Manufacturing

A Tesla electric vehicle is seen through a charging point displayed during a media day for the Auto Shanghai show in Shanghai, China, 20 April 2021. (Aly Song/File Photo/Reuters)

Chinese EV manufacturers face tough challenge against Tesla amid subsidy cuts

Despite a booming electric vehicle (EV) market in China, local EV manufacturers are facing a tough road ahead as the Chinese government cuts subsidies and EV giant Tesla increases its competitiveness by lowering prices. Chinese financial commentator Tan Haojun believes that Chinese EV manufacturers would need to compete in terms of research and development in order to stay in the EV market.
The Gateway of India in Mumbai, India, on 7 January 2023. (Dhiraj Singh/Bloomberg)

India could drive the next big change in the global economy, just as China did

India holds the prospect of driving the biggest change in the global economy in the next quarter century just as China did in the previous one, says economic professor Arvind Panagariya. India has several factors in its favour, but it must also push ahead with its reform agenda and open its economy wider to friendly countries through free trade agreements to make the best of its time in the sun.
The ZTE logo and a sign for 5G are seen at the World 5G Exhibition in Beijing, China, 22 November 2019. (Jason Lee/File Photo/Reuters)

US sanctions forcing Chinese firms to switch to made-in-China tech

According to a development plan for China’s software and information technology (IT) service industry from 2021 to 2025, China is expected to significantly expand its capacity for developing key software and build two to three open-source communities with international influence by 2025. Meanwhile, China’s giant state-owned enterprises are also rushing to crank up domestic purchases of innovative IT applications under government pressure.
Pedestrians in the Lujiazui financial district in Shanghai, China, on 20 December 2022. (Qilai Shen/Bloomberg)

Tug of war: Taiwanese businesses in China tussle with decoupling and integration

While investments by Taiwanese enterprises in mainland China have declined due to geopolitical factors and Covid-19, many still have one foot in the massive domestic market. As a result, a number of Taiwanese enterprises have turned into “new mainland enterprises” as they integrate into the mainland’s domestic market. Zaobao journalist Miao Zong-Han looks into where Taiwanese enterprises are moving towards.
Toyota Motor Corporation's cars are seen at a briefing on the company's strategies on battery EVs in Tokyo, Japan, 14 December 2021. (Kim Kyung-Hoon/Reuters)

Japan and China: Growing economic interdependence amid decoupling talks

Academics Guanie Lim and Chengwei Xu examine the close interdependence of Japanese and Chinese firms through the case study of Toyota. Amid the talk of geopolitical tensions accelerating the risk of decoupling, some hard facts may put things into perspective.
Pedestrians and motorcyclists along a road near the Bund in Shanghai, China, on 30 November 2022. (Qilai Shen/Bloomberg)

Will China get its economy back on track in 2023?

While China’s prospects for better economic performance in 2023 are bright, says NUS academic Xu Le, the road to economic recovery is expected to be bumpy.
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.
People and traffic pass near a marketplace in Taipei, Taiwan, 4 August 2022. (Ann Wang/Reuters)

Why Taiwan's New Southbound Policy has failed to achieve its goals

Taiwanese academic Hung-Jeng Tsai analyses decades of Taiwan’s Southbound Policy, now embodied in the latest iteration of the New Southbound Policy under President Tsai Ing-wen. He finds that despite the fanfare, few benefits have been won for Taiwan.