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Economy
The RMB is now one of the most actively traded currencies in the world and is set to gain further traction globally this year, as the People’s Bank of China implements the government’s strategy to boost the currency’s use overseas, challenging the dominance of the US dollar in the long term.
Culture
In the last of a six-part series on hiking in Hong Kong, cultural historian Cheng Pei-kai shares the wonders of Hong Kong’s hiking trails. As he rediscovers the hidden splendour of Ma On Shan on a difficult hike, he marvels at the ingenuity of the gods, keeping the pristine away from the evil world. Only the most determined will glimpse unparalleled beauty.
History
For over a century, China and the US have been in a tug-of-war of sorts, involving economics, geopolitics, culture and values. Historical photo collector Hsu Chung-mao sums up 100 years of friendship and rivalry between arguably the two most powerful countries in the world at the moment.
Economy
Despite a booming electric vehicle (EV) market in China, local EV manufacturers are facing a tough road ahead as the Chinese government cuts subsidies and EV giant Tesla increases its competitiveness by lowering prices. Chinese financial commentator Tan Haojun believes that Chinese EV manufacturers would need to compete in terms of research and development in order to stay in the EV market.
Economy
Gambling and casino-hopping have long been Macau's calling card. Lianhe Zaobao’s China Desk looks into what else Macau has to offer, and how the local government is trying to wean its economy off the gaming industry, especially given mainland China’s clampdown on illegal gambling.
Life goes on
Politics
At this year’s Davos forum, Chinese Vice-Premier Liu He laid out five points that have led to China’s success so far. However, his session did not see a packed crowd, while China’s claims of sticking to reform and opening up seem less than convincing when taken against its actions. Commentator Jin Jian Guo delves into the importance of staying the course.
Politics
Japanese academic Tomoki Kamo points out that one can no longer rely on economic relations to keep Japan-China relations on an even keel. Trapped in a security dilemma exacerbated by diverging views of the international order, what common interests can Japan and China still find to go the distance?
Society
Malaysian academic Goh Chun Sheng gives his impressions of the Chinese in Borneo, scattered in different communities and integrated into the locales where they live. Identity politics still rears its head, but perhaps we can look forward to the day when new narratives of diversity and integration will be told.
Society
ISEAS academic Leo Suryadinata looks at the Chinese ice cream brand Mixue and the difficulty it faces in getting a halal certificate in Indonesia. What does it say about the power struggle between different interest groups and Indonesia’s processes?
Politics
Amid ongoing tensions, a high-level visit by US Secretary of State Antony Blinken to China in the coming week shows hope for improved relations between the two economic powerhouses. Zaobao correspondent Yu Zeyuan notes that while the meeting may not produce practical results, it is a much needed exchange to manage and control China-US relations from worsening.
Society
A mall in Shenzhen came under fire for putting up white lanterns with black text as part of its Chinese New Year decorations, while an “ugly” rabbit-shaped light decoration was removed from another mall in Chongqing. Academic Zhang Tiankan muses on tradition and innovation, and the evolution of traditional decorations.
Society
Freelance writer He Yue muses about why first-generation Chinese immigrants in the UK are keeping silent about Chinese politics, even for those who have opinions about what is happening in China. It seems that the opportunities for democracy and freedom while living abroad are still not enough to get them to share how they really feel, even in private chat groups among friends.
Economy
Verbal sparring by Chinese internet opinion makers seem to suggest that the winds are blowing in favour of private firms at the moment. But will officials be able to walk the talk in their quest to use the private sector to drive China’s economic growth?
Economy
Regulators are ramping up efforts to cull poorly performing firms and those that violate the rules or break the law. A record number of companies got the boot from Chinese mainland stock exchanges last year, and that number could even double in 2023.
Economy
India holds the prospect of driving the biggest change in the global economy in the next quarter century just as China did in the previous one, says economic professor Arvind Panagariya. India has several factors in its favour, but it must also push ahead with its reform agenda and open its economy wider to friendly countries through free trade agreements to make the best of its time in the sun.
History
Hua Language Centre director Chew Wee Kai thinks back to the first time he attended a university graduation — in a tent. However, the solemnity of the event still shone through, in a fitting tribute to the effort of the graduates, as well as the travails of that storied university called Nanyang University (Nantah), and all that it came to represent.