Factory of factories: China’s manufacturers join wave of overseas expansions

With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter.
China, known as the “world’s factory” after decades spent manufacturing and shipping much of the world’s consumer goods, is now going a step further: as a number of…

Saudi adviser lauds parallels with Singapore in modernisation efforts

Crown Prince Mohammed bin Salman’s sweeping effort to modernise Saudi Arabia’s economy draws direct inspiration from the Singapore model pioneered by Lee Kuan Yew, a senior Saudi political adviser has said.
Mohammed Khalid Alyahya, an adviser to Saudi Foreign Minister Prince Faisal bin Farhan, described the late Singaporean leader’s pragmatic and results-driven governance as a template for Riyadh’s ambitions.
“We have studied [Singapore] for 50 years – the way the country has invested in…

Chinese national jailed in Singapore for attempted rape of ex-housemate

A PhD student who attempted to rape his former housemate after his repeated advances were rejected was sentenced to jail and caning in Singapore on Monday.
Gao Xiong, a 31-year-old Chinese national, will be imprisoned for six years, six months and six weeks, and receive three strokes of the cane.
He pleaded guilty to four charges which include attempted rape and criminal trespass, with another three charges taken into consideration.
The court heard that Gao was completing his PhD studies in…

Like a ‘debt collector’? US ambassador irks Singaporeans by justifying tariff

The United States’ new ambassador to Singapore has come under fire for his remarks defending the 10 per cent tariff on the city state by framing it as the US seeking help from a friend after it had played an important role in Singapore’s economic miracle.
Orthopaedic surgeon Anjani Sinha, who officially started his tenure on November 17, told government-funded local media outlet The Straits Times that the US was asking friends such as Singapore to help President Donald Trump “rebalance” and…