Frank Tang

Beijing

Frank Tang

Beijing-based reporter covering Chinese economy and finance

Frank Tang joined the SCMP in 2016 after a decade of China economy coverage and government policy analysis.

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Latest from Frank Tang

Delayed US-China trade review could give Beijing some breathing space as Donald Trump seeks re-election

The two sides were due to review their phase one trade deal after six months, but one observer said the delay was ‘no bad thing’.

5 hours ago

The two sides were due to review their phase one trade deal after six months, but one observer said the delay was ‘no bad thing’.

Delayed US-China trade review could give Beijing some breathing space as Donald Trump seeks re-election
China’s yuan continues to grow as an international currency, central bank says

‘We expect more market participants will accept yuan as settlement and payment currency,’ People’s Bank of China says in annual report.

15 Aug 2020 - 9:44PM

‘We expect more market participants will accept yuan as settlement and payment currency,’ People’s Bank of China says in annual report.

China’s yuan continues to grow as an international currency, central bank says
Chinese banks warned to ‘stay on high alert’ for possible pain of US financial sanctions

Experts say China’s state-owned financial institutions could be the first group hit by American sanctions similar to those that have been imposed on North Korea, Iran, Venezuela and Russia.

14 Aug 2020 - 10:12PM

Experts say China’s state-owned financial institutions could be the first group hit by American sanctions similar to those that have been imposed on North Korea, Iran, Venezuela and Russia.

Chinese banks warned to ‘stay on high alert’ for possible pain of US financial sanctions
China’s top bank regulator sees surge of bad loans straining financial system in 2020, 2021

Hidden bad loans threaten to wipe out bank profits and erode capital bases, especially at China’s small and regional banks that have come under fire for years of undisciplined balance sheet expansion and fraud.

13 Aug 2020 - 10:34PM

Hidden bad loans threaten to wipe out bank profits and erode capital bases, especially at China’s small and regional banks that have come under fire for years of undisciplined balance sheet expansion and fraud.

China’s top bank regulator sees surge of bad loans straining financial system in 2020, 2021
US sanctions: economist Yu Yongding flags risk of Chinese bank assets being seized overseas

As risk of an all-out financial war between United States and China grows, heavyweight economist Yu Yongding says Beijing must prepare for worst-case scenario.

13 Aug 2020 - 6:50AM

As risk of an all-out financial war between United States and China grows, heavyweight economist Yu Yongding says Beijing must prepare for worst-case scenario.

US sanctions: economist Yu Yongding flags risk of Chinese bank assets being seized overseas
China’s exports to show ‘remarkable’ rise despite coronavirus and US decoupling threat, customs chief says

Customs Minister Ni Yuefeng says China’s global exports rose by 0.1 percentage points in the first four months of 2020 after showing strong recovery from the coronavirus and the threat of decoupling from the United States.

12 Aug 2020 - 10:59PM

Customs Minister Ni Yuefeng says China’s global exports rose by 0.1 percentage points in the first four months of 2020 after showing strong recovery from the coronavirus and the threat of decoupling from the United States.

China’s exports to show ‘remarkable’ rise despite coronavirus and US decoupling threat, customs chief says
China’s new economic strategy to rely on domestic market is not a closed-door policy, Beijing advisers say

China plans to reduce reliance on exports and state-led investment, and instead focus on its huge domestic market, but instead of a response to a hostile outside world, it actually involves attracting investment and signing trade deals, Beijing advisers say.

12 Aug 2020 - 6:37AM

China plans to reduce reliance on exports and state-led investment, and instead focus on its huge domestic market, but instead of a response to a hostile outside world, it actually involves attracting investment and signing trade deals, Beijing advisers say.

China’s new economic strategy to rely on domestic market is not a closed-door policy, Beijing advisers say
US-China trade war: Beijing will honour phase one deal by opening financial sector wider, its central bank chief says

Beijing’s intention to continue honouring trade deal, requiring China to significantly increase purchases of US goods and services, reflects the Chinese government’s efforts to keep US-China ties from deteriorating further.

13 Aug 2020 - 9:11AM

Beijing’s intention to continue honouring trade deal, requiring China to significantly increase purchases of US goods and services, reflects the Chinese government’s efforts to keep US-China ties from deteriorating further.

US-China trade war: Beijing will honour phase one deal by opening financial sector wider, its central bank chief says
China’s economy is turning inward, but will weak domestic demand undermine Xi Jinping’s vision?

China’s weak consumer spending, already under pressure from the coronavirus pandemic, could undermine President Xi Jinping’s inward-looking economic strategy, experts say.

4 Aug 2020 - 9:56PM

China’s weak consumer spending, already under pressure from the coronavirus pandemic, could undermine President Xi Jinping’s inward-looking economic strategy, experts say.

China’s economy is turning inward, but will weak domestic demand undermine Xi Jinping’s vision?
China urged to develop its own international payment system to counter risk of US financial sanctions

With concerns growing that Washington could impose sanctions on Chinese financial institutions over Hong Kong’s national security law, economists and former officials offer possible countermeasures to promote the yuan and mitigate risks to China.

