Economy

A shot of Li Ka-shing. (Li Ka Shing Foundation)

Are Hong Kong tycoon Li Ka-shing's moves still a bellwether for investors?

Hong Kong tycoon Li Ka-shing’s moves have always been highly watched by investors and the public alike. The pivot to Hong Kong and the mainland by CK Asset Holdings, founded by Li and helmed by his son Victor Li, has rekindled discussions as to whether the Li family is shifting its strategic focus back to China. Lianhe Zaobao’s China Desk looks into the recent activities of Li and his group of companies amid a turbulent economic environment.
People cross a street in Shinjuku area of Tokyo on 30 March 2024. (Yuichi Yamazaki/AFP)

Why Japan’s GDP will once again exceed that of Germany in the near future

Japanese academic Takao Komine explains the reasons behind Japan falling behind Germany in the GDP rankings and discusses the possible implications of this trajectory.
The sun sets behind the Statue of Liberty as people walk on the Brooklyn Bridge in New York on 6 February 2024. (Charly Triballeau/AFP)

Yellen’s China visit: ‘China problems’ are actually US problems

Commentator Qinglian He says that while US Treasury Secretary Janet Yellen spoke of “problems” with China on her recent visit, such as a weak economy and cheap Chinese goods, closer analysis seems to suggest that perhaps the problems are not China’s, but the US's, in terms of equipping its people with the skills necessary to boost manufacturing and other sectors.
The BYD EV Dolphin Mini is displayed as the Chinese electric-vehicle producer announces the launch of the low-cost EV in Mexico City, Mexico, on 28 February 2024. (Toya Sarno Jordan/Reuters)

China-Mexico-US trade relations remain evermore interdependent

Talk of relocation of supply chains and geopolitical tensions notwithstanding, China, Mexico and the US have been in an interdependent trade relationship for a long time, says academic Liu Xuedong. In particular, Mexico’s sales destined for the US market are very much dependent on purchases from China. Even Chinese manufacturing firms who have moved to Mexico may find that China and Mexico’s trade relationship remains evermore interdependent.
Signage at the Alibaba Group Holding Ltd. offices in Beijing, China, on 8 August 2023. (Bloomberg)

Alibaba renews strategy reset to revive growth momentum

Alibaba has been grappling with sluggish growth in the face of a cooling Chinese economy and rising competition from upstarts such as PDD Holdings and ByteDance’s short-video app Douyin. How is the e-commerce giant responding to these challenges?
Shenzhen's EV penetration rate reached 67.9% in 2023, nearly double the national average of 35.7%.

China’s EV market: Rapid development amid slowing sales

Chinese automakers have made improvements in production and quality of electric vehicles (EVs), leading to a growing number of people who are purchasing EVs. However, convincing people to make the switch is not easy, as sceptics still have reasons for holding on to their fuel vehicles.
This photo shows an aerial view of shipping containers stacked at the Lianyungang Port in Lianyungang, Jiangsu province, China, on 26 March 2024. (AFP)

'World’s factory' status threatened as supply chain shifts away from China

Even as China seeks to maintain its position as the “world’s factory”, globalisation means that companies are seeking to diversify their operations, and are shifting away from China in favour of alternatives. Commentator Jin Jian Guo delves into this trend.
Chinese President Xi Jinping and Premier Li Qiang arrive for the closing session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China, on 11 March 2024. (Tingshu Wang/Reuters)

Xi Jinping's conundrum fixing the Chinese economy

Japanese academic Toshiya Tsugami notes that even as China's economy is facing a difficult time, the Chinese government's efforts to prevent the bubble from bursting might in fact be having the opposite effect in the long run, and the more important thing is to fix structural problems.
Representations of cryptocurrency Bitcoin are seen in this illustration picture taken in Paris, France, on 9 March 2024. (Benoit Tessier/Reuters)

Rising cryptocurrency appeal in China despite ban and escalating restrictions

In times of economic uncertainty, the allure of bitcoin and other cryptocurrencies is stronger, despite China’s ban on cryptocurrency trading and mining since 2021. In some cases, it might even be a means for wealth transfer. NUS academic Ben Charoenwong discusses the issue.