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This illustration shows Chinese yuan banknotes, 30 May 2022. (Dado Ruvic/Reuters)

China's efforts to internationalise RMB gaining a foothold in SEA

NUS academic Xu Le explains why China's project to internationalise the RMB still has much room to grow. In that regard, the ASEAN countries could play a role, given their desire to be less reliant on the US dollar.
Canada's Prime Minister Justin Trudeau speaks with China's President Xi Jinping at the G20 summit in Bali, Indonesia, 16 November 2022. (Adam Scotti/Prime Minister's Office/Handout via Reuters)

Why Xi thinks Canada's conduct was 'not appropriate'

After details of Chinese President Xi Jinping and Canadian Prime Minister Justin Trudeau’s informal discussion during the G20 meeting was reported in Western media, Xi followed up with Trudeau to express his displeasure. However, the interaction sent Western media into a frenzy, reporting that Xi “confronted” or “scolded” Trudeau. In light of the sensationalisation of the incident, China may need to be more familiar with how the media in Western democracies work.
US President Joe Biden shakes hands with Chinese President Xi Jinping as they meet on the sidelines of the G20 Leaders' Summit in Bali, Indonesia, 14 November 2022. (Kevin Lamarque/Reuters)

A Xi-Biden handshake does not bridge the Sino-US schism, but it's a start

The handshakes and smiles in Bali have triggered some optimism about Sino-US relations going forward. Yet the slight uptick in Sino-US relations post-Bali might well be short-lived, given the superpowers’ underlying structural competition and deep mutual distrust.
Participants run past Tiananmen Gate during the Beijing Marathon in Beijing, China, 6 November 2022. (Tingshu Wang/Reuters)

Chinese ambassador Sun Haiyan: Why not think about China in this way?

Chinese ambassador to Singapore Sun Haiyan responds to an article by Lee Huay Leng, editor-in-chief of SPH Chinese Media Group. She notes that while individual stories have to be remembered, national policies have to take into account the big picture. The difficult but necessary decisions taken on Covid management reflect this.
Delegates applaud during the handover ceremony at the G20 Leaders' Summit, in Nusa Dua, Bali, Indonesia, 16 November 2022. (Willy Kurniawan/Reuters)

The G20 Summit: Who makes the world’s rules?

The Group of 7 are relatively aligned in their perceptions of global challenges, particularly when it comes to strategic competitors such as China and Russia, but the same perceptions do not hold true when it comes to the remaining members of the bigger Group of 20.
A mural of the Communist Party of China flag in Beijing, China, on 14 November 2022. (Bloomberg)

What to think about when you think about China under Covid

Lee Huay Leng, editor-in-chief of SPH Chinese Media Group, believes that the personal stories of ordinary people in China during Covid times form a rich tapestry of China’s story too. When all this is past, and one looks back on the present, apart from national pride, will personal dignity and feelings be remembered?
A screen grab from a video featuring the Phnom Penh-Sihanoukville Expressway. (Internet)

Easy highway, troubled city: How China wins and loses Cambodians’ hearts

Two China-driven projects show striking contrasts. The newly opened Phnom Penh-Sihanoukville Expressway has been well-received by Cambodians. But grand plans for Sihanoukville to be an investment hub and “multi-purpose” city have instead seen Chinese businesses crowding out locals, a boom-bust cycle in construction and illicit trades.
The business district in Hong Kong, 28 October 2022. (Isaac Lawrence/AFP)

Will an investment summit revive Hong Kong’s status as a financial hub?

This week’s Global Financial Leaders' Investment Summit in Hong Kong was an effort by the Hong Kong government to restore its position as a financial hub, which has been somewhat weakened due to China’s pandemic measures and other global responses. But despite John Lee’s optimistic address at the summit, the actual situation appears to be less than rosy, with several adopting a wait-and-see attitude.
People use their mobile phones outside a closed down business in Hong Kong on 1 November 2022. (Peter Parks/AFP)

Hong Kong's left turn could hit its financial centre status

Commentator Lew Mon-hung explores seven contradictions that he observes in the “one country, two systems” policy for Hong Kong, including the stand on the private sector, governance issues, and the dynamic zero-Covid policy. All of these factors have had an impact on Hong Kong, and it remains to be seen how these points will be addressed to ensure the special administrative region’s growth.