Economy

Economics professor Zhang Rui believes that Japan’s massive hoard of overseas assets, along with its ultra-loose monetary policy, has allowed its domestic economy to thrive even amid a weakening currency. In addition, the government’s fiscal policies have also made it easy for Japanese investors to venture overseas, adding to Japan’s financial prowess.

In this final of a seven-part Lianhe Zaobao-Business Times series on China and ASEAN, Lianhe Zaobao associate foreign news editor Sim Tze Wei travelled to Vietnam for a closer look at its economic rise, and whether “Made in Vietnam” can replace “Made in China”.

China's "Foundation Plan" for iron ore has gained much official support, and is aimed at reducing reliance on foreign sources of iron, including Africa and Australia. The only way to do this effectively is for China to ramp up mining of its own iron resources. However, these resources are scattered and difficult to access, and of lower grade. This means China has its work cut out if it is to succeed.

Malaysian academics Goh Chun Sheng and Guanie Lim observe China’s strong presence in the upstream and downstream sectors of developing Nusantara, the envisaged new capital of Indonesia in East Kalimantan on the island of Borneo, allowing for potential cooperation between China, Indonesia and Malaysia. Could this be the start of greater China-led cross-border collaborations in the region?

Erik Baark points out some of the peculiarities of China’s emissions trading system (ETS) with Chinese characteristics on its one-year anniversary. Going forward, will the Chinese ETS gradually morph into an ETS in the likes of the EU ETS as it works towards meeting its dual carbon ambitions?

Taiwanese commentator Chen Kuohsiang believes that China’s economy is under threat, with the unravelling of intertwining issues in the financial industry, property sector and government finances that cannot be easily resolved. How will China boost its investment-led economy, push down unemployment rates, and regain consumer and investor confidence?

In the sixth of a seven-part Lianhe Zaobao-Business Times series on China and ASEAN, we look at how brands from China are going international, particularly among Gen Z consumers in Southeast Asia.

Data centres have become a thriving sector in the Asia Pacific, with global companies setting up infrastructure in hotspots such as Singapore, Hong Kong and Sydney. Compared with traditional real estate assets, data centres promise higher returns on investment. However, developers will need to contend with rising energy costs and stricter regulations for greener developments.

In this fifth instalment of a seven-part Lianhe Zaobao-Business Times series on China and ASEAN, we look at how China’s electric vehicle manufacturers are making inroads in Singapore and the region.