Frank Tang

Beijing

Frank Tang

Reporter, Finance

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

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Latest from Frank Tang

China economy: data paints bleak picture of coronavirus-hit activity

China has doubled down on its dynamic zero-Covid strategy to contain coronavirus outbreaks, disrupting businesses in a string of Chinese cities.

China has doubled down on its dynamic zero-Covid strategy to contain coronavirus outbreaks, disrupting businesses in a string of Chinese cities.

16 May 2022 - 9:41AM
China yuan: IMF win as currency granted higher weight in special drawing rights

China’s will for opening up is unshakeable, central bank says, responding to doubts over dual circulation and zero-Covid strategies.

China’s will for opening up is unshakeable, central bank says, responding to doubts over dual circulation and zero-Covid strategies.

16 May 2022 - 12:31PM
China’s yuan depreciation complicates trade outlook, leaves manufacturers ‘nervous and passive’

China’s yuan continued to weaken against the US dollar on Friday, further complicating the outlook for manufacturers amid a slowing economy, coronavirus disruptions and an aggressive US Federal Reserve interest rate policy.

China’s yuan continued to weaken against the US dollar on Friday, further complicating the outlook for manufacturers amid a slowing economy, coronavirus disruptions and an aggressive US Federal Reserve interest rate policy.

14 May 2022 - 5:40AM
China’s imports from Russia surge to new high, defying US calls to cut ties over Ukraine war

China’s monthly imports from Russia hit a record high of US$8.89 billion in April, up 56.6 per cent from a year earlier, but exports to its northern neighbour were down last month.

China’s monthly imports from Russia hit a record high of US$8.89 billion in April, up 56.6 per cent from a year earlier, but exports to its northern neighbour were down last month.

9 May 2022 - 8:00PM
China’s coronavirus controls are ‘throttling US business confidence’, American lobby groups says

A growing number of American firms are cutting revenue projections for China this year and say attracting foreign talent is becoming difficult, a new survey from a US business lobby shows.

A growing number of American firms are cutting revenue projections for China this year and say attracting foreign talent is becoming difficult, a new survey from a US business lobby shows.

9 May 2022 - 6:38PM
China inflation: Beijing prioritises price stabilisation as stagflation risk increases

China’s consumer price index (CPI) could rise to as much as 2.1 per cent in April from 1.5 per cent in March, with the World Bank warning of ‘the largest commodity shock we’ve experienced since the 1970s’.

China’s consumer price index (CPI) could rise to as much as 2.1 per cent in April from 1.5 per cent in March, with the World Bank warning of ‘the largest commodity shock we’ve experienced since the 1970s’.

7 May 2022 - 7:55AM
China’s US ambassador decries ‘political virus’ hurting bilateral economic ties between ‘natural partners’

Qin Gang blasts tariffs and says China is ‘mindful of more difficulties and challenges’ in trade and business with the United States.

Qin Gang blasts tariffs and says China is ‘mindful of more difficulties and challenges’ in trade and business with the United States.

6 May 2022 - 7:15PM
US Fed rate hike: how can China stem capital outflow and prop up the yuan?

As the US central bank announces its sharpest rate increase in 22 years to address decades-high inflation, analysts speculate on how Beijing will try to soften the economic blow.

As the US central bank announces its sharpest rate increase in 22 years to address decades-high inflation, analysts speculate on how Beijing will try to soften the economic blow.

6 May 2022 - 12:12AM
China economy: Politburo vows new tools, refined policies will help address coronavirus-induced turmoil

With large-scale lockdowns of major cities taking a heavy toll on the economy, China’s Politburo touches on ways it will address headwinds and uncertainties.

With large-scale lockdowns of major cities taking a heavy toll on the economy, China’s Politburo touches on ways it will address headwinds and uncertainties.

29 Apr 2022 - 5:33PM
China’s big new infrastructure plan prioritises national security in face of ‘extreme conditions’ at home, abroad

The top-level plan is seen as a departure from when Beijing underscored financial risk controls last year, and it comes just ahead of a Politburo meeting that will lay out priorities to tackle mounting risks.

The top-level plan is seen as a departure from when Beijing underscored financial risk controls last year, and it comes just ahead of a Politburo meeting that will lay out priorities to tackle mounting risks.

28 Apr 2022 - 9:18AM
China capital outflows: as US battles inflation, Beijing goes on alert for ‘spillover effects’ from rate hikes

Foreign investors have dumped Chinese equities and bonds at a rapid pace over the past two months, alarming officials in Beijing who are closely monitoring US rate tightening.

