Wu Guo writes for Think China: An admirer of Chinese culture and of China’s warm and people-centred way of life, US academic Wu Guo says that China need not seek to win over the US in every field, not least in the high-tech domain. It actually has a powerful advantage that has been underutilised — a rich culture that goes back thousands of years and a way of life that nurtures bonds of community, kindness and civility. If those outside China see this softer side of China, surely they will be less hasty to cast the first stone?
Fan Hongda writes for Think China: Although China has made inroads into the Middle East as a major investor and economic partner, some are suspicious of its intentions in being all things to all countries in this fractious region. Thus, even if there is much hype about its ability to take over the US’s role in the region, China should remember that it still lacks the power and wherewithal to exert a major influence.
go to Think China website: Chinese academic: Can China challenge the US’s standing in the Middle East?, Politics News – ThinkChina
The conclusion of the EU-UK Trade Cooperation Agreement and the EU-China Comprehensive Agreement on Investment (CAI) in the last days of 2020 sent a strong signal that the EU will not wait for the US to resume a leading role in the world economic order. Building partnerships with countries like China are just the impetus the EU needs to deepen integration and build better prospects for itself. In this move away from a US-centric view of the economic order, the EU is not alone.
Taiwan’s semiconductor industry has been making waves not just domestically, but internationally. Zaobao correspondent Woon Wei Jong examines why for Taiwan, strategically and economically, possessing advanced semiconductor technology is as good as striking gold.
Amid greater efforts at achieving greater self-sufficiency in developing core technologies, China will turn to an erstwhile resource it has depended on — the state — to move forward. But will state-controlled venture capital funds be nimble enough to catch the next wave of tech innovations? And judging by the regulatory clampdown on Ant Group and others in recent months, a key preoccupation of 2021 will remain growing the digital economy while trying to rein in digital giants.
China’s manufacturing sector is known to be the “world’s factory”, and its scale is unrivalled. However, Chinese academic Chen Hongbin notes that this manufacturing behemoth is not as strong as it seems.
A new study suggests that official Chinese lending has dropped in recent years. This stems from lessons learnt after a decade of mistakes in overseas lending. How would this affect Belt and Road Initiative projects in Southeast Asia?
Following the anti-extradition protests in Hong Kong in 2019 and the passing of the national security law last year, Hong Kongers are migrating abroad or thinking of migrating in record numbers. One major destination is Taiwan, with its banner of freedom and democracy. But for these migrants pushed out of their home city by circumstance, is Taiwan a temporary haven, or a permanent home? Zaobao correspondent Woon Wei Jong speaks to Hong Kongers in Taiwan.
China’s willingness to consider joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is perhaps an admission that emphasising free trade but ignoring fair trade is no longer sustainable. Even sacred cows such as its state-owned enterprises (SOEs) and insistence on the WTO platform for multilateral trade negotiations may be up for discussion. On a practical level, the CPTPP may just be the external push it needs to force its SOEs to reform.