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 increases minimum monthly wages despite soaring costs of US trade war

Beijing increased its base by 80 yuan (US$11) to 2,200 yuan (US$311) per month from July 1, after Shanghai’s increase to 2,480 yuan per month from April 1.

21 Aug 2019 - 10:59PM

Beijing increased its base by 80 yuan (US$11) to 2,200 yuan (US$311) per month from July 1, after Shanghai’s increase to 2,480 yuan per month from April 1.

China increases minimum monthly wages despite soaring costs of US trade war
China cut interest rates as part of market-oriented reform amid slowing economy

China lowered its lending reference rate to 4.25 per cent from the one-year official benchmark of 4.35 per cent as part of a long-term modernisation process.

20 Aug 2019 - 11:05PM

China lowered its lending reference rate to 4.25 per cent from the one-year official benchmark of 4.35 per cent as part of a long-term modernisation process.

China cut interest rates as part of market-oriented reform amid slowing economy
China’s central bank now has ‘bigger say’ over lending rates, but analysts question level of impact

The People’s Bank of China now requires banks to benchmark their loan rates against the medium-term lending facility instead of the official benchmark lending rates.

19 Aug 2019 - 10:54PM

The People’s Bank of China now requires banks to benchmark their loan rates against the medium-term lending facility instead of the official benchmark lending rates.

China’s central bank now has ‘bigger say’ over lending rates, but analysts question level of impact
China’s household debt has grown so much that trade war stimulus is largely ineffective, study shows

Chinese consumers’ high debt level makes government efforts to boost spending ineffective, despite vow to boost domestic economy to offset external headwinds.

7 Aug 2019 - 10:09PM

Chinese consumers’ high debt level makes government efforts to boost spending ineffective, despite vow to boost domestic economy to offset external headwinds.

China’s household debt has grown so much that trade war stimulus is largely ineffective, study shows
China hits back at ‘currency manipulator’ label as Donald Trump ratchets up US trade war

Markets slid on the potential further escalation in US-China tensions, with analysts predicting more tariffs to come.

7 Aug 2019 - 5:28AM

Markets slid on the potential further escalation in US-China tensions, with analysts predicting more tariffs to come.

China hits back at ‘currency manipulator’ label as Donald Trump ratchets up US trade war
China says ‘no such thing’ as currency manipulation despite US claim it depreciated yuan exchange rate

US Treasury declared China a ‘currency manipulator’ on Monday after the yuan fell below the key threshold of 7 to the US dollar for the first time since 2008.

6 Aug 2019 - 6:45PM

US Treasury declared China a ‘currency manipulator’ on Monday after the yuan fell below the key threshold of 7 to the US dollar for the first time since 2008.

China says ‘no such thing’ as currency manipulation despite US claim it depreciated yuan exchange rate
All but one of China’s provincial level governments ran deficit at start of 2019, raising further funding fears

Shanghai was the only authority that ran a surplus financial position in the first six months of the year, adding to fears after recent bank takeover and bailout.

5 Aug 2019 - 11:35PM

Shanghai was the only authority that ran a surplus financial position in the first six months of the year, adding to fears after recent bank takeover and bailout.

All but one of China’s provincial level governments ran deficit at start of 2019, raising further funding fears
China’s ‘weaponised’ yuan, report of suspended US farm purchases create grim outlook for trade talks

The yuan was allowed to weaken beyond the rate of 7 to the US dollar on Monday morning in response to Donald Trump’s threat of increased tariffs on Chinese goods.

6 Aug 2019 - 6:51PM

The yuan was allowed to weaken beyond the rate of 7 to the US dollar on Monday morning in response to Donald Trump’s threat of increased tariffs on Chinese goods.

China’s ‘weaponised’ yuan, report of suspended US farm purchases create grim outlook for trade talks
China’s central bank’s lack of independence less of an issue amid Donald Trump’s clashes with Fed

The People’s Bank of China dependent on direction from the government, while the US Federal Reserve has had to defend its independence under pressure from Donald Trump.

2 Aug 2019 - 11:13PM

The People’s Bank of China dependent on direction from the government, while the US Federal Reserve has had to defend its independence under pressure from Donald Trump.

