China’s electric vehicle (EV) market has seen a slew of bad news this year, with issues coming from car owners and manufacturers. While the sector is going through a necessary rite of passage for emerging industries, this is also a crucial test of whether the EV industry can uplift itself and adapt with the changing times. Lianhe Zaobao correspondent Chen Jing tells us more.
Manufacturing
Economy
China's economic boom has driven the flourishing of private entrepreneurship and led to the emergence of tens of millions of family businesses in the country. But many of these businesses are facing a challenge now: who will be their successor? Caixin journalists tell us more.
Technology
While many are impressed by the release of Huawei’s Mate series smartphone equipped with 7-nanometre chips, some would believe that China has reached the pinnacle of its semiconductor development. Commentator Gu Erde takes a look at China’s chip sector thus far as it grapples with the US's tech blockade.
Economy
While China has tried to diversify its export destinations, as Taiwan did when it faced economic bottlenecks in the early periods of its development, its manufacturing sector with a large presence of foreign firms is still largely tied to the US market. Meanwhile, efforts to lift the domestic economy have been stymied by a lack of consumer spending and regulatory clampdowns. Academic Min-Hua Chiang examines the issue.
Economy
China’s innovative drug developers are increasingly partnering with foreign companies to pitch their products overseas due to tighter profit margins in the domestic market. But this route, while lucrative, can also be precarious.
Politics
The historic upgrade in Vietnam-US relations has more to do with economics than defence and security. The recent visit by US President Joe Biden was an opportunity for both sides to strengthen cooperation in areas such as high-tech manufacturing, including semiconductor production. This is part of the US's "de-risking" strategy in dealing with China.
Economy
While the India-Middle East-Europe Economic Corridor launched at the recent G20 summit has been touted as a game changer, challenges lie in the way of implementing the plan while China’s ten-year-old BRI continues to be entrenched in global infrastructure networks. EAI senior research fellow Yu Hong shares his views.
Economy
With capacity already exceeding demand, analysts and investors are starting to question if the plans of China's solar panel makers to double down on their investment and expand are justified.
Economy
The EV adventure in China has been successful in some respects, not least with 5.9 million EVs sold on the Chinese market, amounting to 59% of EVs sold globally. However, as a means to reduce climate change, the effort has tended to “put the cart in front of the horse”, because EVs are not particularly environmentally friendly without a steady stream of renewable electricity supply. Academic Erik Baark lays out the factors involved.