Frank Tang

Frank Tang joined the Post in 2016 after a decade of China economy coverage and government policy analysis. He is based in Beijing where he reports on China's economy and finance matters.
Frank Tang
Frank Tang joined the Post in 2016 after a decade of China economy coverage and government policy analysis. He is based in Beijing where he reports on China's economy and finance matters.

Latest from Frank Tang

China keeps credit tape open to bolster growth despite a spike in pork-driven consumer inflation

The People’s Bank of China (PBOC) on Tuesday said that banks extended 1.69 trillion yuan (US$240 billion) in September, a rise from 1.21 trillion yuan in August.

3 hours ago

The People’s Bank of China (PBOC) on Tuesday said that banks extended 1.69 trillion yuan (US$240 billion) in September, a rise from 1.21 trillion yuan in August.

China keeps credit tape open to bolster growth despite a spike in pork-driven consumer inflation
China’s pork crisis sends consumer inflation rising to the brink of Beijing’s limit, highest level in six years

September’s consumer price index was 3.0 per cent, largely due to soaring pork prices, while the producer price index fell further into deflation at minus 1.2 per cent.

4 hours ago

September’s consumer price index was 3.0 per cent, largely due to soaring pork prices, while the producer price index fell further into deflation at minus 1.2 per cent.

China’s pork crisis sends consumer inflation rising to the brink of Beijing’s limit, highest level in six years
China’s sharp drop in imports led by weaker demand for aircraft, soybeans and smartphone screens

China's imports dropped by 5 per cent in the first nine months of 2019, reflecting a slowdown in the world’s second biggest economy.

14 Oct 2019 - 10:17PM

China's imports dropped by 5 per cent in the first nine months of 2019, reflecting a slowdown in the world’s second biggest economy.

China’s sharp drop in imports led by weaker demand for aircraft, soybeans and smartphone screens
China counts the environmental cost of its construction boom, as 1.5 billion tonnes of waste created every year, report says

Demolition, renovation and new-build projects create more than 1.5 billion tonnes of waste every year, but only 100 million tonnes are properly processed, magazine report says.

14 Oct 2019 - 12:18PM

Demolition, renovation and new-build projects create more than 1.5 billion tonnes of waste every year, but only 100 million tonnes are properly processed, magazine report says.

China counts the environmental cost of its construction boom, as 1.5 billion tonnes of waste created every year, report says
China must boost research and education to ‘break US-imposed technology containment’, academic warns

Xiang Songzuo, an outspoken economist at the Renmin University of China, believes change is essential to create a new driver for economic growth.

15 Oct 2019 - 2:17AM

Xiang Songzuo, an outspoken economist at the Renmin University of China, believes change is essential to create a new driver for economic growth.

China must boost research and education to ‘break US-imposed technology containment’, academic warns
China to give local governments bigger share of tax revenues to continue crucial infrastructure investments

Local governments will receive 50 per cent of the country’s value-added tax revenue, as well as a share of income from sales taxes, according to China’s State Council.

11 Oct 2019 - 10:47PM

Local governments will receive 50 per cent of the country’s value-added tax revenue, as well as a share of income from sales taxes, according to China’s State Council.

China to give local governments bigger share of tax revenues to continue crucial infrastructure investments
China’s growth outlook cut by World Bank as US trade war continues to weigh on economy

The Washington-based World Bank cuts China’s 2019 gross domestic product forecast to 6.1 per cent, just above the bottom-end of the government’s target range.

10 Oct 2019 - 10:09PM

The Washington-based World Bank cuts China’s 2019 gross domestic product forecast to 6.1 per cent, just above the bottom-end of the government’s target range.

China’s growth outlook cut by World Bank as US trade war continues to weigh on economy
China relaxes grip on mortgage rates and Shanghai jumps to cut, showing challenges in curbing speculation

China’s central bank has introduced a new mortgage rate interest system, granting banks greater autonomy in setting the prices they can charge clients.

10 Oct 2019 - 9:33AM

China’s central bank has introduced a new mortgage rate interest system, granting banks greater autonomy in setting the prices they can charge clients.

China relaxes grip on mortgage rates and Shanghai jumps to cut, showing challenges in curbing speculation
China’s ‘golden week’ loses some of its shine as consumers show reluctance to spend amid US trade war

Retail and catering sales rose 8.5 per cent, decelerating from a 2018 growth rate of 9.5 per cent, marking the slowest growth since the comparison was published in 2001.

8 Oct 2019 - 10:54PM

Retail and catering sales rose 8.5 per cent, decelerating from a 2018 growth rate of 9.5 per cent, marking the slowest growth since the comparison was published in 2001.

China’s ‘golden week’ loses some of its shine as consumers show reluctance to spend amid US trade war
Facebook’s Libra poses a threat to China’s financial sovereignty, plans to use yuan overseas, analysts say

Libra was unveiled three months ago and is pending global regulatory approvals, while China’s digital currency electronic payment is believed to be ready to launch.

