Business

Attendees ahead of a "First Tool-In" ceremony at the Taiwan Semiconductor Manufacturing Co. facility under construction in Phoenix, Arizona, US, on 6 December 2022. (Caitlin O'Hara/Bloomberg)

Will TSMC’s American plant lead to an exodus of semiconductor talents from Taiwan?

TSMC’s new facility in Arizona, US, is set to begin production in 2024, with a second facility underway. The company’s US$40 billion investment is a first in many ways and marks a major shift in the global semiconductor industry. But TSMC has made conservative remarks about the move, and the new plant has also roused much concern from the Taiwanese.
A deserted road in the central business district in Beijing, China, on 29 November 2022. (Bloomberg)

China is facing a harsh economic winter

Commentator Chen Kuohsiang notes that even after the 20th Party Congress and talks between Chinese and US Presidents Xi Jinping and Joe Biden during the G20 summit, the Chinese economy is not facing an easy time, not least because of Covid-19 controls, the US's trade restrictions and China's stringent policy on private enterprises.
Chinese President Jiang Zemin waves from his car following talks with Laurent Fabius, speaker of the French National Assembly, in Paris, France, 25 October 1999. (Charles Platiau/File Photo/Reuters)

Jiang Zemin: The Chinese leader whose achievements outweighed the shortcomings

US academic Zhu Zhiqun gives an assessment of the late former President Jiang Zemin’s policies during his time leading China throughout the 1990s and into the early 2000s.
A medical worker in protective suit collects a swab from a resident at a free nucleic acid testing site following new cases of the coronavirus disease (COVID-19), in Lanzhou's Chengguan district, Gansu province, China, 20 October 2021. (cnsphoto via Reuters)

Chinese Covid testing firms come under fire for pandemic profiteering

An incident involving errors with Covid test results at a test facility in Lanzhou has opened the doors to deeper digging by netizens, indicating a pattern of outbreaks wherever there are facilities established under the Shenzhen Nucleus Gene Technology Co. Coincidence, or something else?
Richard Liu Qiangdong, founder of JD.com. (JD.com website)

Salary cuts for senior managers: Is JD.com founder Richard Liu championing ‘common prosperity’?

JD.com founder Richard Liu has been in the news lately following an announcement that the company is set to improve social benefits for rank-and-file employees, while cutting salaries for senior management. While it seems to kill many birds with one stone, is this a long term solution for private firms?
Zhong Shanshan, founder and chair of Nongfu Spring, and China's richest man. (Internet)

China's richest man Zhong Shanshan sells pure spring water, but can Nongfu Spring stay clean and green?

Nongfu Spring, China’s largest packaged drinks company, prides itself on its clean and green natural water source and low production costs. However, Chinese academic Zhang Tiankan stresses that despite its financial success, the company will need to do more for the environment if it wants to keep its future growth intact.
Employees work on the assembly line during a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China, 8 November 2019. (Aly Song/File Photo/Reuters)

Will Europe pour more money into China?

This year’s dramatic geopolitical changes have significantly altered the calculus for foreign investment in China as large European enterprises are increasingly taking the lead and Japanese businesses are retreating in manufacturing and advancing in services. American companies, on the other hand, are frozen as the US government imposes tough sanctions on China’s tech sector and as manufacturers weigh strategic moves back to the US.
Cooperatives seem to be making a return in China, like this one in Heilongjiang. (Internet)

Cooperatives are making a comeback. Is China preparing for combat and famine?

Cooperatives that used to manage agricultural and other daily resources in China faded away during China's reform and opening up, but recently, they were highlighted again by the state media and promoted in various regions. Chinese people are concerned if this means that the government is going to further tighten its grip on the economy or that China is preparing for the likelihood of containment and even war?
A person walks past a sign of Alibaba Group during the World Artificial Intelligence Conference in Shanghai, China, 1 September 2022. (Aly Song/Reuters)

Rebirth of China's tech companies possible through regulatory reforms

While it appears that large digital platforms in China have been hit hard by a series of regulatory reforms in the last few years, they are down but not out, says researcher Jia Kai.