Elaine Chan

Elaine Chan

Focuses on China business and finance

Latest from Elaine Chan

After lipstick and private jets, aviation boss Diana Chou bets on a flying taxi boom

As the daughter of the Hong Kong tycoon who founded Dragonair, Diana Chou had a strong industry connection when she started selling aircraft. Two decades on, she’s looking to invest in something more ‘disruptive’.

As the daughter of the Hong Kong tycoon who founded Dragonair, Diana Chou had a strong industry connection when she started selling aircraft. Two decades on, she’s looking to invest in something more ‘disruptive’.

30 Mar 2020 - 3:31PM
Coronavirus: China’s courier sector braces for losses as outbreak snarls supply chains

China’s courier sector has been hit by coronavirus-related road closures, flight cancellations and workforce limitations.

China’s courier sector has been hit by coronavirus-related road closures, flight cancellations and workforce limitations.

27 Feb 2020 - 10:58PM
China steps up locust prevention as swarms ravage crops in neighbouring India and Pakistan

UN experts say China unlikely to suffer major locust infestation because Himalaya mountains act as ‘natural barrier’, but the government is not taking the matter lightly.

UN experts say China unlikely to suffer major locust infestation because Himalaya mountains act as ‘natural barrier’, but the government is not taking the matter lightly.

25 Feb 2020 - 3:10PM
Coronavirus: China’s surgical mask shortage ripples through global supply chain as health crisis continues

China is the world’s largest producer of medical facial masks, but surging demand amid the coronavirus outbreak has created a severe shortage.

China is the world’s largest producer of medical facial masks, but surging demand amid the coronavirus outbreak has created a severe shortage.

17 Feb 2020 - 9:12AM
China’s key agricultural sector starts to evolve, but can the whole country embrace the new rural economy?

Agriculture has long been the bedrock of China’s political and economic stability as it stands at the heart of the national security strategy for a nation.

Agriculture has long been the bedrock of China’s political and economic stability as it stands at the heart of the national security strategy for a nation.

14 Feb 2020 - 5:42PM
Coronavirus: why China is in the grips of a facial mask shortage as death toll grows

Rampant panic buying, government rationing and factories operating below capacity have all been blamed for a mask shortage that has put medical staff and the public at risk.

Rampant panic buying, government rationing and factories operating below capacity have all been blamed for a mask shortage that has put medical staff and the public at risk.

14 Feb 2020 - 6:01PM
Asean, RCEP trade partners unlikely beneficiaries from US-China trade war, Deloitte economist says

An initial agreement for the Regional Comprehensive Economic Partnership (RCEP) was agreed in November 2019, and could be signed towards the end of 2020.

An initial agreement for the Regional Comprehensive Economic Partnership (RCEP) was agreed in November 2019, and could be signed towards the end of 2020.

17 Feb 2020 - 3:29PM
GE’s Rachel Duan goes from problem solving in Puerto Rico to steering the iconic company’s global growth

Shanghai native Rachel Duan took charge of American industrial giant’s emerging-markets expansion as trade tensions escalated.

Shanghai native Rachel Duan took charge of American industrial giant’s emerging-markets expansion as trade tensions escalated.

30 Dec 2019 - 12:30PM
China pork crisis far from over, despite green shoots of recovery in pig inventory, analysts say

China’s pork production will drop by 25 per cent this year, before a 15 per cent decline in 2020, analysts said, despite a small rebound in breeding sow inventory.

China’s pork production will drop by 25 per cent this year, before a 15 per cent decline in 2020, analysts said, despite a small rebound in breeding sow inventory.

26 Nov 2019 - 6:00AM
China’s regional economic gap widens as more than one-third of provinces fall short of growth targets

China’s regional wealth gap has been exacerbated by domestic structural issues and the fallout from the trade war with the United States.

China’s regional wealth gap has been exacerbated by domestic structural issues and the fallout from the trade war with the United States.

