Regulations

ISEAS academic Leo Suryadinata looks at the Chinese ice cream brand Mixue and the difficulty it faces in getting a halal certificate in Indonesia. What does it say about the power struggle between different interest groups and Indonesia’s processes?

Verbal sparring by Chinese internet opinion makers seem to suggest that the winds are blowing in favour of private firms at the moment. But will officials be able to walk the talk in their quest to use the private sector to drive China’s economic growth?

Regulators are ramping up efforts to cull poorly performing firms and those that violate the rules or break the law. A record number of companies got the boot from Chinese mainland stock exchanges last year, and that number could even double in 2023.

Chinese billionaire Jack Ma has given up controlling rights in the company he founded, Ant Group Co. All eyes are now on what lies ahead for Ant and Alibaba, which owns 33% of the company and was co-founded by Ma.

Zaobao correspondent Yu Zeyuan explains the delicate relationship between private enterprises and local governments, in which both depend on each other for mutual benefit. But once the tenuous relationship runs awry, there is little recourse to right the situation.

While China has reopened its borders, scrapping quarantine requirements for inbound travellers and removing restrictions on international flights, questions remain as to how quickly cross-border travel will return to pre-Covid levels, and how the rampant Covid-19 outbreak nationwide will temper the recovery in demand.

China’s sudden opening up has taken many by surprise, and it seems that it was not just the people who were unprepared — the government itself appeared not to have planned for the aftermath of lifting all measures, leading to a shortage of medicine and vaccines, and a squeeze on healthcare resources. If anything, the three years of Covid-19 have highlighted the shortcomings of China’s political system. Chinese college student Anthony Shen shares his thoughts.

The ill-prepared nature of China’s opening up has led to a sudden rise in infections. While major cities such as Beijing and Shanghai have seemingly traversed this peak and are showing signs of economic recovery, China as a whole still has some ways to go, especially in addressing the people’s needs. Zaobao associate editor Han Yong Hong tells us more.

With China's policy pendulum finally swinging from stamping out and controlling the spread of the virus towards spurring economic growth, how will its economy perform in 2023?