In the sixth of a seven-part Lianhe Zaobao-Business Times series on China and ASEAN, we look at how brands from China are going international, particularly among Gen Z consumers in Southeast Asia.
In this fourth instalment of a seven-part Lianhe Zaobao-Business Times series on China and ASEAN, we look at the role of Chinese investors in the rise, fall and recovery of Cambodia’s Sihanoukville province.
The Covid-19 pandemic has badly hit the Chinese economy, with ordinary folk bearing the brunt of the impact. Migrant workers and rural farmers have had to pivot to other fields to make ends meet, and even then the outlook is still grim. Can the authorities safeguard its efforts in poverty alleviation and rural revitalisation? Zaobao journalists Miao Zong-Han and Zeng Shi look into the issue.
Cambodia is one of Southeast Asia’s fastest growing economies, but it has also become a hotbed of Chinese telecoms and online scams targeted at mainland Chinese in recent years. Most of the scam rings based in Sihanoukville recruit mainland Chinese, but have also started to bring in Chinese from Southeast Asia and Taiwan. Once duped into joining their firms, these workers are trapped and forced to work as online scammers. Lianhe Zaobao journalist Daryl Lim visited Sihanoukville in May to get a better picture.
South Korean angst directed towards China during the Winter Olympics suggests that anti-China sentiment in South Korea has not completely subsided from the time of China's reprisals against South Korea for the THAAD missile system deployment some years ago. In such a climate, bilateral relations could get rockier if Yoon Seok-youl of the conservative People Power Party makes it to the finish line in South Korea's March presidential election.
New migrants from China refer to the wave of skilled and urban migrants from China who ventured to Asia and elsewhere after the reform era began in the 1980s. Since the 2000s, many have been moving into Southeast Asia. In Thailand, their number has doubled in the last two decades. These migrants are there for business, study and leisure or a combination of these pursuits. In the process, new communities such as Huai Khwang, the "new Chinatown" in Bangkok, have emerged.
The China-Laos railway linking China’s Yunnan province to Vientiane, the capital of Laos, was officially opened in December 2021. This mega project under China’s Belt and Road Initiative is expected to improve connectivity and stimulate the economy but Laos has incurred hefty external debt to achieve this, says EAI academic Yu Hong. The railway alone is also just the hardware; the Laotians will have to do more to make the best of its investment.
Reviews have been mixed after Shibati, Chongqing’s oldest central business district, reopened to great fanfare recently. Some were glad that the former messy, dilapidated quarter has been refreshed, while others feel that it has been turned into another “ancient street”, devoid of a sense of its rich history and heritage. Where should the fine balance be, in the preservation of tangible heritage, when multiple stakeholders and business interests are involved?
The metaverse is the latest tech industry buzzword that has generated great interest among Chinese tech companies and China's capital market. Not everyone is equally enthusiastic, however, as Chinese authorities appear to be taking a cautious approach, attempting to strike a balance between regulatory control and the risk of stifling innovation. Caixin explores what's in store for the metaverse.