Economic power

Presidents Xi Jinping and Joko Widodo witnessed the test "ride" of the Jakarta-Bandung High-Speed Rail (HSR) via livestream during Chinese President Xi's visit to Indonesia for the G20 Summit in Bali. Economic cooperation remain high on the cards of bilateral relations, but while China’s trade and investment in Indonesia have grown substantially since the early 2000s, the Indonesian public does not share Jakarta’s desire to wholeheartedly embrace Beijing.

As the 20th Party Congress approaches, US academic Robert S. Ross assesses China’s foreign policy record over the last ten years and weighs up China’s foreign policy priorities in the likely third term of President Xi Jinping’s leadership. This is the last in a five-part series of articles on the future of China.

East Asian Institute academic Yu Hong analyses the G7’s Partnership for Global Infrastructure and Investment, an update from the earlier Build Back Better World Initiative. With the aim of mobilising up to US$600 billion over the next five years, it is a much more robust effort to counter China’s BRI. But will such heft be enough? This is the first in a five-part series of articles on the future of China.

China's influence in the Middle East region is growing, not only due to its economic might but also because of its active development of dialogue platforms. In that context, Middle East countries may expect China to play a mediator role in regional security and political issues. Will China rise to the challenge?

While China has yet to emerge from the shadow of the Covid-19 pandemic and its ailing real estate sector, power shortages caused by severe weather conditions are adding to its woes. Zaobao correspondent Yang Danxu tells us more about the severity of the power crunch, and its far-reaching impact across regions and industries.

China has been accused of debt trap diplomacy through its Belt and Road Initiative (BRI). Starting with the Hambantota Port in Sri Lanka, commentator William He examines the rhetoric surrounding the BRI, and controversies that have emerged from Asia to Africa. Is the BRI a channel for China to expend overproduction, infrastructure construction to boost connectivity, or a grand project to take over the world and counter the US?

China’s tech titans have sparked a talent war in Singapore with their offers of high salaries, flexible work arrangements, and professional development opportunities. Zaobao journalist Liu Liu explains in this third of a seven-part Lianhe Zaobao-Business Times series on China and ASEAN.

With the latest virtual call between Chinese Vice-Premier Liu He and US Treasury Secretary Janet Yellen, observers are anticipating that the US will lift the Trump-era punitive tariffs on China and de-escalate the four-year-long China-US trade war that has hurt both economies. Zaobao correspondent Yang Danxu looks at how the situation might develop and how Biden might play his cards.

In an age where any global economic agenda is hardly viewed outside the prism of geopolitics, it would take enormous resolve for BRICS to make an impactful comeback on the global stage, says ISAS academic Amitendu Palit.