European Union

Visitors check a Zeekr 001, a model from Geely's new premium electric vehicle (EV) brand Zeekr, at its factory in Ningbo, Zhejiang province, China, on 15 April 2021. (Yilei Sun/Reuters)

China’s overcapacity draws concern from global market

China’s production overcapacity is an issue that its officials are well aware of, and it has even drawn the criticism of the outside world, most recently US Treasury Secretary Janet Yellen. Given the fact that high-end manufacturing is facing overcapacity pressures and risks just after it has taken off, how will China mitigate the impact of overcapacity on the geopolitical landscape and its external environment?
A Volkswagen AG automobile charges at a Belib' public electric vehicle charging station in Paris, France, on 14 February 2024. (Benjamin Girette/Bloomberg)

How German automakers maintain their edge over Chinese EV brands

German academic Helena Wisbert analyses how strong European consumer appetites are for electric cars, in particular as new entrants from China and the US seek to get a slice of the pie. She asks: have competitors, who have equipped their vehicles with numerous digital features, AI-supported voice control and a variety of third-party applications, misunderstood the German market?
In this photo taken on 11 September 2023, BYD electric cars waiting to be loaded on a ship are stacked at the international container terminal of Taicang Port at Suzhou Port, in China’s eastern Jiangsu province. China's top electric automaker BYD will build a car factory in Hungary, the company said on 22 December 2023, as it eyes expansion in the European market. (AFP)

[Big read] China's global EV expansion despite trade hurdles from the US and EU

As growth in the sales of new energy vehicles (NEVs) slows in China, a growing number of Chinese carmakers are speeding up their entry into foreign markets. While rising trade protectionism in Europe and North America is affecting their pace of expansion, Chinese carmakers are exploring new markets in South America and Southeast Asia, and localising their production to achieve breakthroughs. Lianhe Zaobao journalist Daryl Lim speaks with industry insiders to find out more.
Pedestrians in Xiamen, China, on 5 January 2024. (Raul Ariano/Bloomberg)

How will de-risking impact China’s economic fortunes in 2024?

Academic Naoise McDonagh assesses the headwinds in store for China in 2024, as the US and Europe ratchet up their de-risking efforts. It is clear that Brussels and Washington are also trying to calculate the costs they are willing to absorb in the new world of weaponised trade, meaning all sides will have to dance carefully to the tune of de-risking in the year to come.
People walk past a mural of a dragon in Beijing, China, on 30 December 2023. (Jade Gao/AFP)

2024 will be about Western economic normalisation, China’s deceleration and India’s catch-up

Economist Alicia García Herrero gives an overview of the global economic outlook in 2024, highlighting that gains in real income, among other factors, should help with the soft landing in the US while the eurozone should grow faster than the year before, having left the energy crisis aside. China will continue to decelerate slowly but steadily while the rest of emerging Asia will do well.
The construction site of the China Contemporary Amperex Technology Co. (CATL) electric vehicle (EV) battery plant in Debrecen, Hungary, on 16 August 2023. (Akos Stiller/Bloomberg)

[Big read] Global fight for lithium battery raw materials heats up

Amid the global electric vehicle (EV) race, European countries and the US are doubling down on their efforts and investment towards building an even more localised vertically integrated battery supply chain. This comes amid China dominance over the global lithium-ion battery supply chain. As the race for raw materials continues, Southeast Asian countries such as Indonesia and Singapore can play an increasingly significant role. Lianhe Zaobao business correspondent Lai Oi Lai speaks with experts and business insiders to find out more.
Wind turbines are pictured near Heide, Germany, on 11 September 2023. (Daniel Roland/AFP)

Can the EU and China navigate their dispute over critical raw materials and clean energy technologies?

In the ever-evolving landscape of global geopolitics, worsening climate change impacts and the need to accelerate the clean energy transition, the contest for critical raw materials and renewable energy technologies has emerged as a focal point of contention between the European Union (EU) and China. The upcoming EU-China summit in Beijing on 5 and 6 December offers an opportunity to address their disagreements.
A person uses a phone in front of an installation featuring the logo of the third Belt and Road Forum, in Beijing, China, on 16 October 2023. (Tingshu Wang/Reuters)

What Italy’s likely exit from the BRI says about its relations with China

While Italy’s imminent withdrawal from the BRI is a symbolic setback, the country still plans to engage China and reap the economic benefits. Would this be easier said than done with the departure from the MOU ruffling the Chinese and the need to keep within the lines drawn by the EU? Italian academic Alessandro Albana examines the issue.
A train leaving Russia and entering China at Manzhouli. (Photo: Jack No1/Licensed under CC BY-SA 3.0)

Russia 'looks East': Surging logistics and trade flows across China-Russia border

With China-Russia trade leaping many-fold since Russia’s invasion of Ukraine, both sides have forged stronger cross-border transport and freight links, says US academic Chen Xiangming. However, this comes with challenges, due to Russia’s historical orientation toward Europe and severely underdeveloped Far Eastern regional and local economies.