Rule of law

In the face of surveillance camera footage showing pet dogs biting an 80-year-old lady, it should have been an open-and-shut case. But one such “dog-bites-man” incident in Anyang dragged on for more than two months. The pet owner was believed to be a person of power, and only increasing attention on the case led to an eventual apology. Why did it take so long for someone to do the right thing?

Zong Haichao explains why “legal reunification” — peaceful reunification through legal means — is a possible alternative to military reunification or political reunification. It will serve the common interests of the CCP in mainland China and Taiwan’s ruling party DPP and opposition KMT, even if it may not be the optimal route in the eyes of each party. However, to make this option workable, the CCP needs to first achieve rule of law, democratisation and modernisation transformation. A possible scenario in the future?

US academic Zhu Zhiqun says that factors such as history, education and divisiveness within the Asian community have led to the persistence of anti-Asian racism in the US. This trend looks to continue unless Americans realise that every American has an immigrant past, and protecting the rights of Asian Americans is doing so for all Americans.

China's new law gives its coast guard greater powers in the South China Sea. However, is this in line with international law and expectations? Japanese academic Shin Kawashima explores the issue.

With the recent investigation into Alibaba for alleged monopolistic actions, Chinese legal expert Zong Haichao explores the need for balance in the measures taken by the Chinese government to curb monopolies. While many expect 2021 to be “year one” of the anti-monopoly era, Zong cautions that there are many challenges facing China's anti-monopoly moves, including the presence of state-owned enterprises and the lack of a sophisticated Chinese legislative structure.

Law experts Tan Chong Huat and Amanda Chen observe that the recent halting of Ant Group’s dual listing on the Hong Kong and Shanghai stock exchanges augur more regulatory changes in the micro-loans industry. While this lowers financial stability risk, will more of such regulations hinder fintech advancements? Where’s the middle ground? In their opinion, there is much that Singapore and China can learn from each other in the regulation of emerging technologies.

Yu Zeyuan observes that local governments in China are racing to implement ever-tighter coronavirus measures in the face of an uptick in cases recently. Is this an overreaction and all too much of a show to demonstrate responsibility and preparedness at the citizens’ expense?

Even if it might be a unilateral move, China should embark on its third phase of opening up, says Zheng Yongnian. The first phase of China’s opening up took place after the Opium War while the second was led by Deng Xiaoping’s reforms. Now, in the face of unprecedented challenges of the new century, China must undertake a higher-order opening up, and work towards setting global standards and formulating rules at the international level. These endeavours begin at home, with the domestic standardisation of rules in different regions and localities.

Research analyst Fiona Huang argues that globalisation has a huge part to play in building global financial centres. If basic prerequisites such as close cooperation with regulators and market stability are met, the next-level condition for a flourishing global financial centre is an open attitude towards global capital and culture. How will the changing political milieu around the world today lead to a reshuffle of global financial centres?