30 Jul 2020 - 11:40PM

With concerns growing that Washington could impose sanctions on Chinese financial institutions over Hong Kong’s national security law, economists and former officials offer possible countermeasures to promote the yuan and mitigate risks to China.

China urged to develop its own international payment system to counter risk of US financial sanctions
China’s tech hub, Shenzhen, barely avoids economic contraction in first half of 2020

Stronger investment in Shenzhen, with hundreds of new construction projects in the first half of 2020, helped offset weak domestic spending and a decline in exports amid the pandemic.

29 Jul 2020 - 11:00PM

Stronger investment in Shenzhen, with hundreds of new construction projects in the first half of 2020, helped offset weak domestic spending and a decline in exports amid the pandemic.

China’s tech hub, Shenzhen, barely avoids economic contraction in first half of 2020
Is China rich enough to claim a ‘well-off society’? One ex-official says grand economic goal can wait

He Keng says announcing this year that China has successfully built up a ‘comprehensive well-off society’ would not be very convincing if most people have not felt a noticeable improvement in their quality of life or income.

28 Jul 2020 - 11:40PM

He Keng says announcing this year that China has successfully built up a ‘comprehensive well-off society’ would not be very convincing if most people have not felt a noticeable improvement in their quality of life or income.

Is China rich enough to claim a ‘well-off society’? One ex-official says grand economic goal can wait
Shanghai must become a global financial centre, report says

East China megacity needs to step up as uncertainties grow over Hong Kong’s status due to rising US-China tensions, according to research by Renmin University.

26 Jul 2020 - 10:56PM

East China megacity needs to step up as uncertainties grow over Hong Kong’s status due to rising US-China tensions, according to research by Renmin University.

Shanghai must become a global financial centre, report says
China to slash private lending rate cap from 24 per cent in effort to tackle ‘usurious loans’

China’s Supreme Court and top economic planning agency say the interest rate ceiling protected by law will be slashed in a crack down on ‘usurious loans’.

24 Jul 2020 - 10:40PM

China’s Supreme Court and top economic planning agency say the interest rate ceiling protected by law will be slashed in a crack down on ‘usurious loans’.

China to slash private lending rate cap from 24 per cent in effort to tackle ‘usurious loans’
China warned to prepare for ‘big rise’ in bad loans as financial system braces against coronavirus, rising global tensions

China’s official statistics paint a picture of a sound financial system, but cracks are appearing in the banking system at a grass-roots level.

24 Jul 2020 - 3:00PM

China’s official statistics paint a picture of a sound financial system, but cracks are appearing in the banking system at a grass-roots level.

China warned to prepare for ‘big rise’ in bad loans as financial system braces against coronavirus, rising global tensions
China economy, coronavirus and trade war on agenda for Xi Jinping at top-level Politburo meeting

Midyear meeting of China’s top decision-making body is worth watching, analysts say, as a rosy domestic situation may be overshadowed by a gathering storm abroad that threatens to have far-reaching implications in post-pandemic relations.

23 Jul 2020 - 9:08AM

Midyear meeting of China’s top decision-making body is worth watching, analysts say, as a rosy domestic situation may be overshadowed by a gathering storm abroad that threatens to have far-reaching implications in post-pandemic relations.

China economy, coronavirus and trade war on agenda for Xi Jinping at top-level Politburo meeting
Xi Jinping rallies China’s tech champions as rivalry with US intensifies

Xi Jinping has called on Chinese tech titans to align their business strategies with national needs, as the threat of decoupling with the US weighs on the economy.

22 Jul 2020 - 10:51PM

Xi Jinping has called on Chinese tech titans to align their business strategies with national needs, as the threat of decoupling with the US weighs on the economy.

Xi Jinping rallies China’s tech champions as rivalry with US intensifies
Is China’s second quarter GDP as rosy as it seems?

China says its economy rebounded strongly in the second quarter with a growth rate of 3.2 per cent from a year earlier, but some analysts say the numbers don’t add up.

20 Jul 2020 - 9:30AM

China says its economy rebounded strongly in the second quarter with a growth rate of 3.2 per cent from a year earlier, but some analysts say the numbers don’t add up.

Is China’s second quarter GDP as rosy as it seems?
China reopens cinemas for second time in further sign economy is recovering from coronavirus

Cinemas in areas deemed low-risk for coronavirus infections will be allowed to open again from Monday, but must follow strict rules, while those in medium and high-risk regions will remain closed.

16 Jul 2020 - 6:15PM

Cinemas in areas deemed low-risk for coronavirus infections will be allowed to open again from Monday, but must follow strict rules, while those in medium and high-risk regions will remain closed.

China reopens cinemas for second time in further sign economy is recovering from coronavirus
Hong Kong will remain ‘extremely important’ financial centre despite short-term security law fallout: Andrew Sheng

Hong Kong’s proximity to China means global financial managers will continue to flock to the city for access to the mainland, says prominent ex-financial regulator Andrew Sheng.

16 Jul 2020 - 2:40PM

Hong Kong’s proximity to China means global financial managers will continue to flock to the city for access to the mainland, says prominent ex-financial regulator Andrew Sheng.

