Economist Alicia García Herrero gives an overview of the global economic outlook in 2024, highlighting that gains in real income, among other factors, should help with the soft landing in the US while the eurozone should grow faster than the year before, having left the energy crisis aside. China will continue to decelerate slowly but steadily while the rest of emerging Asia will do well.
Economy
Economy
Researcher Javed Noorani gives his assessment on the recent awarding of a contract in the Nuraba-Samti mine to an Afghan-Chinese joint venture, and comments on the wider cycle of corruption in Afghanistan's mining sector which may end up hurting the Afghan administration and dozens of small-scale Chinese developers.
Economy
In theory, the Germans are supportive of the government’s call for greater economic independence from China. In practice, this is hard to implement. A roadmap and a better explanation to companies of how this will work and who will pay the price is needed, says The Berlin Pulse editor Jonathan Lehrer.
Economy
According to a report by Morgan Stanley released in August, China is facing the triple challenge of mounting debt, an ageing workforce and deflation, raising concern that the country is heading for a fate similar to Japan’s in the 1990s. Could Japan’s experience offer lessons to Chinese policymakers about how to battle prolonged stagnation?
Economy
Chinese-funded investments into Laos and Cambodia have transformed the geo-economic landscape in Vietnam’s immediate neighbourhood. This has caused Hanoi to give China’s Belt and Road Initiative another look.
Economy
The Central Economic Work Conference held earlier this week has set the tone for China's economic development next year, with the aim of establishing the new before abolishing the old, essentially ensuring stable growth across all sectors. But what remains is whether these slogans and calls can turn into practical action and change. Lianhe Zaobao correspondent Chen Jing tells us more.
Economy
Lianhe Zaobao correspondent Yang Danxu looks at the outcomes of the Central Economic Work Conference held earlier this week, in particular the call to highlight China’s economic prospects. Amid a still-struggling economy, high-level officials are pulling all the stops to boost the public’s confidence in economic recovery.
Economy
While the narrative of de-risking and reshoring is popular in the media, there is little evidence that firms have left or are leaving China en masse, says China research analyst Chen Long. The decline of FDI could be due to the simple fact that China’s interest rates are now much lower than those in most developed countries, thus making more sense for some foreign firms to move their retained earnings back home. That said, alarm bells should ring in Beijing, as efforts to stabilise foreign investment have yet to succeed.
Economy
Amid the global electric vehicle (EV) race, European countries and the US are doubling down on their efforts and investment towards building an even more localised vertically integrated battery supply chain. This comes amid China dominance over the global lithium-ion battery supply chain. As the race for raw materials continues, Southeast Asian countries such as Indonesia and Singapore can play an increasingly significant role. Lianhe Zaobao business correspondent Lai Oi Lai speaks with experts and business insiders to find out more.