Economy

Women pose for pictures on the Bund in front of Shanghai's skyline, on the first day of the Lunar New Year of the Dragon, in Shanghai, China, on 10 February 2024. (Nicoco Chan/Reuters)

China needs economic nationalism, not deeper globalisation

Academic Jianyong Yue notes that if China wants to truly be part of the global economy, and not a semi-periphery nation with outward-oriented, dependent development, practising economic nationalism to protect its industries and people is critical in this process. China can then achieve autonomous development under a strong state.
A crowded street during the Spring Festival in Xunpu village, Fujian province, on 21 February 2024.

[Big read] Red-hot Spring Festival spending brings boom to China's economy?

Red-hot spending data over the recent Spring Festival in China caused the stock market in Hong Kong to rise three days in a row after it resumed trading first, with the country’s A-shares following suit a few days later. How long will this recovery in spending and such positive market sentiments last? Will this allow the Chinese economy to shake off fears of deflation and get over its confidence crisis? What other stabilising measures will the authorities introduce?
Pedestrians ride escalators in Pudong's Lujiazui financial district in Shanghai, China, on 29 January 2024. (Raul Ariano/Bloomberg)

China’s economic transformation: Unbearably painful?

Academic Chen Gang notes that while China needs to reform its current economy to maintain growth, whatever adjustments that are made will have to be bearable for the people. Also, some measures may be painful, but necessary.
China’s drugmakers are beginning to feel a thawing breeze, although not without underlying concerns. (SPH Media)

Chinese pharma turns to global deals to cure capital crunch

The uptick in recent deals and global pharmaceutical giants’ growing interests in novel drug development in China has invigorated the industry, yet not without underlying concerns.
This photo taken on 21 February 2024 shows an employee working on a new energy vehicle assembly line at a BYD factory in Huai'an, Jiangsu province, China. (AFP)

More Chinese EV brands to falter as market realigns

China’s electric vehicle (EV) market has seen a slew of bad news this year, with issues coming from car owners and manufacturers. While the sector is going through a necessary rite of passage for emerging industries, this is also a crucial test of whether the EV industry can uplift itself and adapt with the changing times. Lianhe Zaobao correspondent Chen Jing tells us more.
Ravi Menon, former managing director of the Monetary Authority of Singapore, in January 2024. (SPH Media)

Ravi Menon: Expect even more changes as new economic structure emerges

In the third of Lianhe Zaobao’s Future 365 interview series, Lianhe Zaobao business editor Shen Yue speaks to former Monetary Authority of Singapore chief Ravi Menon, who gives his views on how the global economy will change over the next decade, and how mindsets should shift accordingly.
The photo taken on 7 January 2024 shows a woman posing for photos next to a poster of Chinese television series Blossoms Shanghai. (AFP)

TV series Blossoms Shanghai fuelling city's consumption boom: Will it last?

One of Shanghai’s commercial areas has seen a boost in consumption since the New Year, partly driven by the popularity of the Blossoms Shanghai television series. Even as consumption returns to pre-pandemic levels, officials will need to do more to ensure that this recovery remains sustainable over the long term. Lianhe Zaobao correspondent Chen Jing tells us more.
Christian Louboutin's iconic red-soled heels. (Photo: Mark Davies)

Louboutin’s famous red-soled heels tread winding path to trademark protection in China

In 2012, Christian Louboutin shoes made their debut in the Chinese market, two years after an application to have their distinctive appearance protected under the Trademark Law sparked a legal tussle that would unfold over the ensuing decade and continues today.
This aerial photo taken on 1 November 2021 shows volunteers helping farmers harvest rice in Huzhuang, Jiangsu province, China. (AFP)

China’s embrace of GM crops will have global implications

Despite China’s efforts to make genetically modified organisms (GMO) technology a key plank of China’s food security, China has yet to meaningfully translate its research efforts into successful commercialisation, say academics Shaleen Khanal and Zhang Hongzhou. If China manages to overcome the various obstacles to commercialising GM crops, the global landscape of GMO governance, production and exports will be greatly changed.