editorial offices in London and also: <br> Amsterdam, Beijing, Berlin, Brussels, Cape Town, Chicago, Dubai, Lagos, Madrid, Mexico City, Montevideo, Mumbai, Nairobi, New Delhi, New York, Paris, San Francisco, Sāo Paulo, Shanghai, Singapore, Taipei, Tokyo, Washington DC | Subscription service <br> For our full range of subscription offers, including digital only or print and digital bundled, visit: Economist.com/offers <br> If you are experiencing problems when trying to subscribe, please visit our Help pages at: www.economist.com/help <br> 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: <br> North America: +1 8888150215 <br> Latin America & Mexico: +1 6462485983 |