Economy

Chinese Foreign Minister Wang Yi waits for the US secretary of state at the 60th Munich Security Conference at the Bayerischer Hof Hotel in Munich, Germany, on 16 February 2024. (Wolfgang Rattay/Pool/AFP)

Pragmatism shall rule in China's 2024 international relations playbook

Amid China’s top diplomat Wang Yi’s stern warnings against “de-sinicisation in the name of de-risking” at the recent Munich Security Conference, academic Alessandro Arduino asks: is China prepared to alter its international relations playbook?
Ravi Menon, former managing director of the Monetary Authority of Singapore, in January 2024. (SPH Media)

Ravi Menon: Expect even more changes as new economic structure emerges

In the third of Lianhe Zaobao’s Future 365 interview series, Lianhe Zaobao business editor Shen Yue speaks to former Monetary Authority of Singapore chief Ravi Menon, who gives his views on how the global economy will change over the next decade, and how mindsets should shift accordingly.
The photo taken on 7 January 2024 shows a woman posing for photos next to a poster of Chinese television series Blossoms Shanghai. (AFP)

TV series Blossoms Shanghai fuelling city's consumption boom: Will it last?

One of Shanghai’s commercial areas has seen a boost in consumption since the New Year, partly driven by the popularity of the Blossoms Shanghai television series. Even as consumption returns to pre-pandemic levels, officials will need to do more to ensure that this recovery remains sustainable over the long term. Lianhe Zaobao correspondent Chen Jing tells us more.
Christian Louboutin's iconic red-soled heels. (Photo: Mark Davies)

Louboutin’s famous red-soled heels tread winding path to trademark protection in China

In 2012, Christian Louboutin shoes made their debut in the Chinese market, two years after an application to have their distinctive appearance protected under the Trademark Law sparked a legal tussle that would unfold over the ensuing decade and continues today.
Singapore’s ambassador-at-large and former ambassador to the US Chan Heng Chee. (SPH Media)

Chan Heng Chee: Amid chaos, our national interest is the only constant

The future world will neither be unipolar nor bipolar but multipolar; the structure will be fragmented, and the heights of the poles will be asymmetrical. Amid the tensions and pitfalls, how does Singapore cope in an increasingly complex world? Lianhe Zaobao associate editor Han Yong Hong speaks with Singapore’s ambassador-at-large and former ambassador to the US Chan Heng Chee about the challenges the world faces.
This aerial photo taken on 1 November 2021 shows volunteers helping farmers harvest rice in Huzhuang, Jiangsu province, China. (AFP)

China’s embrace of GM crops will have global implications

Despite China’s efforts to make genetically modified organisms (GMO) technology a key plank of China’s food security, China has yet to meaningfully translate its research efforts into successful commercialisation, say academics Shaleen Khanal and Zhang Hongzhou. If China manages to overcome the various obstacles to commercialising GM crops, the global landscape of GMO governance, production and exports will be greatly changed.
Visitors walk past ice sculptures at the Harbin Ice and Snow Festival in Harbin, Heilongjiang province, China, 24 December 2023. (Liz Lee/Reuters)

[Video] China's Harbin pampering visitors to win tourism battle

Harbin has seen an explosion of tourists this Chinese New Year season, and it is pulling out all the stops to welcome them, sometimes to the chagrin of locals. However, can this wave of tourism be sustained, and improve Harbin’s economy? Lianhe Zaobao correspondent Daryl Lim takes a trip to China’s land of snow and ice.
A God of Fortune distributes hongbaos to visitors at Liandao Scenic Area in Lianyungang city, Jiangsu province, on 14 February 2024. (Xinhua)

Rising hongbao rates are putting pressure on Chinese youths

As China’s tradition of giving red packets or hongbaos during festive occasions puts young people under pressure, they are pushing back by giving fewer hongbaos or none at all, hoping that their refusal to conform will help to bring the focus back to the sentiment behind the giving.
People visit a shopping mall in Beijing, China, on 18 February 2024. (Pedro Pardo/AFP)

China’s capital market faces challenge of shrinking population

Chinese academic Han Heyuan notes that amid longstanding challenges, an emerging issue could sink China’s capital market further in dire straits: a declining population.