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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.
Latest from Frank Tang
Report sponsored by industry ministry recommends that China cuts its corporate income tax rate to 20 per cent to bring it in line with the US.
Economic forum told that structural reforms will be the best way to unlock the country’s economic potential.
Former bank chief Li Ruogu tells Sanya forum China should start making structural economic reforms that would help bring the trade war with the United States to an end.
The Central Economic Work Conference will take place in Beijing later this month with the uncertainty of the trade war with the United States still hanging over China.
US President Donald Trump said it is up to him to decide whether to make a deal with China, adding to a flurry of moves made by the United States in the previous 24 hours.
Central bank governor Yi Gang said in an article that inflation targets of ‘3 or 4 per cent’ were appropriate for developing countries, signalling China’s may be raised in 2020.
China should use its unique institutional advantages, and not the aggressive monetary policy easing seen during the global financial crisis, to address economic slowdown, central bank official says.
The move gives local governments more room to issue debt to fund infrastructure projects that could help prop up China’s slowing economy.
Speech by President Xi Jinping triggered surge in blockchain speculation, but the central bank warns of ‘severe disruption’ to economic and financial order.
Premier Li Keqiang says China will continue to use its small countercyclical adjustment tools and take measured steps to boost domestic consumption.
The upwards revision makes it easier for China to its reach goal of doubling the size of its economy between 2010 and 2020 with a lower growth rate next year.
China’s central bank cut its one-year and five-year Loan Prime Rate by 5 basis points on Wednesday, as expected.
Some analysts expect Beijing to set a growth target of ‘around 6 per cent’ for next year assuming a ‘phase one’ trade deal is signed with US.
In a week that China’s economy suffered a series of body blows, reformists were invited to offer their advice to top policymakers including Premier Li Keqiang.
The State Council has relaxed the minimum capital ratio requirement for some infrastructure projects to 20 per cent from 25 per cent in a bid to boost growth.
The National Institution for Finance and Development says China’s economic growth rate will slow to 5.8 per cent in 2020 from an estimated 6.1 per cent this year.
Zhu Yunlai, the former president of China’s first investment bank, says it is ‘impossible’ to rescue any economy by continuously printing money.
Zhou Xiaochuan, a former governor of China’s central bank, says the need for greater policy coordination among central banks is rising amid global trade friction.
The People’s Bank of China cut the medium-term lending facility rate by 5 basis points on Tuesday, the first reduction in more than three and a half years.
Blockchain, the technology that underlies bitcoin and other cryptocurrencies, was endorsed by President Xi Jinping last week, leading to an increase in interest.
China will sell a total of 30 billion yuan (US$4.3 billion) in yuan-denominated securities in Hong Kong on Thursday as it continues efforts to stabilise the yuan exchange rate.
The endorsement prompted a surge in the price of bitcoin, while blockchain development companies and institutions celebrated the blessing for the industry.
China’s central bank is unlikely to follow a widely expected interest rate cut from the US Federal Reserve in light of the country’s domestic situation, analysts say.
China has deployed top financial officials to work as vice-governors in nearly half of the country’s debt-laden provinces amid signs of growing economic risk.
China Communications Industry Association proposes that October 24 become the designated day to celebrate technology behind cryptocurrencies such as bitcoin.
China’s Communist Party elite convene this week to discuss ‘modernisation’ of state governance, but President Xi Jinping seen unlikely to give up control of the economy.
Negotiators have ‘agreed to appropriately resolve the core concerns of both parties’, Xinhua says.
Apple CEO Tim Cook joins the advisory board at a top Chinese university in Beijing with connections to state leaders as his company struggles for market share in China.
China’s growth for the remainder of this year and into 2020 is expected to slow further as the US-China trade war drags on.
The People’s Bank of China (PBOC) said on Tuesday that banks extended 1.69 trillion yuan (US$240 billion) in September, a rise from 1.21 trillion yuan in August.
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