Green economy

German academic Helena Wisbert analyses how strong European consumer appetites are for electric cars, in particular as new entrants from China and the US seek to get a slice of the pie. She asks: have competitors, who have equipped their vehicles with numerous digital features, AI-supported voice control and a variety of third-party applications, misunderstood the German market?

Car manufacturers from Europe, America, Japan, and South Korea not only have to contend with the intense competition from Chinese electric vehicles (EVs), but also with the fallout from the drop in global EV demand. We take a look at what various parties are doing to safeguard their market shares.

Lianhe Zaobao journalist Liu Sha notes that while China currently seems to be ahead of the competition in terms of electric vehicles and batteries, questions of cost, quality and sustainability have to be taken into account in considering how China can maintain its lead in the battery industry.

China’s ride-hailing market has seen exponential growth this year, which some attribute to the recovery of economic activity. However, others believe that the increase in ride-hailing drivers reflects increased unemployment. Lianhe Zaobao journalist Daryl Lim looks into the potential oversaturation and different factors impacting the market.

The Chinese government has set targets for hydrogen-powered vehicles and diverse uses of hydrogen until 2035 as part of its push to get industries to shift to clean energy. However, given the processes and costs involved, it remains to be seen whether the initiative will gather enough momentum.

Data centres have become a thriving sector in the Asia Pacific, with global companies setting up infrastructure in hotspots such as Singapore, Hong Kong and Sydney. Compared with traditional real estate assets, data centres promise higher returns on investment. However, developers will need to contend with rising energy costs and stricter regulations for greener developments.

Japan’s farming industry occupies a special position in the country’s political, economic and social development. Although farmers are few in number, they wield a strong influence. As a result, a protected farming ecosystem exists in Japan, which has enabled the country to make great strides in organic farming and reducing carbon emissions. The country has also been adept at leveraging its overseas industrial outposts to support its domestic farming sector. What can China learn from Japan’s experience?

Water security is literally a question of life and death. And as one of the most populous nations in the world with a severe lack of water resources, China needs to ensure that its water sources are sustainable and usable. But as Chinese academic Chen Hongbin explains, this is not always easy, despite the country’s best efforts.

China's next phase of development will focus on achieving high-quality development and building a modern socialist country, says China's ambassador to Singapore, Hong Xiaoyong. Much attention will be paid to fostering innovation and green growth, and in pursuing a coordinated approach in building prosperity for the Chinese people. China will also continue to engage the world through its dual circulation strategy, turning the China market into a market accessible to all. In these efforts, there are many opportunities for Singapore and China to work together, building on their years of cooperation and synergies. Ambassador Hong wrote this article in commemoration of the 30th anniversary of the establishment of diplomatic relations between China and Singapore.