Amanda Lee

Beijing

Amanda Lee

Correspondent

Beijing-based correspondent Amanda Lee covers markets and the economy for the Post, with an interest in China's economic and social landscape. A graduate of the London School of Economics, she joined the Post in 2017 and has previously worked for Thomson Reuters and Forbes.

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Latest from Amanda Lee

Explainer | What is China’s social credit system and why is it controversial?

China’s social credit system is a set of databases and initiatives that monitor and assess the trustworthiness of individuals, companies and government entities.

9 Aug 2020 - 12:15PM

China’s social credit system is a set of databases and initiatives that monitor and assess the trustworthiness of individuals, companies and government entities.

What is China’s social credit system and why is it controversial?
China’s bank regulator moves to rein in small lenders as Beijing fears financial risks

Many Chinese companies have taken a big hit from the coronavirus pandemic. And as they struggle to repay debts, pressure is mounting on the country’s small lenders.

6 Aug 2020 - 10:27PM

Many Chinese companies have taken a big hit from the coronavirus pandemic. And as they struggle to repay debts, pressure is mounting on the country’s small lenders.

China’s bank regulator moves to rein in small lenders as Beijing fears financial risks
China omits US dollar from forex trading fee waivers in bid to bolster yuan

In a clear move to skirt the US dollar, China has waived transaction fees for a basket of 12 currencies for three years in its onshore foreign exchange market, which is still dominated by the US currency.

5 Aug 2020 - 10:43PM

In a clear move to skirt the US dollar, China has waived transaction fees for a basket of 12 currencies for three years in its onshore foreign exchange market, which is still dominated by the US currency.

China omits US dollar from forex trading fee waivers in bid to bolster yuan
China’s economic recovery under threat from fresh coronavirus outbreaks and floods, analysts say

China avoided a recession after its economy grew by 3.2 per cent in the second quarter of 2020, although already fragile retail sales are under threat from floods and fresh coronavirus outbreaks.

2 Aug 2020 - 7:00PM

China avoided a recession after its economy grew by 3.2 per cent in the second quarter of 2020, although already fragile retail sales are under threat from floods and fresh coronavirus outbreaks.

China’s economic recovery under threat from fresh coronavirus outbreaks and floods, analysts say
China taps old growth model to boost recovery, as US and European economies flounder

China’s economic rebound contrasts with collapses in the US and Europe, but even as Beijing pursues self-sufficiency, their fortunes are intertwined.

31 Jul 2020 - 11:00PM

China’s economic rebound contrasts with collapses in the US and Europe, but even as Beijing pursues self-sufficiency, their fortunes are intertwined.

China taps old growth model to boost recovery, as US and European economies flounder
China needs to weigh economic ‘consequences’ of coronavirus stimulus, top Beijing researcher says

Gao Peiyong, vice-president at Chinese Academy of Social Sciences, says China needs to evaluate the economic consequences of its coronavirus stimulus.

27 Jul 2020 - 10:06PM

Gao Peiyong, vice-president at Chinese Academy of Social Sciences, says China needs to evaluate the economic consequences of its coronavirus stimulus.

China needs to weigh economic ‘consequences’ of coronavirus stimulus, top Beijing researcher says
Heavy rains threaten further flooding across large parts of China

Torrential storms and heavy winds will put further pressure on flood defences as waters reach dangerously high levels in many places

2 Aug 2020 - 9:11AM

Torrential storms and heavy winds will put further pressure on flood defences as waters reach dangerously high levels in many places

Heavy rains threaten further flooding across large parts of China
Explainer | Belt and Road Initiative debt: how big is it and what’s next?

How much debt is belt and road racking up? There is no shortage of estimates, but Beijing has not offered a clear definition of what falls under the ‘belt and road’ umbrella, meaning there are no official breakdowns of loans being identified as belt and road borrowing.

19 Jul 2020 - 8:00PM

How much debt is belt and road racking up? There is no shortage of estimates, but Beijing has not offered a clear definition of what falls under the ‘belt and road’ umbrella, meaning there are no official breakdowns of loans being identified as belt and road borrowing.

Belt and Road Initiative debt: how big is it and what’s next?
China puts US tensions aside to boost phase one trade deal, food security with record corn purchase

China made its largest daily purchase of US corn this week amid a backdrop of escalating tensions over the coronavirus, Xinjiang and the national security law in Hong Kong.

20 Jul 2020 - 9:23AM

China made its largest daily purchase of US corn this week amid a backdrop of escalating tensions over the coronavirus, Xinjiang and the national security law in Hong Kong.

China puts US tensions aside to boost phase one trade deal, food security with record corn purchase
China’s debt-fuelled county admits ‘reckless borrowing’ after video questions 40 billion yuan construction spree

Dushan County in the landlocked southwest province of Guizhou, one of the poorest regions in China, has built a number of white elephant projects over the last four years.

