Decoupling

Liu Jianchao speaks at a session during the FutureChina Dialogue at Shangri-la Singapore, on 27 March 2024. (SPH Media)

[Video] Chinese Minister Liu Jianchao: Asia’s choice matters

Minister of the International Department of the Communist Party of China Liu Jianchao made a keynote speech at the FutureChina Dialogue 2024 on 27 March co-organised by Business China Singapore, Lianhe Zaobao and ThinkChina. He spoke about Asia’s role amid turbulence and the realignments of relationships among major countries of the world, and China’s role in engaging with the region and working together to build better lives for their peoples. This is an edited transcript of his speech with a video (including English subtitles) of the Q&A session.
Chinese Foreign Minister Wang Yi waits for the US secretary of state at the 60th Munich Security Conference at the Bayerischer Hof Hotel in Munich, Germany, on 16 February 2024. (Wolfgang Rattay/Pool/AFP)

Pragmatism shall rule in China's 2024 international relations playbook

Amid China’s top diplomat Wang Yi’s stern warnings against “de-sinicisation in the name of de-risking” at the recent Munich Security Conference, academic Alessandro Arduino asks: is China prepared to alter its international relations playbook?
US President Joe Biden meets with Chinese President Xi Jinping on the sidelines of the G20 summit in Bali, Indonesia, on 14 November 2022. (Kevin Lamarque/Reuters)

What can we expect from the Xi-Biden summit?

While the US focuses on the competitive dimension of the relationship and emphasises the need to manage competition responsibly, China stresses a win-win outcome of the relationship through cooperation, says US academic Zhu Zhiqun. Will it be “never the twain shall meet” for the US and China?
Chinese President Xi Jinping, along with other leaders, attends the opening ceremony of the Belt and Road Forum (BRF) to mark the tenth anniversary of the Belt and Road Initiative at the Great Hall of the People in Beijing, on 18 October 2023. (Edgar Su/Reuters)

Ten years of the BRI: Where does it go from here?

Lianhe Zaobao correspondent Yang Danxu notes that after ten years, the BRI has a somewhat mixed report card. Some analysts say that the BRI has helped some countries, while others observe that progress has sometimes come at a cost, ranging from heavy debt to other indirect effects such as corruption and environmental damage.
A security surveillance camera overlooking a street is pictured next to a nearby fluttering flag of China in Beijing, China, on 25 November 2021. (Carlos Garcia Rawlins/Reuters)

Mutual mistrust: People-to-people exchanges between China and the West seriously impacted

Mutual mistrust and fear between China and foreign countries is mounting, especially amid the self-imposed travel restrictions on both sides for high-level executives. Lianhe Zaobao correspondent Han Yong Hong assesses that such developments are accelerating the decoupling between China and foreign countries, with little hope for reversal.
Visitors on Nanjing East Road in Shanghai, China, on 30 September 2023. (Qilai Shen/Bloomberg)

[Big read] Why China will not be the next Japan

Recent economic indicators have signalled that China’s economy is bottoming out, but many still believe that more needs to be done as the effect of government policies are still falling short of expectations. Lianhe Zaobao correspondent Chen Jing speaks with analysts and academics to find out what China needs to do to avoid economic stagnation or even a collapse.
In this picture taken on 30 August 2023, workers assemble a motorbike at the Northstar Precision Vietnam factory in Vinh Phuc province.  (Nhac Nguyen/AFP)

The global south's rare development opportunity as big countries de-risk

EAI academic Chen Gang notes that although the Chinese authorities are against the Western notion of “de-risking”, it has itself taken steps to de-risk, with ASEAN overtaking Europe and the US as China’s largest trade partner. As major countries are gaining ground in their de-risking strategies, the global south is set to benefit.
A central processing unit (CPU) semiconductor chip is displayed among flags of China and US, in this illustration picture taken 17 February 2023. (Florence Lo/Illustration/File Photo/Reuters)

China’s new export controls on rare metals for chipmaking: Latest tit-for-tat in US-China tech war

The China-US tech war has heated up again as China imposes export restrictions on two rare metals widely used in strategic emerging industries. Lianhe Zaobao correspondent Yang Danxu notes that this is a tit-for-tat move against the US for its export restriction of advanced chips and chipmaking technology to China. How will this latest move in the tech war affect the semiconductor industry and China-US relations?
Clothes are displayed on hangers at a Chinese fashion brand Shein pop-up store in Paris, France, on 4 May 2023. (Christophe Archambault/AFP)

Chinese e-commerce's growing markets in US and beyond: Opportunities and challenges

While Chinese e-commerce platforms like Shein and Temu have been doing well in achieving fast and high growth in the US market, they face commercial and regulatory challenges too and would need to undertake several risk mitigation strategies.