Business

The Hong Kong Legislative Council Building, standing in the shadow of business towers in the CBD. (iStock)

Hong Kong: The perils of state corporatism

Influential Hong Kong political commentator Simon Shen argues that Beijing is seeking to control the economic and political freedoms of the Hong Kong people by controlling the business community. He cautions against state corporatism of the sort employed in fascist states of the past and discusses how such state control can creep into our everyday lives.
Alibaba's Chairman and Chief Executive Officer Daniel Zhang, Hong Kong Financial Secretary Paul Chan, HKEX Chairman Laura Cha and former Hong Kong chief executive Tung Chee-hwa attend Alibaba Group's listing ceremony at the Hong Kong Stock Exchange (HKEX). (Zhang Wei/CNS)

Alibaba’s Hong Kong listing: Why now? Why Hong Kong?

In a record listing of 2019, Alibaba’s stock price in Hong Kong rose by 6.6% during its first day of trading on the Hong Kong Stock Exchange. Doing so in the midst of uncertainty in Hong Kong seems risky, but Alibaba’s gambit to reach investors in Asia may just pay off in the long run.
Agricultural e-commerce is helping to lift rural Chinese villages and townships out of poverty. (Meng Dandan/SPH)

Village entrepreneurs' love-hate relationship with e-commerce

There are 225 million rural internet users and over 9.8 million e-businesses in China’s rural areas. With internet sales for agricultural products standing at over 230 billion RMB, e-commerce seems like the perfect way to alleviate poverty in China. Edwin Ong speaks to village entrepreneurs to find out how e-commerce works, the many problems it faces, and its future.
China’s domestic economic growth is slowing while companies’ operating costs are going up. Foreign trade orders have been impacted by a worsening global trade environment, and China’s private companies are facing new challenges in transformation and upgrading. (AFP)

Private enterprises in China feel the heat of government influence

In September this year, the Hangzhou municipal government started sending government officers to be attached to some private companies, sparking discussion and speculation over the motive behind such a move. What are these private companies concerned about, and are these concerns valid?
The US and China have been competing on different fronts. (Jason Lee/REUTERS)

China and the US, who innovates better?

Who is the better innovator between China and the US? Prof Chen Kang observes that both sides are lacking in confidence in their innovative capabilities, and the grass seems greener on the other side. What are their strengths and weaknesses, and how can China and the West overcome their own insecurities to be more adaptable and responsive?
Only when the ownership and operations are diversified can the BRI become a true economic initiative and a platform for global cooperation, and thus extricate itself from endless international and geopolitical disruptions. (iStock)

Why the BRI needs global private investors

There are numerous obstacles to overcome but China needs to get global private investors to come onboard its massive BRI projects. Professor Gu Qingyang opines on China's possible approach and strategy in this third part of his series on the BRI.
Countries will have to work together on the BRI to handle challenges. (SPH)

Why the BRI needs the USA

In the second part of his series on the BRI, Professor Gu Qingyang explains why the US should consider working with China on the BRI.