Foreign investors have dumped Chinese equities and bonds at a rapid pace over the past two months, alarming officials in Beijing who are closely monitoring US rate tightening.

27 Apr 2022 - 5:30AM
China ‘promptly responds’ to boost market sentiment as investor doubts grow over economic outlook

China has introduced new measures to shore up market sentiment as overseas investors become increasingly suspicious about the country’s handling of multiple headwinds.

China has introduced new measures to shore up market sentiment as overseas investors become increasingly suspicious about the country’s handling of multiple headwinds.

25 Apr 2022 - 10:20AM
China’s yuan risks ‘skewed towards further weakness’ as Beijing seeks to shore up economy under zero-Covid strategy

China’s yuan has depreciated by more than 1 per cent this week and by nearly 2 per cent this month, with policymakers concerned with stabilising prices and employment amid a slowing economy.

China’s yuan has depreciated by more than 1 per cent this week and by nearly 2 per cent this month, with policymakers concerned with stabilising prices and employment amid a slowing economy.

22 Apr 2022 - 6:29PM
China’s yuan weakens as concern about capital outflows, economic slowdown grows

The People’s Bank of China on Thursday lowered its official yuan midpoint as authorities weighed risks to financial stability and economic growth, as well as a narrowing interest rate spread between China and the United States.

The People’s Bank of China on Thursday lowered its official yuan midpoint as authorities weighed risks to financial stability and economic growth, as well as a narrowing interest rate spread between China and the United States.

21 Apr 2022 - 11:49PM
China’s Xi Jinping rails against ‘cold war mentality’ and US hegemony in call for global cooperation

In a thinly-veiled rebuke of the US, President Xi Jinping said ‘hegemonism and power politics will only breach global peace’, while emphasising the resilience of the Chinese economy.

In a thinly-veiled rebuke of the US, President Xi Jinping said ‘hegemonism and power politics will only breach global peace’, while emphasising the resilience of the Chinese economy.

22 Apr 2022 - 5:32AM
Ukraine crisis: China must prepare for ‘fragmented’ trade blocs, global financial crisis, Beijing adviser says

A top Chinese government adviser says the war between Russia and Ukraine is the result of a decades-long Western preoccupation with different ideologies, while warning the conflict could lead to another global financial crisis.

A top Chinese government adviser says the war between Russia and Ukraine is the result of a decades-long Western preoccupation with different ideologies, while warning the conflict could lead to another global financial crisis.

21 Apr 2022 - 12:53PM
China keeps lending rates steady, opts for ‘targeted measures’ to help firms hit by coronavirus wave

China has left its one-year loan prime rate (LPR) at 3.7 per cent, while the five-year LPR used for mortgages was unchanged at 4.6 per cent, showing a more cautious approach to supporting the economy.

China has left its one-year loan prime rate (LPR) at 3.7 per cent, while the five-year LPR used for mortgages was unchanged at 4.6 per cent, showing a more cautious approach to supporting the economy.

20 Apr 2022 - 1:07PM
Explainer | China economy: 5 defining moments over the past 25 years

As debate swirls in Beijing about how the government should respond to current economic challenges, we take a look back in recent history to see how China has weathered previous periods of economic uncertainty.

As debate swirls in Beijing about how the government should respond to current economic challenges, we take a look back in recent history to see how China has weathered previous periods of economic uncertainty.

20 Apr 2022 - 9:03AM
US, Taiwan defy Beijing in ‘sensitive moment’ when pressures are mounting on China

Relations between mainland China and the West are becoming increasingly complicated in the wake of Russia’s invasion of Ukraine.

Relations between mainland China and the West are becoming increasingly complicated in the wake of Russia’s invasion of Ukraine.

19 Apr 2022 - 9:00PM
China GDP: economy grew, but ‘more pain will come’ as coronavirus, lockdown pressures weigh on outlook

China’s economy grew by 4.8 per cent in the first quarter of 2022 compared with a year earlier, up from the 4 per cent growth seen in the fourth quarter of last year.

China’s economy grew by 4.8 per cent in the first quarter of 2022 compared with a year earlier, up from the 4 per cent growth seen in the fourth quarter of last year.

19 Apr 2022 - 11:38AM
China’s Hainan free-trade port plan enters ‘crucial year’ as Xi Jinping calls for ‘bigger’ economic opening

President Xi Jinping has said an independent customs regime must be in place in Hainan by 2025, an important step towards transforming the island into the world’s largest free-trade port.