16 Jul 2020 - 7:10AM

Dushan County in the landlocked southwest province of Guizhou, one of the poorest regions in China, has built a number of white elephant projects over the last four years.

China’s debt-fuelled county admits ‘reckless borrowing’ after video questions 40 billion yuan construction spree
China raises alarm on property bubble as ‘high-risk shadow banking’ returns amid virus lending push

To reboot the economy, China’s central bank has increased the amount of money available to banks to lend, a portion of which has been illegally funnelled into real estate.

15 Jul 2020 - 8:55PM

To reboot the economy, China’s central bank has increased the amount of money available to banks to lend, a portion of which has been illegally funnelled into real estate.

China raises alarm on property bubble as ‘high-risk shadow banking’ returns amid virus lending push
China’s shadow banking system under spotlight as Sichuan Trust misses payments amid economic slowdown

Sichuan Trust last week apologised to investors for missing payments on its financial products due in part to the coronavirus outbreak and global economic downturn.

6 Jul 2020 - 11:36PM

Sichuan Trust last week apologised to investors for missing payments on its financial products due in part to the coronavirus outbreak and global economic downturn.

China’s shadow banking system under spotlight as Sichuan Trust misses payments amid economic slowdown
China cracks down on ‘themed towns’ in a bid to stop local governments wasting coronavirus stimulus funds

China’s state planner has moved to make sure funds designed to stimulate the economy post-coronavirus are not frittered away on novelty ‘themed towns’.

3 Jul 2020 - 12:10PM

China’s state planner has moved to make sure funds designed to stimulate the economy post-coronavirus are not frittered away on novelty ‘themed towns’.

China cracks down on ‘themed towns’ in a bid to stop local governments wasting coronavirus stimulus funds
Hong Kong’s role in funding Chinese tech firms could be cemented by US-China rivalry, analysts say

The likes of Alibaba, JD.com and NetEase have already obtained secondary stock market listings in Hong Kong, fearful of losing access to American capital markets as a result of escalating tensions between China and the US.

30 Jun 2020 - 6:36PM

The likes of Alibaba, JD.com and NetEase have already obtained secondary stock market listings in Hong Kong, fearful of losing access to American capital markets as a result of escalating tensions between China and the US.

Hong Kong’s role in funding Chinese tech firms could be cemented by US-China rivalry, analysts say
China county government censured over illicit tax collection in sign of local fiscal woes

An investigation by Beijing has found Jing county in Hebei province inappropriately collected taxes from businesses to prop up its under-pressure budget.

29 Jun 2020 - 11:09PM

An investigation by Beijing has found Jing county in Hebei province inappropriately collected taxes from businesses to prop up its under-pressure budget.

China county government censured over illicit tax collection in sign of local fiscal woes
Shadow banking back in vogue in China as assets grow for the first time since 2017

China had been tightening its control over off-balance sheet lending by banks since 2016 to curb financial risks, but credit growth is needed to rescue the coronavirus-hit economy.

24 Jun 2020 - 9:32PM

China had been tightening its control over off-balance sheet lending by banks since 2016 to curb financial risks, but credit growth is needed to rescue the coronavirus-hit economy.

Shadow banking back in vogue in China as assets grow for the first time since 2017
China’s banking system begins to crack at its grass roots as two bank runs take place within a week

Local governments and police in both Hebei and Shanxi provinces were forced to intervene after rumours concerning Baoding Bank and Yangquan Commercial Bank.

9 Jul 2020 - 5:43PM

Local governments and police in both Hebei and Shanxi provinces were forced to intervene after rumours concerning Baoding Bank and Yangquan Commercial Bank.

China’s banking system begins to crack at its grass roots as two bank runs take place within a week
India-China border dispute: tensions likely to increase scrutiny of Chinese investment, analysts say

Trade groups in India are urging boycotts of Chinese-made products and reviews of Chinese investment following a deadly clash between troops along a shared border.

23 Jun 2020 - 12:02PM

Trade groups in India are urging boycotts of Chinese-made products and reviews of Chinese investment following a deadly clash between troops along a shared border.

India-China border dispute: tensions likely to increase scrutiny of Chinese investment, analysts say
China out to offset coronavirus impact with construction boom, but sustainability in doubt

China’s industrial production data for May showed improvements, with Beijing out to offset the economic impact of the coronavirus.

18 Jun 2020 - 11:18PM

China’s industrial production data for May showed improvements, with Beijing out to offset the economic impact of the coronavirus.

China out to offset coronavirus impact with construction boom, but sustainability in doubt
China and US can still cooperate as competitors, Beijing’s former top trade negotiator says

Head of team that steered China’s WTO entry in 2001 says the two economies are too intertwined to decouple and it’s more important than ever to work together.

18 Jun 2020 - 11:21AM

Head of team that steered China’s WTO entry in 2001 says the two economies are too intertwined to decouple and it’s more important than ever to work together.

