Global trade

PERSPECTIVE

Tariffs aren’t the biggest drag on global trade. Standards are

Product-safety and environmental rules have multiplied like an invasive species

China's massive surplus in manufactured goods, now exceeds 12 per cent of the country’s own huge economy.

In 2026, trade drama will shift from Washington to Beijing

The real uncertainty lies in the rising resistance to China’s manufactured surplus

Singapore's Senior Minister Lee Hsien Loong speaking at the Iseas-Yusof Ishak Institute’s Regional Outlook Forum in Singapore on Jan 8.

Full impact of Trump tariffs will take some time to play out: SM Lee

The US’ ‘opting out’ of the multilateral trading system it anchors will hurt world economy, he says

Economies in South-east Asia such as Malaysia, Thailand and particularly Vietnam were on the receiving end of investments from manufacturers.

Asean has benefited from US-China trade war, but it is stuck in a complicated spot

It is exporting more to the world’s largest economy yet growing exports may not necessarily be helping the region

Observers say reforms at the 30-year-old trade watchdog are urgently needed, with some believing the future of the organisation is at stake.

WTO reform deal unlikely to be reached at next major conference: ambassador

But he adds that ministers meeting in Cameroon should agree on a framework to move forward

India could eclipse China, in terms of importance to business strategy, by 2036, say CEOs and investors surveyed by Teneo.

Nearly 60% of global CEOs, investors expect deglobalisation to ramp up in 2026: report

They find the US the most attractive for investments, with China and India on the rise

A broader measure of China’s dealings with the rest of the world is its current-account surplus.
PERSPECTIVE

Don’t fear China’s trillion-dollar trade surplus

It is a problem not for the rest of the world, but for China

If current projections hold, global trade in 2025 will exceed US$35 trillion, an increase of around US$2.2 trillion.

Global trade set to top US$35 trillion in 2025: UN

Manufacturing grew 10 per cent over the last four quarters compared to the previous four, led by electronics linked to AI

The renminbi  is up almost 4% against the US dollar, and on course for the best annual performance in five years.

Why the push for a stronger renminbi won’t go away

With the US dollar likely to be soft for a few years, to hold the Chinese currency back would be to allow it to depreciate against other trading partners

In a conversation with John Micklethwait, editor-in-chief of Bloomberg News (right), Prime Minister Lawrence Wong covered topics ranging from nuclear energy to social security, but focused on geopolitics and trade.

PM Wong says new framework is needed to avoid ‘devastating consequences’ of retaliatory trade

His conversation with Bloomberg’s editor-in-chief also covers money laundering and a possible capital gains tax for Singapore