President Xi Jinping has said an independent customs regime must be in place in Hainan by 2025, an important step towards transforming the island into the world’s largest free-trade port.

15 Apr 2022 - 10:00PM
China cuts reserve requirement ratio to boost economy, releasing US$83.2 billion into banking system

The decision by the People’s Bank of China on Friday comes two days after Premier Li Keqiang said there will be a ‘timely’ reduction in the reserve requirement ratio (RRR) to support the faltering economy.

The decision by the People’s Bank of China on Friday comes two days after Premier Li Keqiang said there will be a ‘timely’ reduction in the reserve requirement ratio (RRR) to support the faltering economy.

25 Apr 2022 - 1:30PM
China vows ‘necessary measures’ to defend investors amid Western pressure to take sides in Russia-Ukraine war

Western sanctions on Russia following its invasion of Ukraine have already caused disruption to China’s normal trade with its northern neighbour, according to the Ministry of Commerce on Thursday.

Western sanctions on Russia following its invasion of Ukraine have already caused disruption to China’s normal trade with its northern neighbour, according to the Ministry of Commerce on Thursday.

14 Apr 2022 - 10:04PM
China trade: unexpected fall in imports amid coronavirus, Ukraine war raises alarm for export machine

Strict coronavirus control measures like lockdowns have rippled through port operations and economic activity in China and will likely ‘show up with a lag’ in exports, experts say.

Strict coronavirus control measures like lockdowns have rippled through port operations and economic activity in China and will likely ‘show up with a lag’ in exports, experts say.

14 Apr 2022 - 11:29AM
China GDP: as lockdowns weigh on first quarter growth, will Beijing unleash more stimulus?

China’s first quarter economic growth data is expected to reflect pressure from widespread Covid-19 restrictions, with some experts saying a jolt of stimulus is needed to offset more challenges in the second half of the year.

China’s first quarter economic growth data is expected to reflect pressure from widespread Covid-19 restrictions, with some experts saying a jolt of stimulus is needed to offset more challenges in the second half of the year.

13 Apr 2022 - 12:47AM
‘China didn’t hoard grains’: stockpiling to ensure domestic food security has global implications

As food prices rise globally and war rages between two of the world’s biggest grain suppliers, Beijing is intent on doing what it must to secure adequate food for the most populous country.

As food prices rise globally and war rages between two of the world’s biggest grain suppliers, Beijing is intent on doing what it must to secure adequate food for the most populous country.

11 Apr 2022 - 5:00AM
US warns citizens travelling to China over risk of family separations, strict Covid-19 controls

The US State Department warns against travel to Jilin and Shanghai in mainland China, as well as Hong Kong, where it says there is a risk from ‘arbitrary’ law enforcement.

The US State Department warns against travel to Jilin and Shanghai in mainland China, as well as Hong Kong, where it says there is a risk from ‘arbitrary’ law enforcement.

11 Apr 2022 - 12:31PM
China’s coronavirus-hit economy needs ‘policy support to intensify’, Premier Li Keqiang says

Premier Li Keqiang’s focus on stabilising economic foundations comes amid business disruptions caused by China’s dynamic zero-Covid strategy, US Federal Reserve rate rises and the Russian invasion of Ukraine.

Premier Li Keqiang’s focus on stabilising economic foundations comes amid business disruptions caused by China’s dynamic zero-Covid strategy, US Federal Reserve rate rises and the Russian invasion of Ukraine.

11 Apr 2022 - 12:19PM
Explainer | How is China helping its smallest businesses survive Omicron coronavirus lockdowns?

Beijing has rolled out tax relief and other beneficial policies such as more favourable loan rates and rent exemptions for small and micro-sized firms, but analysts still expect a big hit to consumption this year.

Beijing has rolled out tax relief and other beneficial policies such as more favourable loan rates and rent exemptions for small and micro-sized firms, but analysts still expect a big hit to consumption this year.

9 Apr 2022 - 4:00PM
China’s European firms warn ‘on-off economy’, Covid lockdowns cloud business outlook

Beijing’s zero-tolerance policy for the coronavirus has resulted in stringent lockdowns and mass testing in major cities such as Shanghai, where several European firms have their Asia headquarters.

Beijing’s zero-tolerance policy for the coronavirus has resulted in stringent lockdowns and mass testing in major cities such as Shanghai, where several European firms have their Asia headquarters.

7 Apr 2022 - 1:06AM