30 Sep 2019 - 9:20PM

Libra was unveiled three months ago and is pending global regulatory approvals, while China’s digital currency electronic payment is believed to be ready to launch.

Facebook’s Libra poses a threat to China’s financial sovereignty, plans to use yuan overseas, analysts say
China to survey 30,000 households about debt levels as financial risks continue to rise

Study will provide government with a clearer picture of people’s repayment capabilities and could influence future macroeconomic policy decisions, lender says.

30 Sep 2019 - 9:28AM

Study will provide government with a clearer picture of people’s repayment capabilities and could influence future macroeconomic policy decisions, lender says.

China to survey 30,000 households about debt levels as financial risks continue to rise
China’s central bank eyes ‘noticeable decline’ in interest rates to help drive growth

People’s Bank of China says it will ‘make flexible use of multiple monetary tools to maintain reasonably ample liquidity … deepen interest rate liberalisation’.

30 Sep 2019 - 8:52AM

People’s Bank of China says it will ‘make flexible use of multiple monetary tools to maintain reasonably ample liquidity … deepen interest rate liberalisation’.

China’s central bank eyes ‘noticeable decline’ in interest rates to help drive growth
China sells 10 billion yuan of bills in Hong Kong to protect currency ahead of National Day, US trade war talks

The People’s Bank of China’s auctioned 10 billion yuan (US$1.4 billion) of six-month bills in the embattled city on Thursday.

26 Sep 2019 - 10:58PM

The People’s Bank of China’s auctioned 10 billion yuan (US$1.4 billion) of six-month bills in the embattled city on Thursday.

China sells 10 billion yuan of bills in Hong Kong to protect currency ahead of National Day, US trade war talks
China’s troubled banks ‘engaged in blind expansion’ but financial stability remains solid, says central bank chief

People’s Bank of China governor Yi Gang addressed plans for bailing out regional banks after Baoshang Bank, Jinzhou Bank and Hengfeng Bank all ran into difficulties.

25 Sep 2019 - 6:00PM

People’s Bank of China governor Yi Gang addressed plans for bailing out regional banks after Baoshang Bank, Jinzhou Bank and Hengfeng Bank all ran into difficulties.

China’s troubled banks ‘engaged in blind expansion’ but financial stability remains solid, says central bank chief
China has ‘no timetable’ for launch of its digital currency, says central bank governor

People’s Bank of China head Yi Gang says a series of regulatory issues need to be addressed before Beijing can issue sovereign digital currency.

26 Sep 2019 - 9:47AM

People’s Bank of China head Yi Gang says a series of regulatory issues need to be addressed before Beijing can issue sovereign digital currency.

China has ‘no timetable’ for launch of its digital currency, says central bank governor
China points finger at US trade war after US$940 billion sovereign wealth fund suffers negative growth in 2018

China Investment Corporation (CIC) saw a 2.35 per cent negative return on its overseas investment portfolio in 2018 in contrast to the gain of 17.6 per cent in 2017.

20 Sep 2019 - 11:05PM

China Investment Corporation (CIC) saw a 2.35 per cent negative return on its overseas investment portfolio in 2018 in contrast to the gain of 17.6 per cent in 2017.

China points finger at US trade war after US$940 billion sovereign wealth fund suffers negative growth in 2018
China cuts short-term interest rates slightly in latest bid to help companies hit by US trade war

One-year loan prime rate set to 4.20 per cent from 4.25 per cent following rate reductions by US Federal Reserve and European Central Bank last week.

20 Sep 2019 - 11:05PM

One-year loan prime rate set to 4.20 per cent from 4.25 per cent following rate reductions by US Federal Reserve and European Central Bank last week.

China cuts short-term interest rates slightly in latest bid to help companies hit by US trade war
China’s workforce saving more for retirement amid concerns about state pension, survey finds

Data reveals half of Chinese have begun saving for retirement, up from 46 per cent in 2018.

20 Sep 2019 - 7:48AM

Data reveals half of Chinese have begun saving for retirement, up from 46 per cent in 2018.

China’s workforce saving more for retirement amid concerns about state pension, survey finds
China pushing ahead with controversial corporate social credit rating system for 33 million firms

The National Reform and Development Commission has completed its initial assessments, which will be used to label firms excellent, good, fair or poor.

18 Sep 2019 - 4:56AM

The National Reform and Development Commission has completed its initial assessments, which will be used to label firms excellent, good, fair or poor.

China pushing ahead with controversial corporate social credit rating system for 33 million firms
China economic slowdown sparks debate over what caused the slump, and how Beijing should intervene

New data released on Monday highlighted the decline underway in China’s industrial economy, and the difficulty in pinpointing the root cause of the problems.

