Manufacturing

An employee works on a large construction equipment at a factory in Haian, Jiangsu province, China, on 16 October 2023. (AFP)

China’s family-run businesses face succession issues

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.
Pedestrians walk past an advertisement for Huawei's Mate 60 series smartphones outside a Huawei store in Shanghai, China, 8 September 2023. (Aly Song/Reuters)

Has China’s chip sector reached the end of the line?

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.
A worker checks a rotor core used for wind turbines at a factory in Nantong, Jiangsu province, China, on 20 September 2023. (AFP)

China’s economic weakness as informed by the ‘Taiwan model’

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.
Chinese drugmakers are increasingly partnering with foreign companies to pitch their products overseas, but at what cost? (Srdjan Zivulovic/Reuters)

Cancelled contracts upset Chinese drugmakers’ overseas push

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.
US President Joe Biden (second from left) makes a toast with Vietnam's President Vo Van Thuong (second from right) during a State luncheon at the Presidential Palace in Hanoi on 11 September 2023. (Nhac Nguyen/AFP)

Stronger US-Vietnam economic ties could also trigger China

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.
Containers are loaded from the railway at the seaport terminal DIT Duisburg Intermodal Terminal at the Duisburg harbour, Germany, on 13 July 2023. With the expansion of rail-bound freight traffic along the "new Silk Road", the port continues to expand its role as a hub or end point of the Silk Road, which connects China and numerous other Asian countries with the Port of Duisburg. (Ina Fassbender/AFP)

Can the US-backed ‘modern spice route’ challenge China’s new Silk Road?

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.
Smoke rises from chimneys near solar panels in Shaanxi province, China, 24 April 2023. (Tingshu Wang/File Photo/Reuters)

Are Chinese solar giants flying too close to the sun?

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.
A BYD Co. Dolphin electric vehicle at the Smart China Expo in Chongqing, China, on 4 September 2023. (Qilai Shen/Bloomberg)

Is China's EV rise a true success?

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.
A worker welding metal at a factory in Hangzhou in China's eastern Zhejiang province, on 15 July 2023. (AFP)

[Big read] Taiwanese businesses' declining interest in mainland China

After the Covid-19 pandemic, the Chinese economy faces arduous challenges and the Chinese government is trying its best to attract foreign businesses and investors. While Taiwanese business owners are obvious targets, China is only looking to attract Taiwanese companies of strategic value, specifically those in info-communications and machinery manufacturing. At the same time, Taiwanese business owners have become more guarded about investing in the mainland due to growing internal and external uncertainties. Lianhe Zaobao journalist Miao Zong-Han speaks with industry experts to find out more.