China and US can still cooperate as competitors, Beijing’s former top trade negotiator says
Coronavirus: China suspends Guangzhou-Dhaka flight after 17 passengers test positive

China Southern will not be able to fly Guangzhou-Dhaka route for four weeks from June 22 under new ‘circuit-breaker’ rules.

15 Jun 2020 - 12:09PM

China Southern will not be able to fly Guangzhou-Dhaka route for four weeks from June 22 under new ‘circuit-breaker’ rules.

Coronavirus: China suspends Guangzhou-Dhaka flight after 17 passengers test positive
China-US tensions drive Beijing’s push of yuan in belt and road nations, but challenges remain

China is stepping up efforts to internationalise the yuan among Southeast Asian nations under its Belt and Road Initiative, but the currency’s use in global trade is still limited.

12 Jun 2020 - 10:58PM

China is stepping up efforts to internationalise the yuan among Southeast Asian nations under its Belt and Road Initiative, but the currency’s use in global trade is still limited.

China-US tensions drive Beijing’s push of yuan in belt and road nations, but challenges remain
Coronavirus: China stimulus policies not enough to boost job growth, steady economy, experts warn

China needs to create at least 10 million new jobs this year to keep the unemployment rate steady, more than the government target, Tsinghua University researchers say.

9 Jun 2020 - 10:54PM

China needs to create at least 10 million new jobs this year to keep the unemployment rate steady, more than the government target, Tsinghua University researchers say.

Coronavirus: China stimulus policies not enough to boost job growth, steady economy, experts warn
Coronavirus: China needs GDP growth of about 3 per cent in 2020 to meet job goals, analysts say

Beijing wants to keep the urban unemployment rate steady at about 6 per cent while creating 9 million jobs this year. Analysts say it will need economic growth of 3 per cent.

8 Jun 2020 - 9:18AM

Beijing wants to keep the urban unemployment rate steady at about 6 per cent while creating 9 million jobs this year. Analysts say it will need economic growth of 3 per cent.

Coronavirus: China needs GDP growth of about 3 per cent in 2020 to meet job goals, analysts say
China-US financial war over Hong Kong unlikely given damage it would do to both sides, analysts say

Washington’s moves so far to restrict China’s access to US capital markets are ‘skirmishes’ rather than start of all-out financial war, analysts say.

5 Jun 2020 - 1:32AM

Washington’s moves so far to restrict China’s access to US capital markets are ‘skirmishes’ rather than start of all-out financial war, analysts say.

China-US financial war over Hong Kong unlikely given damage it would do to both sides, analysts say
China to bypass provinces with direct payments to cash-strapped local governments, but revenue problems remain

Beijing is distributing money directly into the hands of cash-strapped city and county governments and skipping provincial authorities in its bid to revive the economy.

3 Jun 2020 - 10:33PM

Beijing is distributing money directly into the hands of cash-strapped city and county governments and skipping provincial authorities in its bid to revive the economy.

China to bypass provinces with direct payments to cash-strapped local governments, but revenue problems remain
Caught in the crossfire: Chinese students struggle to get home from the US as rift deepens

It’s a waiting game for those trying to return amid tit-for-tat travel restrictions imposed by Beijing and Washington during coronavirus pandemic.

29 May 2020 - 11:51PM

It’s a waiting game for those trying to return amid tit-for-tat travel restrictions imposed by Beijing and Washington during coronavirus pandemic.

Caught in the crossfire: Chinese students struggle to get home from the US as rift deepens
National security law: Hong Kong’s appeal as business hub in the spotlight as China law looms large

China’s National People’s Congress is set to approve a motion to amend Hong Kong’s Basic Law, the city’s mini-constitution, on Thursday.

5 Jun 2020 - 10:25AM

China’s National People’s Congress is set to approve a motion to amend Hong Kong’s Basic Law, the city’s mini-constitution, on Thursday.

National security law: Hong Kong’s appeal as business hub in the spotlight as China law looms large
China facing soybean dilemma as it tries to balance phase one trade deal with self-reliance

China agreed to buy an additional US$32 billion in agricultural goods over the next two years as part of the phase one trade deal, but there are growing concerns regarding its food security.

27 May 2020 - 9:17PM

China agreed to buy an additional US$32 billion in agricultural goods over the next two years as part of the phase one trade deal, but there are growing concerns regarding its food security.

China facing soybean dilemma as it tries to balance phase one trade deal with self-reliance
China’s private firms demand tighter oversight of local governments as virus causes spike in late payments

Local governments have suffered amid tax cuts and slow growth. Now, after years of heavy borrowing, they are finding it increasingly difficult to pay their bills.

20 May 2020 - 9:44PM

Local governments have suffered amid tax cuts and slow growth. Now, after years of heavy borrowing, they are finding it increasingly difficult to pay their bills.

China’s private firms demand tighter oversight of local governments as virus causes spike in late payments