4 Nov 2019 - 11:32AM
China’s countryside ‘returning to poverty’ as lack of reforms help fuel urban-rural divide

China's rural economy is central to national policy, but the income gap between the country’s villages and cities is widening due to a failure to carry out economic reform.

China's rural economy is central to national policy, but the income gap between the country’s villages and cities is widening due to a failure to carry out economic reform.

9 Jan 2020 - 11:30AM
Singapore’s trade slump set to continue amid US-China tensions, says senior trade official

Singapore’s growth decelerated sharply during the first half of 2019, with second-quarter gross domestic product growth falling to 3.4 per cent, from 3.8 per cent in the first quarter.

Singapore’s growth decelerated sharply during the first half of 2019, with second-quarter gross domestic product growth falling to 3.4 per cent, from 3.8 per cent in the first quarter.

27 Sep 2019 - 7:28PM
Can Hong Kong maintain its status amid protests despite Beijing’s push to turn Shenzhen into a financial hub?

Beijing is keen to turn the tech hub of Shenzhen into a model city, but questions have been raised if the anti-government protests threaten Hong Kong’s status.

Beijing is keen to turn the tech hub of Shenzhen into a model city, but questions have been raised if the anti-government protests threaten Hong Kong’s status.

9 Sep 2019 - 4:08PM
China braces for tough second half of 2019 as it increases focus on domestic economy in escalating trade war

China’s top leadership has rejected massive stimulus, instead opting to continue targeted support and reliance on consumer spending to help stabilise growth.

China’s top leadership has rejected massive stimulus, instead opting to continue targeted support and reliance on consumer spending to help stabilise growth.

2 Aug 2019 - 12:00PM
China’s pork prices to hit record level in 2019 due to African swine fever, even as imports surge, report says

Rabobank forecasts that prices will surpass the previous record seen in 2016 in the fourth quarter, hitting 30 yuan (US$4.36) per kilogram, after over 1 million pigs were culled.

Rabobank forecasts that prices will surpass the previous record seen in 2016 in the fourth quarter, hitting 30 yuan (US$4.36) per kilogram, after over 1 million pigs were culled.

23 Oct 2019 - 3:18PM
China’s weak exports in first half of 2019 are also bad news for its major trading partners

China’s exports in the first six months of 2019 rose by just 0.1 per cent, dampening demand for imports to increase pressure on the worldwide supply chain.

China’s exports in the first six months of 2019 rose by just 0.1 per cent, dampening demand for imports to increase pressure on the worldwide supply chain.

26 Jul 2019 - 6:08AM
Chinese steelmaker that cooked the books shows struggle to revive rust belt

Shanghai-listed Fushun Special Steel was found to have fabricated financial numbers for its inventory, earnings and fixed-asset investments.

Shanghai-listed Fushun Special Steel was found to have fabricated financial numbers for its inventory, earnings and fixed-asset investments.

15 Jul 2019 - 10:37AM
Economic improvement in China’s northeast rust belt is just skin deep as state firms continue to bleed

Liaoning reported 6.1 per cent growth in the first quarter of 2019 but its state-owned industrial giants continue to haemorrhage funds.

Liaoning reported 6.1 per cent growth in the first quarter of 2019 but its state-owned industrial giants continue to haemorrhage funds.

15 Jul 2019 - 10:32AM
Chinese banks may not have enough capital to lend economy out of slowdown, says Fitch

Despite pressure from Beijing to lend to private sector and help arrest China’s economic downturn, the country’s banks may not have enough money.

Despite pressure from Beijing to lend to private sector and help arrest China’s economic downturn, the country’s banks may not have enough money.

9 Jul 2019 - 7:45PM
China’s foreign exchange reserves rise faster than expected in June

The larger-than-expected US$18.2 billion increase comes despite ‘increasing uncertain external factors’, according to the foreign exchange regulator.

The larger-than-expected US$18.2 billion increase comes despite ‘increasing uncertain external factors’, according to the foreign exchange regulator.

