Trade

Containers are loaded from the railway at the seaport terminal DIT Duisburg Intermodal Terminal at the Duisburg harbour, Germany, on 13 July 2023. With the expansion of rail-bound freight traffic along the "new Silk Road", the port continues to expand its role as a hub or end point of the Silk Road, which connects China and numerous other Asian countries with the Port of Duisburg. (Ina Fassbender/AFP)

Can the US-backed ‘modern spice route’ challenge China’s new Silk Road?

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.
Minister in charge of the Public Service Chan Chun Sing (left) meeting with Minister of the Communist Party of China Central Committee Organisation Department Li Ganjie ahead of the 9th Singapore-China Forum on Leadership at the Diaoyutai State Guest House in Beijing, China, on 12 September 2023. (SPH Media)

Minister Chan Chun Sing on Singapore-China relations: Mutual trust is vital to navigate a changing world

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.
Local Kenya musicians entertain delegates at the Africa Climate Summit held at the Kenyatta International Convention Centre in Nairobi, Kenya on 6 September 2023. (Simon Maina/AFP)

Young Chinese are making their presence felt in Africa's Kenya

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.
A train leaving Russia and entering China at Manzhouli. (Photo: Jack No1/Licensed under CC BY-SA 3.0)

Russia 'looks East': Surging logistics and trade flows across China-Russia border

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.
Cyril Ramaphosa, South Africa's president, left, and Xi Jinping, China's president on the closing day of the BRICS summit at the Sandton Convention Center in the Sandton district of Johannesburg, South Africa, on 24 August 2023.  (Leon Sadiki/Bloomberg)

China puts spotlight on global south with BRICS expansion

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.
A worker welding metal at a factory in Hangzhou in China's eastern Zhejiang province, on 15 July 2023. (AFP)

Big Read: Taiwanese businesses' declining interest in mainland China

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.
People in Central, a financial hub in Hong Kong, China, on 3 July 2023. (May James/AFP)

Hong Kong no longer the 'East-meets-West' financial hub of yesteryear

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.
Russia's Pacific Fleet warships parade off the port city of Vladivostok during the Navy Day celebrations on 30 July 2023. (Pavel Korolyov/AFP)

India, Russia and the Northern Sea Route: Navigating a shifting strategic environment

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.
Baiterek, a monument and observation tower, in Astana, the capital city of Kazakhstan. (Photo provided by the Ministry of Foreign Affairs of the Republic of Kazakhstan)

Big Read: Kazakhstan’s economic emergence amid US-China-Russia power struggle

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.