Hong Kong will remain ‘extremely important’ financial centre despite short-term security law fallout: Andrew Sheng
China’s unemployment crisis shows no signs of easing as graduates face reality check due to coronavirus

China is set to release its June unemployment figure on Thursday, along with the headline gross domestic product (GDP) growth rate.

15 Jul 2020 - 10:55PM

China is set to release its June unemployment figure on Thursday, along with the headline gross domestic product (GDP) growth rate.

China’s unemployment crisis shows no signs of easing as graduates face reality check due to coronavirus
Hong Kong will stay China’s financial gateway to the world, former top banking official says

Liu Mingkang, one-time chairman of the CBRC, says the rule of law and personal freedom are foundations of the city’s status.

11 Jul 2020 - 11:00PM

Liu Mingkang, one-time chairman of the CBRC, says the rule of law and personal freedom are foundations of the city’s status.

Hong Kong will stay China’s financial gateway to the world, former top banking official says
Chinese officials bemoan ‘significant catch-up’ needed with US on chipmaking, as industrial decoupling looms

US restrictions on the flow of American technology to China have exposed weak links in the domestic economy, former industry minister Li Yizhong says.

10 Jul 2020 - 10:48PM

US restrictions on the flow of American technology to China have exposed weak links in the domestic economy, former industry minister Li Yizhong says.

Chinese officials bemoan ‘significant catch-up’ needed with US on chipmaking, as industrial decoupling looms
Chinese academics claim US has started cold war as tensions simmer over South China Sea, Xinjiang, Tibet, Hong Kong

Survey offers a glimpse into China’s perception of its growing rivalry with the US over the South China Sea, Xinjiang, Tibet and Hong Kong.

8 Jul 2020 - 10:14PM

Survey offers a glimpse into China’s perception of its growing rivalry with the US over the South China Sea, Xinjiang, Tibet and Hong Kong.

Chinese academics claim US has started cold war as tensions simmer over South China Sea, Xinjiang, Tibet, Hong Kong
China approves plan to boost prominence of state firms, despite complaints from trade partners

China has rolled out a three-year plan to boost the standing of state firms, despite complaints from trade partners that these companies have unfair advantages.

8 Jul 2020 - 9:31PM

China has rolled out a three-year plan to boost the standing of state firms, despite complaints from trade partners that these companies have unfair advantages.

China approves plan to boost prominence of state firms, despite complaints from trade partners
National security law: China won’t be ‘threatened’ but is braced for US financial sanctions, Beijing official says

Hong Kong adopted the national security law on Tuesday, and US lawmakers responded on Thursday by passing the Hong Kong Autonomy Act that requires sanctions against individuals and banks over the erosion of the city’s autonomy.

3 Jul 2020 - 9:59PM

Hong Kong adopted the national security law on Tuesday, and US lawmakers responded on Thursday by passing the Hong Kong Autonomy Act that requires sanctions against individuals and banks over the erosion of the city’s autonomy.

National security law: China won’t be ‘threatened’ but is braced for US financial sanctions, Beijing official says
Hong Kong security law: China doubles down on support for city as finance hub as concerns mount over its future

China is expanding financial schemes in Hong Kong to cement its status as a commercial gateway amid concerns about the impact of the new national security law.

3 Jul 2020 - 10:59PM

China is expanding financial schemes in Hong Kong to cement its status as a commercial gateway amid concerns about the impact of the new national security law.

Hong Kong security law: China doubles down on support for city as finance hub as concerns mount over its future
Shanghai’s quest to be global financial centre gains impetus from Hong Kong troubles but big obstacles remain

As questions linger over Hong Kong’s status as a global finance hub, China’s decades-old quest to make Shanghai the country’s premier financial centre has gained a bit of momentum, but large obstacles remain.

3 Jul 2020 - 12:14PM

As questions linger over Hong Kong’s status as a global finance hub, China’s decades-old quest to make Shanghai the country’s premier financial centre has gained a bit of momentum, but large obstacles remain.

Shanghai’s quest to be global financial centre gains impetus from Hong Kong troubles but big obstacles remain
US downgraded to ‘medium risk’ for China investment as relations turn sour amid ‘higher uncertainties’

The US dropped nine places from last year to 27th on the list of 114 countries assessed for their risk to Chinese investors by the Chinese Academy of Social Sciences (CASS).

29 Jun 2020 - 10:58PM

The US dropped nine places from last year to 27th on the list of 114 countries assessed for their risk to Chinese investors by the Chinese Academy of Social Sciences (CASS).

US downgraded to ‘medium risk’ for China investment as relations turn sour amid ‘higher uncertainties’
China debt market feeling the heat in June with two big defaults and a government order to reduce risk

Debt levels in China are rising quickly amid the fallout from the coronavirus outbreak, reflecting the growing risk if Beijing fails to achieve a high enough nominal growth rate to help with repayments.

26 Jun 2020 - 10:51PM

Debt levels in China are rising quickly amid the fallout from the coronavirus outbreak, reflecting the growing risk if Beijing fails to achieve a high enough nominal growth rate to help with repayments.

China debt market feeling the heat in June with two big defaults and a government order to reduce risk