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South China Morning Post
19 hours ago
- Business
- South China Morning Post
To compete, Asia must learn from how China breeds apex predators
By the time they expand internationally, most Chinese companies have been through a Hunger Games-like winnowing process that makes them formidable competitors on the global stage. As well as being tempered by the fire of a hyper-competitive domestic economy, they have also been nurtured by a policy framework designed to support the best innovators with preferential taxes and access to financing. This unique model has produced the corporate equivalent of apex predators in global sectors from e-commerce to electric vehicles (EVs) and renewable energy . It also creates a hard but unavoidable question for policymakers and C-suites across the Asia-Pacific and beyond: how to respond to the growing international success of China Inc? For most Asian economies, tariffs are not an option because of their reliance on trade with the region's biggest economy. Instead, China's neighbours need to take a short- and longer-term approach. The international expansion of Chinese companies presents significant opportunities for businesses in the rest of Asia. Chinese investment is a key driver of economic growth across Southeast Asia, for example. The growth of supply chains driven by Chinese brands creates opportunities for other Asian firms to participate and learn. Over the longer term, the potential of artificial intelligence (AI) to transform businesses should create more decentralised supply chains and a more level playing field for smaller economies. China itself provides a key example. It surprised the world when a Chinese company disrupted the established AI order at the beginning of this year. With the right investment in this technology and related skills, other regional economies could surprise the world with breakthroughs too, and compete in the economy of the future.
South China Morning Post
27-05-2025
- Business
- South China Morning Post
China renews drive for corporate reform as US rivalry grows ‘fiercer': analysts
China is doubling down on its efforts to improve corporate governance and sharpen its global competitiveness, a move analysts said will be given greater urgency amid the high-stakes race for technological supremacy against the US and ongoing trade uncertainties. By 2035, Beijing aims to turn more state and privately owned companies into innovative, resilient and globally competitive firms with modern corporate governance structures, according to new guidelines released this week. 'Fiercer competition between China and the US will play out between companies from the two countries … Going forward, it's China Inc. versus US Inc.,' said Fu Weigang, president of the Shanghai Institute of Finance and Law think tank. 'Chinese businesses still get the short end of the stick in numerous domains despite huge progress. This document reflects Beijing's greater emphasis on better governance to increase their competitiveness. In a sign of their importance, the guidelines were jointly issued by the Communist Party's Central Committee and the State Council, China's cabinet. Beijing has previously said that modern corporate governance features clear property rights, clear rights and responsibilities and a scientific model of management. It has also included requirements to entrench Party leadership, even in private firms.
Reuters
14-02-2025
- Business
- Reuters
Exclusive: Xi to chair symposium attended by Jack Ma and other Chinese business leaders, sources say
Feb 14 (Reuters) - Chinese President Xi Jinping plans to chair a symposium to boost private sector sentiment next week that will be attended by the country's business leaders including Alibaba ( opens new tab co-founder Jack Ma, three people with knowledge of the meeting said. Xi rarely chairs symposiums about the private sector and the event underscores the numerous challenges currently facing China Inc, from the escalation in tensions with the United States under President Donald Trump to sputtering growth for the domestic economy. Many of the entrepreneurs will be from the tech sector and Xi is expected to encourage them to expand their businesses domestically and internationally amidst an intensifying Sino-U.S. technology war, two sources said. The symposium is likely to take place on Monday, said three sources. Pony Ma, the CEO of tech giant Tencent ( opens new tab is slated to be there, two sources said. Lei Jun, the chief executive of smartphone and electric vehicle maker Xiaomi ( opens new tab as well as Wang Xingxing, the founder of robotics company Yushu Technology, are likely to attend, said one source. An executive from Huawei Technologies ( is also expected to participate, according to two sources. Reuters spoke to five people with knowledge of the symposium for this article, all of whom declined to be identified as they were not authorised to speak to the media. The State Council Information Office, which handles media queries on behalf of the state leaders, did not immediately respond to a request for comment.
