[Comic] Chinese youths are like little red flowers

Vietnam appears to be drawing closer to the US with the recent upgrade in ties to a comprehensive strategic partnership. This development, however, should not be overestimated as Vietnam-China relations, especially party-to-party ties, remain strong.

Unhappiness among villagers in Rempang, close to Batam island, has led to riots in Batam City and threatens existing and future foreign investment. A small but diminishing window exists in which the local and central governments can improve their approach towards convincing residents of the need to relocate for a better future.

The historic upgrade in Vietnam-US relations has more to do with economics than defence and security. The recent visit by US President Joe Biden was an opportunity for both sides to strengthen cooperation in areas such as high-tech manufacturing, including semiconductor production. This is part of the US's "de-risking" strategy in dealing with China.

Japanese academic Toshiya Tsugami notes that while China's economy is likely to fall into medium- to long-term stagnation, its outward investments and financing through the Belt and Road Initiative may not be immediately affected. However, other factors may have a ripple effect on China's ability to maintain the momentum of the BRI.

Over the last two years, the Chinese property market suffered a downturn and this has had a knock-on effect on the country’s economy. In recent weeks, the government has loosened restrictions and rolled out policies to make it easier for the public to buy houses and to boost property sales. Is this a turning point for the Chinese property market? Will the government’s mantra that “houses are for living in, not speculation” take a back seat henceforth? Zaobao correspondent Yu Zeyuan reports.