Economic power

A general view of the city skyline in Kuala Lumpur, Malaysia, 2 February 2021. (Lim Huey Teng/File Photo/Reuters)

China’s divided image in Malaysia

In a recent poll conducted by Malaysia’s Merdeka Center and the Institute of China Studies at the University of Malaya, public perception of China seems to have improved slightly from the last time a similar survey was done in 2016. That said, opinions are divided among ethnic groups and hinge on a few deciding factors.
A Boeing 787-10 Dreamliner taxis past the Final Assembly Building at Boeing South Carolina in North Charleston, South Carolina, US, 31 March 2017. (Randall Hill/Reuters)

Boeing losing out amid strained China-US trade relations

Three of China’s major airlines have announced plans to purchase about 300 aircrafts from Europe’s Airbus, much to the chagrin of the US’s Boeing. Zaobao correspondent Yu Zeyuan discusses the reasons behind the move and what this might portend.
Yang Jiechi (first from right) and Jake Sullivan (first from left) at their meeting in Luxembourg, 13 June 2022. (Xinhua)

Xi-Biden meeting unlikely as China-US relations stay locked in stalemate

While virtual meetings between Xi Jinping and Joe Biden have usually followed in-person meetings between the countries’ top diplomats, there is no sign of a virtual summit taking place any time soon after China's Yang Jiechi and US national security adviser Jake Sullivan met in Luxembourg. For the US, internal disagreement over trade tariff issues could be causing the pause. And in the case of China, it has already let go of any false hope for better ties.
This file photo taken on 4 August 2021 shows police officers wearing protective gear against the spread of Covid-19 spraying disinfectant at Nanjing port, Jiangsu province, China. (AFP)

China’s powerful export engine losing steam amid Covid-19?

Waves of Covid-19 outbreaks have dealt a big blow to China's economy, with strict anti-epidemic measures affecting businesses, exports and trade. Lockdown uncertainties have also sparked fears of increased competition with foreign manufacturers and a global supply chain restructuring away from China. Caixin surveys the challenges ahead.
Elderly customers queue for their pensions outside a Hrvatska Postanska Banka dd (HPB) branch in Zagreb, Croatia, on 3 March 2022. HPB will acquire Sberbank of Russia PJSC's business in Croatia as Europe carves up the bank's business in the region following sanctions sparked by President Vladimir Putin's invasion of Ukraine prompted a run on its local deposits. (Peter Santini/Bloomberg)

Do US economic sanctions work?

Since the Cold War, one of the most common methods used by the US to reprimand “authoritarian” or “irresponsible” countries is to impose economic sanctions. However, the economic sanctions imposed on North Korea, Iran and Russia over the past decades have not seemed to work, nor have any of these countries given in to the US. Japan-based academic Zhang Yun analyses why sanctions have lost their hold on these countries, and why the US is still keen to use them as a coercion tool.
People wearing protective masks visit a main shopping area in Shanghai, China, 21 January 2022. (Aly Song/Reuters)

China becoming the biggest economy in ten years is not a given 

Analysts predict that China will overtake the US as the world’s leading economy in the next decade, but external military conflicts and internal struggles could thwart the Asian giant's ambitions. Political commentator Zhou Nongjian has the details.
A woman walks on a sidewalk in the central business district in Beijing on 16 December 2021. (Greg BakerAFP)

China to prioritise economic stability ahead of CCP 20th Party Congress

While China’s economy grew about 8% in 2021, the GDP growth target for this year is expected to be a more modest “above 5%”, taking into consideration various easing measures by the central bank and political considerations heading into the 20th Party Congress in autumn this year. Zaobao’s associate editor Han Yong Hong gives her assessment.
People have their dinner at a restaurant as a screen broadcasts Chinese President Xi Jinping delivering his New Year speech in Beijing, China, on 31 December 2021. (Jade Gao/AFP)

Can Xi Jinping ride the tiger year with success?

A Chinese idiom says: If you ride a tiger, it’s hard to get off! Since being handed the reins by the Communist Party of China a decade ago, Xi Jinping hasn’t experienced “the year of the tiger” according to the Chinese zodiac. He will be riding into the tiger year this crucial year of 2022. Speculations are running high in China as everyone is asking: does Xi know how to get off a tiger?
A man rides a bicycle past a Yango Group real estate project under construction in Yanan New Zone, Shaanxi province, China, 4 January 2019. (Yawen Chen/Reuters)

China's local governments going bankrupt?

Local governments in China are facing a problem of not having enough in their coffers, leading to various measures such as a hiring freeze in Hegang city. Corruption also remains a problem, with some officials using their authority and influence to line their own pockets. Zaobao correspondent Yang Danxu notes that there is a danger of such debt issues becoming a risk to social stability.