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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.

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.

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.

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.

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.

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?

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.

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.

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.