China-US cooperation

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, 29 August 2022. (Reuters/Brendan McDermid)

Breaking the ice in the China-US audit standoff

In a preliminary agreement, US officials will get their long-sought access to vet accounting companies based in mainland China and Hong Kong and review audit documents related to Chinese businesses. Will this stem the tide of Chinese companies being delisted from US stock exchanges?
People walk along a street in Beijing, China, on 17 July 2022. (Noel Celis/AFP)

China can overcome the middle-income trap with technological innovations

Academic Ding Ke believes that the Chinese government is making efforts in using innovation to drive further development of the country and avoid the middle-income trap. But this would prove difficult amid heightened China-US tensions and the trend of economic decoupling.
A pedestrian walks past a giant display showing the Shanghai Composite Index, in Shanghai, China, 3 August 2022. (Aly Song/Reuters)

China-US audit inspection deal does not mean greater financial cooperation

China-US cooperation in the finance sector is making headway after the announcement of the recent signing of an audit oversight cooperation agreement. While the general public opinion in China bears optimism for this development, some are still wary of the risks to national security. Zaobao correspondent Yu Zeyuan looks into the implications of the agreement.
Hungary-born US investor and philanthropist George Soros answers to questions after delivering a speech on the sidelines of the World Economic Forum annual meeting in Davos on 24 May 2022. (Photo: Fabrice Coffrini/AFP)

Why George Soros is obsessed with defeating Xi Jinping’s China

Chinese academic Sun Peisong notes that renowned financier George Soros has always been critical of China’s social system. While "the man who broke the Bank of England" has a keen eye for finance, Sun feels that Soros’s criticism of China’s “closed society” sheds light on his penchant for globalisation and dated means of making the wealthy wealthier.
In June 1937, German leader Hitler received China’s Finance Minister H.H. Kung at the Kehlsteinhaus in the mountains, representing the peak of China-Germany military cooperation. Kung was the special personal representative of Chinese leader Chiang Kai-shek.

[Photo story] The secret pre-World War II diplomacy between China and Germany

Before World War II, an unlikely alliance and friendship sprang up between China and Germany. As diplomatic ties warmed, Germany provided China with arms and equipment against the Japanese invasion. However, because China and the Soviet Union were military allies, Hitler drew closer to Japan, resulting in the subsequent deterioration of China-Germany relations, and the division of camps in WWII.
Indian Army soldiers stand next to a M777 Ultra Lightweight Howitzer positioned at Penga Teng Tso ahead of Tawang, near the Line of Actual Control (LAC), neighbouring China, in India's Arunachal Pradesh state on 20 October 2021. (Money Sharma/AFP)

Overcoming power imbalances and policy clashes: The quest for a peaceful China-India future

Mind games among the US, China, Russia and India may influence Sino-Indian engagement in the new year and beyond. China could move even closer to Russia in dealing with India, and the US could further call on India as a “major defence partner” in its intense competition with China. External factors aside, a peaceful and cooperative China-India future requires synchronised political will in their bilateral and global diplomacy. Key is unequal power and core interests as China and India each employ the diplomacy of smart power. Will an uneasy status quo be maintained in their long-unresolved boundary dispute, and will they find the impetus for collaboration in a post-Covid-19 order?
Climate change activists wearing masks depicting images of world leaders, including US President Joe Biden, take part in a "Squid Game" themed demonstration near the Scottish Event Campus (SEC), the venue of the COP26 UN Climate Change Conference in Glasgow, Scotland, on 2 November 2021. (Andy Buchanan/AFP)

Will China-US cooperation go beyond climate change?

Chen Gang sees that rather than an end in itself, climate change can be a springboard for China and the US to deepen cooperation in other areas. This is by virtue of the fact that climate change is often intertwined with issues relating to the economy, trade and foreign policy. Facets of climate change cooperation will have spillover effects that could lead to tariff reductions, investments and greater technology collaborations.
A screen displays trading information for ride-hailing giant Didi Global on the floor of the New York Stock Exchange (NYSE) in New York City, US, 3 December 2021. (Brendan McDermid/Reuters)

Will China concept stocks pull out of the US completely?

Amid recent news of Chinese ride-hailing company Didi delisting from the New York Stock Exchange, Zaobao correspondent Edwin Ong notes that China seems to be closing a regulatory loophole allowing companies to sidestep the Chinese authorities and get listed overseas. In turn, the US is taking action to require audit checks on Chinese companies that are already listed or want to get listed in the US. Is this a sign of financial decoupling between the US and China or will both sides reach an agreement on regulations?
A television screen shows a news programme about a virtual meeting between Chinese President Xi Jinping and US President Joe Biden at a restaurant in Beijing on 16 November 2021. (Jade GaoAFP)

US-China relations: Taiwan could be the most dangerous trigger point

ISEAS academic William Choong notes that amid intense China-US competition in domains such as trade, technology, security and values, there is much virtue for smaller states, particularly those in Southeast Asia, in upholding high principles and expressing a desire for a rules-based regional order. These elements, however, are premised on continued stability in Sino-US relations, which is not guaranteed, particularly given the increasingly entrenched positions of China and the US on the Taiwan issue.