Elaine Chan

Focuses on China business and finance
Elaine Chan
Focuses on China business and finance

Latest from Elaine Chan

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.

27 Sep 2019 - 7:28PM

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 trade slump set to continue amid US-China tensions, says senior trade official
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.

9 Sep 2019 - 4:08PM

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.

Can Hong Kong maintain its status amid protests despite Beijing’s push to turn Shenzhen into a financial hub?
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.

2 Aug 2019 - 12:00PM

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

China braces for tough second half of 2019 as it increases focus  on domestic economy in escalating trade war
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.

29 Jul 2019 - 11:28PM

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.

China’s pork prices to hit record level in 2019 due to African swine fever, even as imports surge, report says
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.

26 Jul 2019 - 6:08AM

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 weak exports in first half of 2019 are also bad news for its major trading partners
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.

15 Jul 2019 - 10:37AM

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

Chinese steelmaker that cooked the books shows struggle to revive rust belt
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.

15 Jul 2019 - 10:32AM

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

Economic improvement in China’s northeast rust belt is just skin deep as state firms continue to bleed
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.

9 Jul 2019 - 7:45PM

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.

Chinese banks may not have enough capital to lend economy out of slowdown, says Fitch
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.

8 Jul 2019 - 4:21PM

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

China’s foreign exchange reserves rise faster than expected in June
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.

5 Jul 2019 - 9:00PM

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

US-China trade truce increases pressure at home for both Trump, Xi to cut a deal, analysts say
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.

28 Jun 2019 - 12:46AM

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.

Apple supplier sets up shop in Indonesia as island of Batam profits from US-China trade war
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.

12 Jun 2019 - 9:20AM

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.

Uncertainty over US-China trade deal between Donald Trump and Xi Jinping at G20 fuels global recession fears
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.

11 Jun 2019 - 12:10PM

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

China’s foreign exchange reserves rebound in May, gold holdings also rise
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.

8 Jun 2019 - 11:23PM

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.

Guangdong’s move to ease limits, boost China’s car sales met with scepticism by analysts and residents
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.

6 Jun 2019 - 2:00PM

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

China has ‘ability and confidence’ to meet any challenge posed by trade war, Xi Jinping says
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.

4 Jun 2019 - 7:45PM

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.

China’s home-grown brands benefiting from resurgence as trade war shifts focus closer to home
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.

22 May 2019 - 4:24PM

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.

Armyworm to bite China’s under pressure food supply within two months as trade war tariffs limit US crop imports
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”.

10 May 2019 - 5:31PM

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”.

China’s coal capital is dying as local natural resources are exhausted
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.

10 May 2019 - 4:45PM

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

China’s rust belt starting to shine with new economy firms, but the prosperous south still leads the way
China’s exports suffer surprise fall in April amid heightened trade war tensions with United States

Exports dropped by 2.7 per cent in April, countering a 14.2 per cent rise in March and an economic growth rate of 6.4 per cent in the first quarter of 2019

8 May 2019 - 2:00PM

Exports dropped by 2.7 per cent in April, countering a 14.2 per cent rise in March and an economic growth rate of 6.4 per cent in the first quarter of 2019

China’s exports suffer surprise fall in April amid heightened trade war tensions with United States
China’s rust belt cities shrouded in uncertainty as exhausted natural resources shake China’s foundations

As the natural resources that gave rise to heavy industries in China’s northeast run dry, the cities that developed around coal mines are struggling to modernise.

10 May 2019 - 4:47PM

As the natural resources that gave rise to heavy industries in China’s northeast run dry, the cities that developed around coal mines are struggling to modernise.

China’s rust belt cities shrouded in uncertainty as exhausted natural resources shake China’s foundations
China’s Northeastern rust belt was once ‘eldest son’, now struggling as runt of the litter

Liaoning, Jilin and Heilongjiang were the birthplace of China’s industrialisation in the 1950s, but now contribute just 6.3 per cent to gross domestic product combined.

10 May 2019 - 4:48PM

Liaoning, Jilin and Heilongjiang were the birthplace of China’s industrialisation in the 1950s, but now contribute just 6.3 per cent to gross domestic product combined.

China’s Northeastern rust belt was once ‘eldest son’, now struggling as runt of the litter
China’s private firms in traditional low-tech sectors struggling without government support

Lack of access to capital at an affordable rate remains primary problem facing small and medium-sized manufacturers.

24 Apr 2019 - 9:47AM

Lack of access to capital at an affordable rate remains primary problem facing small and medium-sized manufacturers.

China’s private firms in traditional low-tech sectors struggling without government support
China’s private tutoring industry is booming despite economic slowdown

Private education spending is registering double-digit growth and has become a recession-proof sector.

25 Mar 2019 - 11:20PM

Private education spending is registering double-digit growth and has become a recession-proof sector.

China’s private tutoring industry is booming despite economic slowdown
China’s decision to ground Boeing 737 MAX 8 driven by safety concerns, not US-China trade war: experts say

Civil Aviation Administration of China ordered domestic carriers to temporarily ground the aircraft after fatal Ethiopian Airlines crash.

13 Mar 2019 - 10:48AM

Civil Aviation Administration of China ordered domestic carriers to temporarily ground the aircraft after fatal Ethiopian Airlines crash.

China’s decision to ground Boeing 737 MAX 8 driven by safety concerns, not US-China trade war: experts say
China vehicles sales falls for eighth straight month in February, damping hopes of economic upturn

The world’s biggest car market sold 1.48 million vehicles in February, a 13.8 per cent drop, while sales of passenger cars dropped 17.4 per cent to 1.22 million.

11 Mar 2019 - 10:26PM

The world’s biggest car market sold 1.48 million vehicles in February, a 13.8 per cent drop, while sales of passenger cars dropped 17.4 per cent to 1.22 million.

China vehicles sales falls for eighth straight month in February, damping hopes of economic upturn
China spreading ‘positive news’ of strong export rebound in early March after February plunge

Exports in the first nine days of March surged 39.9 per cent after February showed the largest drop in three years, led by a large fall in trade with the United States.

11 Mar 2019 - 11:29PM

Exports in the first nine days of March surged 39.9 per cent after February showed the largest drop in three years, led by a large fall in trade with the United States.

China spreading ‘positive news’ of strong export rebound in early March after February plunge
China growth to slow to 2 per cent over next decade as structural issues take hold, research firm says

Domestic structural issues are a bigger factor in the slowdown than impact from the US-China trade war.

8 Mar 2019 - 10:03AM

Domestic structural issues are a bigger factor in the slowdown than impact from the US-China trade war.

China growth to slow to 2 per cent over next decade as structural issues  take hold, research firm says
China’s ‘two sessions’: an economic watershed or just more of the same?

Future of the economy to be prime topic at meetings of the National People’s Congress and Chinese People’s Political Consultative Conference over the next two weeks.

5 Mar 2019 - 10:28AM

Future of the economy to be prime topic at meetings of the National People’s Congress and Chinese People’s Political Consultative Conference over the next two weeks.

China’s ‘two sessions’: an economic watershed or just more of the same?
Hong Kong economy surpassed by neighbour Shenzhen for first time in 2018 as China’s hi-tech hub soars

Hong Kong’s GDP rose to HK$2.85 trillion last year compared to 2.42 trillion yuan or HK$2.87 trillion in Shenzhen.

27 Feb 2019 - 11:20PM

Hong Kong’s GDP rose to HK$2.85 trillion last year compared to 2.42 trillion yuan or HK$2.87 trillion in Shenzhen.

Hong Kong economy surpassed by neighbour Shenzhen for first time in 2018 as China’s hi-tech hub soars