US-based Chinese researcher Zhou Nongjian takes a close look at Biden’s US$6 trillion stimulus plans to improve the US economy and meet the challenge from China. He asserts that infrastructure-building and poverty assistance plans are stop-gap measures that will not address fundamental problems such as the US’s loss of industries and declining national strength. Is the US president putting the cart before the horse?
With growing competition and tension between China and the US, one region that China is looking to is Southeast Asia. Many major Chinese companies are expanding their operations into ASEAN countries, using them as manufacturing and assembly bases or springboards to the region. Zaobao's associate foreign news editor Sim Tze Wei examines the possibilities.
It is no longer an unqualified truism that China is a vast land of abundant resources, says Chen Hongbin. While it is rich in minerals such as rare earths, it is one of the world’s largest importers of natural gas, oil and iron ore, and is paying through its nose in some cases to reach a level of sufficiency. How can China achieve greater energy security?
Academic Deng Xize notes that the 2020 US election demonstrates what he terms the Socratic Trap, referring to the gap between people’s cognitive abilities and the power they hold. How will this affect the democratic process, and what are the shortcomings of democracy?
The Indo-Pacific strategy, with the China threat at the back of its mind, was a vital plank of the Trump administration’s foreign policy. Professor Xiang Lanxin considers the flaws of the concept when put into practice, and wonders if the policy will become something of a white elephant under the Biden administration.
While China has soared ahead in other areas such as expressway construction and port development, it lags behind heavyweights like the US in railway development. A fundamental cause is relying on the government as its single investment channel. Plugging its railway gaps, literally and figuratively, would give China’s economic development a decided boost.
Taiwan’s semiconductor industry has been making waves not just domestically, but internationally. Zaobao correspondent Woon Wei Jong examines why for Taiwan, strategically and economically, possessing advanced semiconductor technology is as good as striking gold.
China’s manufacturing sector is known to be the “world’s factory”, and its scale is unrivalled. However, Chinese academic Chen Hongbin notes that this manufacturing behemoth is not as strong as it seems.
Despite the challenges of Covid-19, China registered 2.3% growth in 2020, the only major economy to do so. A combination of able pandemic containment efforts, expansion in industrial production and fixed asset investment, as well as prompt measures to help micro, small and medium enterprises brought them to this point. If this positive trajectory continues, China looks set to continue its remarkable rebound in 2021.