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.
In the first of Lianhe Zaobao’s Future 365 interview series, Lianhe Zaobao executive editor Han Yong May speaks to chairman and CEO of Sinovation Ventures Lee Kai-fu, who gives his take on the future of AI and how he thinks it will impact our lives, given the improvements seen over the past decade.
EAI senior research fellow Lance Gore believes that a new wave of socialist realism is surfacing from the capitalists of Silicon Valley, the bastion of capitalism. This form of socialist realism is characterised by a complete rejection of the old socialism and a belief in efficiency as the source of common prosperity. China can learn from Silicon Valley socialism; it is high time for China to shift into new socialism based on China’s realities under the guidance of “first principles”.
In part two of his article taking stock of the Chinese economy and assessing bright spots and challenges in 2024, Chinese economist Yao Yang focuses on the key factors of increasing investment without distinguishing between foreign and domestic capital, and the inability of the US to limit China’s technological development.
The prospect of driverless cars on the roads still seems futuristic, but the potential rewards are too enticing to ignore. The entry of Huawei into the field with its recently launched luxury electric SUV means that competition in the sector is going to get fierce.
Chinese cloud providers such as Tencent and Huawei are stepping up their game and entering overseas markets, in competition with global players like Amazon. How will these Chinese cloud giants do in territories like Southeast Asia and the Middle East, especially given the rise of AI and large language models?
A possible concern on the military use of AI in China, where the party controls the People’s Liberation Army, is that political rationality may take precedence over military rationality. This could heighten the risks of accidental escalation or a lack of assurance of control and safety when using such technology. Japanese academic Masaaki Yatsuzuka delves into the issue.
China’s tech sector has been making mass layoffs, freezing hiring and cutting pay since 2022, and there is little sign of a bounce-back. Cost reductions, efficiency enhancement or talent structure optimisation are often the words these companies use. But what is really weighing on the job market are sluggish business growth, intensified market competition and the unprecedented challenges of the business landscape amid new technology.
Singapore's Health Minister Ong Ye Kung delivered the keynote speech entitled "Youths – Bridge Between East and West, Pivot Between Present and Future" at the Lianhe Zaobao Singapore-China Forum 2023 held in Beijing on 21 November. He spoke about issues affecting the youths of today — whether in China or Singapore — noting that while they have big issues to tackle, they still have much to look forward to in this pivotal moment in history. This is the English version of his keynote address delivered in Mandarin.