Economic power

A rapidKL train travels along an elevated track above streets in Kuala Lumpur, Malaysia on 1 June 2021. (Samsul Said/Bloomberg)

Chinese companies see ASEAN as a bright spot for investment

According to a pulse survey conducted by Standard Chartered, Chinese companies are attracted to ASEAN’s large market and potential as regional production bases. External factors such as the Regional Comprehensive Economic Agreement (RCEP) could also funnel greater Chinese investment into the region in areas such as high-value manufacturing, energy and digital services.
A vendor (centre) sells meat at her stall in front of a residential building in Hanoi, Vietnam on 31 March 2021. (Manan Vatsyayana/AFP)

Shifting supply chains from China to Southeast Asia is hard but necessary

Amid the effects of the China-US trade war and the Covid-19 pandemic, global manufacturers are seeing the need to adopt a ”China+1“ strategy by diversifying their supply chains or business operations beyond China. However, moving parts of the supply chain to the Southeast Asian region is not so straightforward. What challenges do they face and how are they overcoming them? Will China's position as the "world's factory" be shaken and how will its economic model be changed?
Soldiers wait for buses to return back to their base, at Liberty Square in Taipei, Taiwan, 16 May 2021. (Ann Wang/Reuters)

Taiwanese youth: Taiwan not the 'most dangerous place on earth'

People often compare Taiwan and mainland China, and even the Taiwanese knock themselves for lagging behind, especially in terms of economy and business. One frequent comment is that Taiwan is content with “small blessings”. Social entrepreneur and columnist Jack Huang disagrees, saying that the youth in Taiwan are channelling their energy into worthy causes and working hard towards building an inclusive society and a better world for everyone.
CASA, an advocacy organisation for Latino and immigrant people and other immigrant advocacy groups, rally outside the White House in Lafayette Park, to demand that the Biden administration take action on citizenship for all on 26 May 2021 in Washington, DC. (Mandel Ngan/AFP)

Chinese academic: Developing nations must be wary of internet platform companies and their capital

Qiao Xinsheng points out that one should not have any expectations about the globalisation of the job market. In the internet economy era, even though internet platform companies facilitate capital’s global search for talent, this has not improved labour’s freedom of movement in search of better job opportunities. Cheap labour will continue to be exploited through the long arms of overseas capital. Not only that, with these companies' technology-enabled capabilities to collect massive amounts of data, national security will be a concern.
Shoppers and pedestrians walk along Nanjing Road in Shanghai, China, on 6 June 2021. (Qilai Shen/Bloomberg)

Dual circulation strategy revisited: China deepens integration with the global economy

When China’s “dual circulation” strategy was launched last year, some analysts interpreted it to mean that China would be focusing more on its domestic market. Figures show otherwise. Studying trade and investment indicators over the past few months, Chen Gang concludes that China’s economic engagement with the world is increasing as it runs on dual domestic and external engines.
Employees work on a production line manufacturing camera lenses for mobile phones at a factory in Lianyungang, Jiangsu province, China, 30 April 2019. (China Daily via Reuters)

Suspension of China-EU investment deal: A hiccup in the short run but a major loss if prolonged

Negotiations on the investment agreement between the EU and China were concluded at the end of last year but the European Parliament recently passed a resolution to freeze any consideration or discussion of the agreement. This was following retaliatory sanctions from China after the EU's round of Xinjiang-related sanctions. NUS academic Cai Daolu sees the suspension as a economic and trade relationship hiccup in the short run. But if prolonged, it would turn into a missed opportunity, not just for EU and China, but for the global economy as well.
Customers drink on reopened cafe terraces on Saint Germain in Paris, France, on 19 May 2021. (Nathan Laine/Bloomberg)

Is the China-EU investment deal doomed?

The Comprehensive Agreement on Investment (CAI) was effectively frozen by the European Parliament last week, in consideration of China’s human rights issues in Xinjiang and its sanctions on individuals and organisations from the EU. Zaobao correspondent Edwin Ong asks: will this be the end of the deal, or is there still hope of a revival?
Cyclists and vehicles wait at a traffic signal light in Beijing, China on 21 April 2021. (Yan Cong/Bloomberg)

No one in the world loves the US as much as the Chinese? Not anymore.

China is no longer as enamoured with the US as it used to be, with its realisation that the US will never allow it to reach to its level and stand on an equal footing. Freed from sentimentality towards the US, China may accelerate its search for new partners to ensure its survival, says Han Dongping.
People participate in an 'Anti-Asian Hate' rally in Chinatown in Washington, DC, US, on 27 March 2021. (Andrew Caballero-Reynolds/AFP)

Why the Chinese people are invisible in US media

Little interaction with Chinese people and double standards in US news reports have led to Americans having a jaundiced view of China. Immersed in stories on foreign policy, politics or human rights, they rarely have the chance to realise that the Chinese are made up of individuals and families who are living their lives the best way they can, just like the average American. Better education through the media and universities is greatly needed.