8 Jul 2019 - 11:04PM
US-China trade truce increases pressure at home for both Trump, Xi to cut a deal, analysts say

US President Donald Trump is entering the 2020 election cycle, while Chinese counterpart Xi Jinping can also not seen to be weak.

US President Donald Trump is entering the 2020 election cycle, while Chinese counterpart Xi Jinping can also not seen to be weak.

5 Jul 2019 - 9:00PM
Apple supplier sets up shop in Indonesia as island of Batam profits from US-China trade war

Pegatron Corporation is one of many firms diversifying their manufacturing away from China, with a US$40 million project to make wireless chips and semiconductors.

Pegatron Corporation is one of many firms diversifying their manufacturing away from China, with a US$40 million project to make wireless chips and semiconductors.

28 Jun 2019 - 12:46AM
Uncertainty over US-China trade deal between Donald Trump and Xi Jinping at G20 fuels global recession fears

It is hoped Xi Jinping and US counterpart Donald Trump will meet in Japan later this month to at least stop tariffs on a further US$300 billion of Chinese imports.

It is hoped Xi Jinping and US counterpart Donald Trump will meet in Japan later this month to at least stop tariffs on a further US$300 billion of Chinese imports.

12 Jun 2019 - 9:20AM
China’s foreign exchange reserves rebound in May, gold holdings also rise

Speculation that China could use massive reserves, mostly US dollar-denominated assets, to counter trade war moves by US President Donald Trump.

Speculation that China could use massive reserves, mostly US dollar-denominated assets, to counter trade war moves by US President Donald Trump.

11 Jun 2019 - 12:10PM
Guangdong’s move to ease limits, boost China’s car sales met with scepticism by analysts and residents

Guangzhou’s quota will be increased by 100,000 and Shenzhen’s by 80,000, but move ‘will serve as short-term stimulus’ in efforts to offset US-China trade war.

Guangzhou’s quota will be increased by 100,000 and Shenzhen’s by 80,000, but move ‘will serve as short-term stimulus’ in efforts to offset US-China trade war.

8 Jun 2019 - 11:23PM
China has ‘ability and confidence’ to meet any challenge posed by trade war, Xi Jinping says

Despite slowdown in global growth, China’s economy has achieved steady expansion, president tells Russian media ahead of state visit.

Despite slowdown in global growth, China’s economy has achieved steady expansion, president tells Russian media ahead of state visit.

6 Jun 2019 - 2:00PM
China’s home-grown brands benefiting from resurgence as trade war shifts focus closer to home

The increased demand comes amid Beijing’s drive to shift away from an export-oriented economy to one driven by domestic consumption amid the US-China trade war.

The increased demand comes amid Beijing’s drive to shift away from an export-oriented economy to one driven by domestic consumption amid the US-China trade war.

4 Jun 2019 - 7:45PM
Armyworm to bite China’s under pressure food supply within two months as trade war tariffs limit US crop imports

The pest has already attacked crops in 13 provinces and regions in southern China after African swine fever forced China to slaughter millions of pigs.

The pest has already attacked crops in 13 provinces and regions in southern China after African swine fever forced China to slaughter millions of pigs.

22 May 2019 - 4:24PM
China’s coal capital is dying as local natural resources are exhausted

For more than a century, coal was the centre of life for the residents of Fushun, 50km from the Liaoning provincial capital of Shenyang, earning the city the nickname “capital of coal”.

For more than a century, coal was the centre of life for the residents of Fushun, 50km from the Liaoning provincial capital of Shenyang, earning the city the nickname “capital of coal”.

10 May 2019 - 5:31PM
China’s rust belt starting to shine with new economy firms, but the prosperous south still leads the way

The services industry in the provinces of Liaoning, Jilin and Heilongjiang combined is less than a third of the size of Guangdong’s.

The services industry in the provinces of Liaoning, Jilin and Heilongjiang combined is less than a third of the size of Guangdong’s.

10 May 2019 - 4:45PM