Economy

In this file photo, a consumer is choosing flour at a supermarket in Taiyuan city, Shanxi province, China. Chinese officials have repeatedly reassured the Chinese people that food supplies are sufficient and there is no need to hoard. (CNS)

Will China plunge into a food crisis? Officials say no

As the Covid-19 pandemic slows down in China, the panic-buying frenzy goes on. Chen Jing reports on people bulking up on supplies across China amid fears of a looming food shortage.
In this photo taken on 3 February 2020, a woman wearing a mask is seen on a bridge in front of the financial district of Pudong, Shanghai, China, as the country is hit by the Covid-19 pandemic. (Aly Song/Reuters)

China will have too many mask-making factories

China is estimated to be making 200 million masks daily and may have too many mask-making factories in the near future. Chinese commentator Cai Enze envisages the likely scenario facing these enterprises scrambling to turn a quick profit out of mask manufacturing. Looking at the statistics, the world needs to better coordinate how these masks can reach pandemic-stricken countries in dire need of masks.
In this photo taken on 30 March, consumers line up and wait to enter a mall in Wuhan after it resumed operations. (CNS)

Wuhan businesses' quest for survival after 76-day lockdown

To help businesses get back on their feet, the Wuhan municipal government recently announced that it is raising 20 billion RMB to roll out a rescue package for small and medium enterprises (SMEs). On the ground, many companies find themselves in more dire straits now than when the city was under a complete lockdown, and business owners are generally not confident of surviving the present downturn.
A farmer harvests cabbage at Huarong county in Hunan province, at the border of Hubei on 5 March 2020. (Noel Celis/AFP)

The impact of Covid-19 on the agriculture sector in China

Vincent Martin, Food and Agriculture Organisation of the United Nations (FAO) representative in China and North Korea, shares his thoughts on the Chinese government’s efforts to limit the impact of Covid-19 on agriculture and food security in China. He remains sanguine that the country has enough wind in its sails to see it through this tough period and embark firmly on new beginnings.
Cambodian workers exit their factory as they take a lunch break in Phnom Penh, March 2, 2020. Cambodia's multi-billion-dollar garment industry is at risk of chain disruption from the Covid-19 breakout, as its impacts hammer on Southeast Asia's key industries. (Tang Chhin Sothy/AFP)

Wake-up call for ASEAN countries: Curb over-reliance on China and seize opportunities of global supply chain restructuring

After this battle with the Covid-19 coronavirus, each ASEAN country should step up its emergency preparedness and national resilience capacities in dealing with similar pandemics. But health concerns aside, the outbreak also highlights the region’s high reliance on China in economics and trade. As global supply chains realign in the wake of the crisis, Southeast Asian countries should implement bold domestic reforms and vigorously develop their manufacturing sectors to be in the best position to reap the benefits.
An elderly person wearing a protective masks sits in front of shuttered stores near a hutong neighborhood in Beijing, China, on 18 March 2020. (Qilai Shen/Bloomberg)

Falling revenue, absent staff... Tough road ahead for China's SMEs

Micro, small, and medium enterprises assets account for 77% of the total assets of Chinese enterprises, while their annual revenue contributes 68% of the total amount of annual revenue of Chinese enterprises. Chen Jing, Lianhe Zaobao’s Shanghai correspondent reports that as the coronavirus outbreak in China eases off, SMEs in China are doing their level best to get their businesses up and running again. But the way forward looks to be all uphill.
Blackstone's acquisition of SOHO China is a win-win for both sides. (Brendan McDermid/REUTERS)

Blackstone's acquisition of SOHO China: A win-win deal

Cai Enze analyses the anticipated gains of American private equity investment company Blackstone taking Chinese property developer SOHO China private. ThinkChina also takes a look at SOHO, and the high-profile couple behind it.
Workers in protective suits after loading travellers onto buses outside the New China International Exhibition Centre, near Beijing Capital Airport in Beijing, 17 March 2020. The exhibition center is being used as a registration and screening centre for travellers arriving in Beijing before transferring them to quarantine locations. (Greg Baker/AFP)

From supply chain to BRI, a super-connected China impacts the world

From the global industrial chain to the Belt and Road Initiative, China's interactions with the world is markedly changing due to the Covid-19 outbreak. East Asian Institute’s senior research fellow Yu Hong says that as the impacts of globalisation are magnified during the pandemic, the world will be reconsidering the consequences of its over-reliance on and deeply entrenched links with China. But are alternatives available?
A pedestrian wearing a face mask walks on an overpass with an electronic board showing stock information, following an outbreak of the coronavirus disease (COVID-19), at Lujiazui financial district in Shanghai, March 2020. (Aly Song/REUTERS)

China’s economy in worst shape in 30 years

The Covid-19 pandemic has brought China’s economy to a low point. Economic forecasts for the quarter and the whole year have been revised downward, and the continued spread of the coronavirus across the world will not help the situation. Zaobao correspondent Chen Jing speaks to the experts on what to expect in the next few months.