16 Sep 2019 - 10:33PM

New data released on Monday highlighted the decline underway in China’s industrial economy, and the difficulty in pinpointing the root cause of the problems.

China economic slowdown sparks debate over what caused the slump, and how Beijing should intervene
China’s central bank to stick to its guns by lowering interest rates despite soaring pork price, analysts say

The People’s Bank of China is under pressure to provide liquidity to support growth with the US Federal Reserve and European Central Bank also planning changes.

12 Sep 2019 - 9:10PM

The People’s Bank of China is under pressure to provide liquidity to support growth with the US Federal Reserve and European Central Bank also planning changes.

China’s central bank to stick to its guns by lowering interest rates despite soaring pork price, analysts say
China tipped to start rate cutting ‘road map’ as early as next week, as economic slowdown deepens

Front-page commentary in state-owned China Securities Journal said that People’s Bank of China now had a ‘road map’ for China’s interest rate trajectory.

11 Sep 2019 - 9:44PM

Front-page commentary in state-owned China Securities Journal said that People’s Bank of China now had a ‘road map’ for China’s interest rate trajectory.

China tipped to start rate cutting ‘road map’ as early as next week, as economic slowdown deepens
China outstanding bank loans fell in August, backing new moves to boost credit to support economy

Aggregate financing, the broadest measure of credit support for the real economy, rose to 1.98 trillion yuan last month, well over expectations of 1.60 trillion yuan.

11 Sep 2019 - 7:12PM

Aggregate financing, the broadest measure of credit support for the real economy, rose to 1.98 trillion yuan last month, well over expectations of 1.60 trillion yuan.

China outstanding bank loans fell in August, backing new moves to boost credit to support economy
China has a choice between the ‘grey rhino’ risk of rising debt or the ‘black swan’ threat of an economic slowdown

Beijing changes course on macroeconomic policy to cope with slowdown pressure amid the trade war with the United States.

10 Sep 2019 - 4:53PM

Beijing changes course on macroeconomic policy to cope with slowdown pressure amid the trade war with the United States.

China has a choice between the ‘grey rhino’ risk of rising debt or the ‘black swan’ threat of an economic slowdown
China, US urged to ease trade war tensions that are ‘weighing on’ global commerce, says IMF chief economist

Gita Gopinath, the International Monetary Fund’s (IMF) chief economist said in Beijing on Friday, said that ‘there has been weakness in trade across the board’

6 Sep 2019 - 9:30PM

Gita Gopinath, the International Monetary Fund’s (IMF) chief economist said in Beijing on Friday, said that ‘there has been weakness in trade across the board’

China, US urged to ease trade war tensions that are ‘weighing on’ global commerce, says IMF chief economist
China cuts banks’ reserve requirements in latest effort to boost economy amid US trade war

People’s Bank of China cuts reserve requirement for all banks by 0.50 percentage point effect September 16.

7 Sep 2019 - 12:01AM

People’s Bank of China cuts reserve requirement for all banks by 0.50 percentage point effect September 16.

China cuts banks’ reserve requirements in latest effort to boost economy amid US trade war
China’s latest efforts to focus on fine tuning ‘weak economic links’ as downward pressure mounts

State Council calls for more subsidies for low-income consumers and more special purpose bonds to fund additional spending on infrastructure and other project.

5 Sep 2019 - 10:58PM

State Council calls for more subsidies for low-income consumers and more special purpose bonds to fund additional spending on infrastructure and other project.

China’s latest efforts to focus on fine tuning ‘weak economic links’ as downward pressure mounts
China in new growth push to fight prolonged US trade war, top policy body indicates

Financial Stability and Development Commission, chaired by Vice-Premier Liu He, says Beijing is ready to step up help for the growth amid escalated trade tensions.

3 Sep 2019 - 11:03PM

Financial Stability and Development Commission, chaired by Vice-Premier Liu He, says Beijing is ready to step up help for the growth amid escalated trade tensions.

China in new growth push to fight prolonged US trade war, top policy body indicates
China calls on local governments to ‘defuse the bomb’ of troubled small banks

Beijing lays out road map after Baoshang Bank, Jinzhou Bank and Hengfeng Bank all ran into trouble in recent months.

30 Aug 2019 - 10:56PM

Beijing lays out road map after Baoshang Bank, Jinzhou Bank and Hengfeng Bank all ran into trouble in recent months.

China calls on local governments to ‘defuse the bomb’ of troubled small banks
China could depreciate yuan further if trade war escalates, IMF says, rebuking currency manipulator charge

Senior IMF staffer in Beijing says that China should be able to depreciate yuan if trade war escalates, saying ‘that is what exchange rates are for’.

30 Aug 2019 - 9:30AM

Senior IMF staffer in Beijing says that China should be able to depreciate yuan if trade war escalates, saying ‘that is what exchange rates are for’.

China could depreciate yuan further if trade war escalates, IMF says, rebuking currency manipulator charge