Economy

People wearing protective masks cross a street outside a shopping mall in Kuala Lumpur, Malaysia, 6 September 2021. (Lim Huey Teng/Reuters)

Malaysia resurfacing the Asian Monetary Fund: Will the idea take off this time?

An Asian Monetary Fund was first mooted by Japan during the Asian Financial Crisis in the late 1990s, but did not quite take off then. Now, with Malaysian Prime Minister Anwar Ibrahim resurfacing the proposal during his recent trip to China, is the prospect of an AMF more likely today than it was 26 years ago?
A woman walks on a street during a sandstorm in Shenyang, in China's northeastern Liaoning province on 11 April 2023. (AFP)

China's struggle to meet 'dual carbon' targets and stand proud at COP28 climate summit

With just about six months to go to the COP28 climate change conference in Dubai, how is China stepping up its transition to a low-carbon economy and is it on track to achieve a peak in carbon dioxide emissions before 2030 and carbon neutrality before 2060?
This aerial photo taken on 19 April 2023 shows shipping containers stacked at Zhoushan port in Ningbo, in China's eastern Zhejiang province. (AFP)

China's port dominance puts damper on global supply chain fragmentation

While talk of supply chain fragmentation and "friendshoring" has picked up pace amid heightened US-China tensions, Jasper Verschuur points out that the speed and breadth with which supply chain fragmentation might occur, particularly in Asia, is constrained by the ability of the maritime and port system to adapt. In that respect, China’s dominance is hard to weaken.
People visit various booths at the Shanghai Auto Show, in Shanghai, China, 19 April 2023. (Aly Song/Reuters)

Shanghai Auto Fair: Battle of the Chinese EV giants

Controversy over the ‘ice cream incident’ aside, the explosive popularity of the Shanghai Auto Show, along with the earlier Canton Fair, signals the “revenge recovery” of the expo economy.
Livestream recruitment hosts on various livestream recruitment channels. (Internet)

China experiments with livestream recruitment to fill job vacancies after Covid-19

Chinese companies have gotten creative in their recruitment process since the Covid-19 pandemic eased. Companies can now hit a bigger pool of talent at low cost by livestreaming job vacancies, while job seekers, especially blue-collar workers, can easily send in their resumes at a click of a button. Lianhe Zaobao journalist Zeng Shi looks at how the job market is changing due to this innovative channel.
A man rides a sharing bicycle with a child along a business street in Beijing, China, on 18 April 2023. (Wang Zhao/AFP)

China’s first quarter figures positive, but pandemic leaves a long shadow

While China’s better-than-expected first quarter economic figures are encouraging, it cannot be denied that three years of pandemic measures and its aftermath have dealt a blow to China’s economy. Managing economic recovery while solving underlying structure issues will be a challenge in the road ahead, says Zaobao correspondent Yang Danxu.
Visitors view a BYD Dolphin EV at the 44th Bangkok International Motor Show in Bangkok, Thailand, 23 March 2023. (Athit Perawongmetha/File Photo/Reuters)

China’s EV battery boom goes bust

China’s auto market has been rattled by a brutal price war since late last year amid slowing sales. Sales of electric vehicles have plunged since a government subsidy expired at the end of last year and as consumers remain hesitant about spending.
This file photo taken on 3 January 2023 shows shipping containers stacked at Nanjing port, Jiangsu province, China. (AFP)

How China’s export surge left the shipping industry with a hangover

Two of China’s largest container truck yards near the major port city of Ningbo in Zhejiang province have been filled with nearly 3,000 idle vehicles with no cargo to haul since early March, and the situation could get even worse with the delivery of new vessels. Could overcapacity in the industry lead to a price war?
Alibaba founder Jack Ma visits Hangzhou Yungu School in Hangzhou, Zhejiang province, China in this handout picture released on 27 March 2023. (Hangzhou Yungu School/Handout via Reuters)

Jack Ma has returned but Chinese entrepreneurs will still have a hard time

Jack Ma’s recent return to China has made waves and offers some hope for the revival of the entrepreneur class in China. But this group of people have never shaken off their dual identity as entrepreneur-capitalists. With the rise of a group of diehards romanticising the glory of past eras, entrepreneurs, and in turn the development of China’s market economy, face obstacles.