Economy

The logo of Tencent is seen at a Tencent office in Shanghai, China, on 13 December 2021. (Aly Song/Reuters)

China’s gaming industry takes a hit amid challenging outlook

The proposal of new gaming regulations in China have sent shockwaves through the industry, with the top gaming company Tencent seeing its market value drop dramatically. Lianhe Zaobao senior correspondent Chew Boon Leong takes a look at the challenges facing the industry.
Motorists and cyclists on the Bund in Shanghai, China, on 9 January 2024. (Qilai Shen/Bloomberg)

[Big read] When will the Chinese stock market thrive again?

Even with the efforts of the Chinese government to revitalise the stock market, investors and shareholders seem to be unconvinced and hesitant in putting in funding, which in turn is not helping the market to recover as fast as would be hoped. What else can be done to bring back the good days?
Pedestrians in Xiamen, China, on 5 January 2024. (Raul Ariano/Bloomberg)

How will de-risking impact China’s economic fortunes in 2024?

Academic Naoise McDonagh assesses the headwinds in store for China in 2024, as the US and Europe ratchet up their de-risking efforts. It is clear that Brussels and Washington are also trying to calculate the costs they are willing to absorb in the new world of weaponised trade, meaning all sides will have to dance carefully to the tune of de-risking in the year to come.
Four thousand US dollars are counted out by a banker counting currency at a bank in Westminster, Colorado, 3 November 2009. (Reuters/Rick Wilking)

Could de-dollarisation develop into an irreversible historical trend?

Zhang Yugui, dean of the School of Economics and Finance at the Shanghai International Studies University, notes that while the renminbi has gained traction as a global currency for trade settlements, investment and as a reserve currency, the US dollar will still maintain its hegemony until 2030. However, the US is most worried that de-dollarisation could develop into an irreversible historical trend.
The Alipay logo is seen at the Asian Games 2023, Hangzhou, China. (SPH Media)

Has Alipay become a state-owned enterprise?

With Alibaba founder Jack Ma ceding control of Alipay in January 2023, and the People's Bank of China granting the application for no controlling shareholder at Alipay a year later, no single individual is in control of the company's decisions, and no shareholder holds more than 30% of its shares. This is seen as a critical step before Ant Group's IPO. But, has Alipay become a "state-owned enterprise"?
Apartment blocks are pictured in Beijing, China, on 16 December 2017. (Jason Lee/Reuters)

Real estate sector in China’s first-tier cities still in a slump

The real estate sector in China’s first-tier cities such as Beijing and Shanghai has recorded declining performance since the pandemic, with a full rebound still nowhere to be seen. Given the usual lag in the effectiveness of policies after implementation, will the real estate market see a silver lining ahead? Lianhe Zaobao correspondent Chen Jing tells us more.
Job seekers attend a job fair in Beijing, China, on 16 February 2023. (Florence Lo/Reuters)

China’s dismal job market for disabled deepens employment woes

The growing problem facing disabled workers in the Chinese job market has prompted regulators to tighten their grip on the booming affiliation business, but they are also encountering difficulties.
People walk past a mural of a dragon in Beijing, China, on 30 December 2023. (Jade Gao/AFP)

2024 will be about Western economic normalisation, China’s deceleration and India’s catch-up

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.
Afghan security personnel guard the inauguration ceremony of an iron ore mine, at Ghurian district in Herat province, Afghanistan, on 9 November 2023. (Mohsen Karimi/AFP)

Chain reaction of corruption is hurting Afghanistan's mining industry

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.