Since last month, China and South Korea have been engaged in a tussle of tit for tat when it comes to Covid-19 travel controls. From visa suspensions to “yellow tags” on Chinese travellers entering South Korea, it remains to be seen whether the current back and forth will affect months of China’s diplomatic efforts with South Korea, especially since Yoon Suk-yeol took office.
Technology
Politics
Delivering the keynote address of the ISEAS-Yusof Ishak Institute’s Regional Outlook Forum 2023, Singapore’s former Foreign Minister George Yeo spoke about the ways that ASEAN’s weakness is also a strength in the transition to a multipolar world.
Politics
French academic Philippe Le Corre notes that France and China’s fairly close relationship seems to have eroded in recent years, mainly due to market access issues and the gaping trade deficit. While President Macron’s visit in 2023 could change the situation, France currently has no clear advantage over other powers in dealing with China.
Technology
According to a development plan for China’s software and information technology (IT) service industry from 2021 to 2025, China is expected to significantly expand its capacity for developing key software and build two to three open-source communities with international influence by 2025. Meanwhile, China’s giant state-owned enterprises are also rushing to crank up domestic purchases of innovative IT applications under government pressure.
Economy
While investments by Taiwanese enterprises in mainland China have declined due to geopolitical factors and Covid-19, many still have one foot in the massive domestic market. As a result, a number of Taiwanese enterprises have turned into “new mainland enterprises” as they integrate into the mainland’s domestic market. Zaobao journalist Miao Zong-Han looks into where Taiwanese enterprises are moving towards.
Politics
Taking an overview of global megatrends, including rising inflation, changes to business valuation and the race for technological supremacy, Indonesian business magnate Ang Tjoen Ming (Tahir) sieves out opportunities for Indonesia, and ways forward that could see it becoming one of the world’s seven largest economies in the next ten years.
Technology
Amid the frequent refrain of building a digital civilisation in China, Chinese academic Zhang Tiankan warns of the natural progression assumed in digital progress leading to greater civilisation. Innovations such as facial recognition technology or human tracking devices are placed in the hands of man and can be used for good or evil.
Technology
Analyst John Lee assesses the impact of US chip controls on China, pointing out the little likelihood of complete decoupling, especially in areas out of high-end chips. Despite the restrictions, China has options of its own but the tides could change at any minute in this “competition to win the 21st century”.
Economy
Academics Guanie Lim and Chengwei Xu examine the close interdependence of Japanese and Chinese firms through the case study of Toyota. Amid the talk of geopolitical tensions accelerating the risk of decoupling, some hard facts may put things into perspective.