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People take part in a rally to encourage Canada and other countries as they consider labeling China's treatment of its Uighur population and Muslim minorities as genocide, outside the Canadian Embassy in Washington, DC, US, 19 February 2021. (Leah Millis/Reuters)

‘Countering sanctions with sanctions’: Where China’s confidence comes from

China is reacting to sanctions imposed by the West with sanctions of its own, with the latest salvo affecting US and Canadian individuals and entities. Zaobao correspondent Yu Zeyuan looks at the factors behind China’s increasing penchant for tit-for-tat sanctions.
This photo taken on 21 March 2021 shows people waiting to receive the Covid-19 coronavirus vaccine at a hospital in Huai'an, Jiangsu province, China. (STR/AFP)

Vaccine politics: Can one take a US-made vaccine after taking a China-made one?

Based on science, there is no firm understanding of the effectiveness of the vaccines or how long they last, so getting vaccinated does not mean immunity. Based on politics however, countries seem to be starting to use vaccine nationalism as a tool. Is it not enough to have two worlds split apart by different internets — now will we see a world divided into those who used the Chinese vaccine and those who used other vaccines? Viruses know no borders, but it’s looking like vaccinations will. 
A popular meme in China, showing the 1901 meeting involving Li Hongzhang's group, and the recent meeting in Anchorage, Alaska. (Internet)

Alaska meeting: A historic moment of China standing up to the West?

Zaobao correspondent Yu Zeyuan notes the fiery start to the high-level dialogue between China and the US held in Alaska, with both sides trading barbs. However, amid the aggression and the "catharsis" some Chinese netizens felt from China standing up to the West after 120 years, some real communication did take place between the two countries where substantive issues were discussed.
People walk with umbrellas in Lujiazui financial district in Pudong, Shanghai, on the day of the opening session of the National People's Congress (NPC), China, 5 March 2021. (Aly Song/Reuters)

Post-Covid-19: Asia will be the beating heart of the world

Amid the gloom, there’s room for optimism in Asia in the post-Covid-19 landscape, says Benjamin Hung, CEO, Asia, Standard Chartered. The pandemic has speeded up structural changes in this growing region’s business landscape, and created greater opportunities which will pave the way for Asia’s strong rebound in 2021 and beyond.
Shoppers walking past a store of Italian luxury brand Prada at a shopping complex in Beijing, China, 19 September 2020. (Tingshu Wang/Reuters)

How to build a ‘super-sized domestic market’ in China

Even as China talks of a “dual circulation” system and building a “super-sized domestic market”, it seems that its population of 1.4 billion has yet to translate into a strong consumer market. Zaobao correspondent Yang Danxu looks into what it will take for the Chinese government’s plan to work.
People walk past the New York Stock exchange (NYSE) and the 'Fearless Girl' statue at Wall Street after heavy rainfall on 30 November 2020 in New York City, US. (Angela Weiss/AFP)

Wall Street, foreign investment hankering for China deals despite US sanctions

Even as the US government blacklists several Chinese companies for being “Chinese Communist military companies” or a national security threat, Wall Street does not seem fazed; investors seem prepared to put their money where their mouth is when it comes to betting on China.
In this file photo taken on 24 January 2020, climate activists including Greta Thunberg (centre) march in a street of Davos on the sideline of the World Economic Forum (WEF) annual meeting. (Fabrice Coffrini/AFP)

Post-pandemic 'Great Reset': Can the world pull it off with Big Tech and China in tow?

At last year’s WEF, Prince Charles and other leaders proposed the “Great Reset” — a global effort to rebuild the global economic structure. However, as appealing as this may sound, Hong Kong commentator Chip Tsao points out that the current slate of world leaders and international organisations are probably unable to rein in private juggernauts and get a handle on the Chinese wild card.
People gather to celebrate the arrival of the New Year near the Bund in Shanghai, China, 31 December 2020. (Aly Song/Reuters)

China expected to continue stellar economic performance in 2021

Despite the challenges of Covid-19, China registered 2.3% growth in 2020, the only major economy to do so. A combination of able pandemic containment efforts, expansion in industrial production and fixed asset investment, as well as prompt measures to help micro, small and medium enterprises brought them to this point. If this positive trajectory continues, China looks set to continue its remarkable rebound in 2021.
People wearing face masks attend a New Year's countdown in Wuhan, Hubei province, China, on 31 December 2020. (Noel Celis/AFP)

Shaping rules of the future: The goal for China's third opening up

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.