Private enterprise

People walk under traditional Chinese lanterns along an alley in Beijing on 9 February 2021, ahead the biggest holiday of the year, the Lunar New Year, which ushers in the Year of the Ox on 12 February. (Noel Celis/AFP)

China's massive north-south gap in the cultural and economic realms

Audience ratings of the CCTV New Year’s Gala give quite an accurate reflection of north-south divides, which judging by the latest economic information, are still very relevant in China today. Zaobao correspondent Yang Danxu casts a keen eye on the data.
In this file photo taken on 24 January 2020, climate activists including Greta Thunberg (centre) march in a street of Davos on the sideline of the World Economic Forum (WEF) annual meeting. (Fabrice Coffrini/AFP)

Post-pandemic 'Great Reset': Can the world pull it off with Big Tech and China in tow?

At last year’s WEF, Prince Charles and other leaders proposed the “Great Reset” — a global effort to rebuild the global economic structure. However, as appealing as this may sound, Hong Kong commentator Chip Tsao points out that the current slate of world leaders and international organisations are probably unable to rein in private juggernauts and get a handle on the Chinese wild card.
People walk in the tourist area surrounding Houhai Lake during Chinese National Day holidays in Beijing, China, 2 October 2020. (Thomas Peter/Reuters)

What can Singapore learn from China?

Two Singaporean businessmen reflect on their years spent working in China, and consider the Chinese approaches and attitudes that Singapore can do well to learn from. With the right bold strategic moves, more targeted incentives to specific sectors and also to civil servants, as well as an openness to adapt some of the lessons from countries like China, Singapore can remain globally relevant in these very uncertain times.
Li Hongzhang (L) and Henry Arthur Blake at the opening ceremony of the Kowloon-Guangzhou railway service, July 1900. (Wikimedia)

China's distrust of private enterprises goes back a long way

Even back in the Qing dynasty, the concept of “state-owned enterprises” was not a foreign one. The Qing government had the habit of maintaining monopolies by running their own enterprises or looking out for profitable industries and private companies, and taking control of them. Hong Kong commentator Chip Tsao notes that even grabbing profits could not prevent the fall of the Qing dynasty.
People pass an electronic stock board at The SGX Centre on 12 March, 2020. (SPH)

Singapore vs Hong Kong: Who will benefit more with greater legal market opportunities from US-China competition?

In the context of China-US competition, US-listed China concept stocks companies may find it advantageous to get secondary listings on the Hong Kong or Singapore stock exchange. US companies may also veer towards Singapore and Hong Kong when it comes to international arbitration cases. In the final analysis, will Singapore or Hong Kong have the edge?
A mining/crushing supervisor at MP Materials displays crushed ore before it is sent to the mill at the MP Materials rare earth mine in Mountain Pass, California, 30 January 2020. (Steve Marcus/File Photo/Reuters)

How to break China's monopoly on rare earths

Much attention has been focused on the burgeoning US-China tech war and the US’s suppression of Chinese companies. But less is known about China’s firm hold on the rare earths supply chain, which has the potential to derail the world’s production of products from the humble smartphone to F-35 aircraft and guided missile systems. In response, the US and its allies, including the EU, Japan and Australia, are actively coalescing around new rare earths strategies. But private investment alone will not be enough to challenge China’s global monopoly in rare earths. Can new international public-private partnerships be the answer?
US President Donald Trump steps off Air Force One upon arrival at Minneapolis Saint Paul International Airport in Minneapolis, Minnesota on 30 September 2020. (Mandel Ngan/AFP)

Chinese socialism against American capitalism: The final showdown?

The Soviet Union and China have both previously tried and failed to overtake the US in various aspects. However, China's rise in the past few decades and the new Cold War has given China renewed impetus to duel the US for supremacy. Have they got enough firepower now with a government-led economic model that has a fair component of a market economy? Economics professor Zhu Ying looks at who might win.
A vendor holding up a Donald Trump latex mask that she sells.

Who will win the US election? Chinese vendors at ‘the world’s supermarket’ think they have the answer

Four years ago, when most political pundits put their money on Hillary Clinton instead of Donald Trump, vendors in the Yiwu International Trade Market in Zhejiang province already knew that Trump would win. Orders of presidential election merchandise gave them the clue. Termed “the world’s supermarket”, Yiwu is the world’s biggest wholesale market of small commodities. How is it seeking to reinvent itself in the pandemic downturn, and what does this year’s orders list tell them about the likely outcome of the 2020 US presidential election?
A worker collects a package after it was delivered by an automated conveyer belt at a JD.com distribution center in Beijing on 16 July 2020. (Greg Baker/AFP)

China's e-commerce 'big four' locked in cut-throat battle

Media commentator Cai Enze frowns on the beggar-thy-neighbour approach of improving one’s business at a rival’s expense. In his view, big names in China’s internet market — Baidu, Alibaba, Tencent, and JD.com (known as BATJ) — should practise more openness and cooperation rather than rivalry and mutual blocks.