Trade

While the India-Middle East-Europe Economic Corridor launched at the recent G20 summit has been touted as a game changer, challenges lie in the way of implementing the plan while China’s ten-year-old BRI continues to be entrenched in global infrastructure networks. EAI senior research fellow Yu Hong shares his views.

Singapore Minister for Education and Minister-in-charge of the Public Service Chan Chun Sing gave the keynote address during the 9th Singapore-China Forum on Leadership in Beijing on 12 September 2023. Minister Chan noted the importance of taking stock and exchanging notes on how countries’ approaches to governance must evolve as both the internal and external environment change, and stressed that facing the new challenges of the modern world requires cohesive leaders who work well together, not only within the government and with the people, but also with businesses and globally with international partners. Here is the edited transcript of his speech.

Young Chinese Wang Hao shares his personal experience of working in Africa's Kenya. He says a growing number of young Chinese are venturing into Africa for exchanges, internships and full-time work. In this era of globalisation, it is important that young Chinese communicate with the outside world to develop a broader worldview and seek opportunities for growth.

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.

The diplomatic focus on third world countries during Mao Zedong’s era has taken a renewed form in Xi Jinping’s era with the focus on the global south, notes EAI academic Chen Gang. International circumstances could propel the Chinese to further elevate the importance of the global south, not least with the recent expansion of BRICS to include several global south countries.

After the Covid-19 pandemic, the Chinese economy faces arduous challenges and the Chinese government is trying its best to attract foreign businesses and investors. While Taiwanese business owners are obvious targets, China is only looking to attract Taiwanese companies of strategic value, specifically those in info-communications and machinery manufacturing. At the same time, Taiwanese business owners have become more guarded about investing in the mainland due to growing internal and external uncertainties. Lianhe Zaobao journalist Miao Zong-Han speaks with industry experts to find out more.

Hong Kong’s stock market has taken a beating recently, with the number of IPOs and trade volumes in a slump. Amid the different factors causing the poor performance, including the economic situation in mainland China, analysts believe that the Hong Kong Stock Exchange’s long-running focus on the West and oversight of Southeast Asia needs to be addressed. Lianhe Zaobao journalist Liu Sha finds out more.

With China intensifying its interest in the Arctic’s Northern Sea Route, India also looks to subtly increase its cooperation with Russia in the shipping route which can significantly reduce sailing time between Europe and Asia. But India has strategic reasons of its own to do so.

Kazakhstan’s development since gaining independence in 1991 has led it to become a leader in the Central Asia region. With much potential still waiting to be explored in this resource-rich country, Kazakhstan is walking a tightrope to balance its relations with the US, China and Russia. Lianhe Zaobao associate editor Han Yong Hong shares findings from her visit.