Economy

People visit a shopping mall in Beijing, China, on 18 February 2024. (Pedro Pardo/AFP)

China’s capital market faces challenge of shrinking population

Chinese academic Han Heyuan notes that amid longstanding challenges, an emerging issue could sink China’s capital market further in dire straits: a declining population.
The Melaka Gateway project has been reduced in scale to a cruise terminal. (Screenshot from YouTube/SZ - Eagle Eye Studiors)

Malaysia's Melaka Gateway project: Scaled-down ambitions

Melaka Gateway, earlier touted as a mega project that would generate substantial economic benefits, fresh foreign direct investment and access to technical know-how from China, is now a shadow of its former self. There remains, however, significant challenges for the envisioned cruise terminal.
Visitors throng a pedestrian shopping street in Shanghai, China, on 10 February 2024. (Nicoco Chan/Reuters)

China set for interest rate cuts to support economy

The People’s Bank of China (PBOC) left a key interest rate unchanged on 15 January, leading the country’s major lenders to keep their benchmark interest rates on hold a week later. The PBOC has been constrained in its ability to cut interest rates over concerns that such a move would drive more capital out of China in search of higher returns. Even so, analysts say the next window of opportunity for a rate cut is likely to be in March or in the next quarter.
A Volkswagen AG automobile charges at a Belib' public electric vehicle charging station in Paris, France, on 14 February 2024. (Benjamin Girette/Bloomberg)

How German automakers maintain their edge over Chinese EV brands

German academic Helena Wisbert analyses how strong European consumer appetites are for electric cars, in particular as new entrants from China and the US seek to get a slice of the pie. She asks: have competitors, who have equipped their vehicles with numerous digital features, AI-supported voice control and a variety of third-party applications, misunderstood the German market?
Argentina's President Javier Milei leaves surrounded by media after delivering a speech at the World Economic Forum (WEF) meeting in Davos on 17 January 2024. (Fabrice Coffrini/AFP)

President Milei: Argentina is proof that collectivism does not work

In his recent speech at the World Economic Forum, Argentina’s President Javier Milei pointed out that collectivist experiments are never the solution to the problems afflicting the citizens of the world, but are, on the contrary, the cause. Commentator Jin Jian Guo takes a closer look at Milei’s criticisms and assertions.
An electronic ticker displays stock figures in Pudong's Lujiazui Financial District in Shanghai, China, on 29 January 2024. (Raul Ariano/Bloomberg)

Private equity in China heads for exits amid three-year stock slump

China ended 2023 with the world’s worst-performing equity market as the blue-chip CSI 300 Index fell for the third straight year, plunging 35% over 36 months, making it difficult for private equity and venture capital firms to exit their investments. How will these firms deal with the country's stock slump?
The Jakarta-Bandung high-speed train in Bandung, West Java, on 17 January 2024. (Timur Matahari/AFP)

BRI's Jakarta-Bandung high-speed railway: High costs but high returns

A few months after its inauguration, the Jakarta-Bandung high-speed railway, the first of its kind that China built overseas with its own integrated system of design, engineering, equipment, technology, and standards, is proving to be a harbinger of stronger and more extensive China-Indonesia economic cooperation.
An electronic ticker displays stock figures in Pudong's Lujiazui Financial District in Shanghai, China, on 29 January 2024. (Raul Ariano/Bloomberg)

Can China’s ailing stock market turn the tide after the Chinese New Year?

Government intervention has seemingly given investors some respite amid the tumbling stock market. However, can the upward trend continue past the Chinese New Year? Lianhe Zaobao correspondent Yang Danxu looks into the matter.
Buildings in Pudong's Lujiazui Financial District in Shanghai, China, on 29 January 2024. (Raul Ariano/Bloomberg)

China’s three-year stock slump resists policy prescriptions for rebound

China ended the year with the world’s worst-performing equity market and its blue-chip CSI 300 Index down for the third straight year, losing 35% over 36 months. Amid different approaches to stabilising the stock market, several economists think that the key is to formulate appropriate policies and promoting necessary structural reforms to help get the economy back on track to its potential growth rate.