China’s central bank’s lack of independence less of an issue amid Donald Trump’s clashes with Fed
China’s consumers reluctant to spend income despite need to offset trade war impact, survey shows

People’s Bank of China survey of 18,600 residents from 31 provinces shows income constraints and a preference to save money curb willingness to spend.

1 Aug 2019 - 2:48PM

People’s Bank of China survey of 18,600 residents from 31 provinces shows income constraints and a preference to save money curb willingness to spend.

China’s consumers reluctant to spend income despite need to offset trade war impact, survey shows
Fed cut could spark China interest rate reform, rather than easing from the central bank

With the US Federal Reserve expected to make first rate cut in a decade, all eyes are on the response from Beijing.

30 Jul 2019 - 10:48PM

With the US Federal Reserve expected to make first rate cut in a decade, all eyes are on the response from Beijing.

Fed cut could spark China interest rate reform, rather than easing from the central bank
China can turn US trade war ‘crisis into an opportunity’, says top leadership, as Donald Trump tweets complaint

Quarterly meeting of the country’s top leadership chaired by President Xi Jinping concluded China must rely on its domestic demand potential.

30 Jul 2019 - 11:27PM

Quarterly meeting of the country’s top leadership chaired by President Xi Jinping concluded China must rely on its domestic demand potential.

China can turn US trade war ‘crisis into an opportunity’, says top leadership, as Donald Trump tweets complaint
China’s central bank issues draft rules on financial holding companies in move to rein in risk

People’s Bank of China says ‘regulatory vacuum has led to risk accumulation and exposure’.

29 Jul 2019 - 9:42AM

People’s Bank of China says ‘regulatory vacuum has led to risk accumulation and exposure’.

China’s central bank issues draft rules on financial holding companies in move to rein in risk
US trade war, household debt and labour market raise questions over China’s latest bid to spur spending

National Development and Reform Commission will lead a body made up of 24 ministries to upgrade consumption and study new ways to boost spending.

25 Jul 2019 - 10:32PM

National Development and Reform Commission will lead a body made up of 24 ministries to upgrade consumption and study new ways to boost spending.

US trade war, household debt and labour market raise questions over China’s latest bid to spur spending
US trade war has cost China ‘almost 2 million industrial jobs’, investment bank CICC says

Total losses of 5 million represent 3.4 per cent of total employment in the sector and 0.7 per cent of the labour force, according to China International Capital Corp.

25 Jul 2019 - 3:05AM

Total losses of 5 million represent 3.4 per cent of total employment in the sector and 0.7 per cent of the labour force, according to China International Capital Corp.

US trade war has cost China ‘almost 2 million industrial jobs’, investment bank CICC says
US-China trade war caused ‘self-inflicted’ damage to the global economy, says IMF after third 2019 forecast cut

International Monetary Fund reduced its 2019 world growth forecast down to 3.2 per cent, 0.1 percentage point below its previous outlook released in January.

24 Jul 2019 - 5:35PM

International Monetary Fund reduced its 2019 world growth forecast down to 3.2 per cent, 0.1 percentage point below its previous outlook released in January.

US-China trade war caused ‘self-inflicted’ damage to the global economy, says IMF after third 2019 forecast cut
China’s top leadership to gauge outlook for the economy and policy amid US trade war

The 25-member group, headed by President Xi Jinping, is expected to gather before the end of July to discuss plans for the next six months.

23 Jul 2019 - 11:08PM

The 25-member group, headed by President Xi Jinping, is expected to gather before the end of July to discuss plans for the next six months.

China’s top leadership to gauge outlook for the economy and policy amid US trade war
China still has more to do to help US trade war-hit private sector, says Chinese investment bank

The cost of borrowing for small private companies can be more than double that of large companies, including state-owned enterprises, a Chinese investment bank found.

19 Jul 2019 - 9:34AM

The cost of borrowing for small private companies can be more than double that of large companies, including state-owned enterprises, a Chinese investment bank found.

China still has more to do to help US trade war-hit private sector, says Chinese investment bank
China’s handling of yuan backed by IMF despite Donald Trump’s repeated charges of currency manipulation

International Monetary Fund says Beijing’s handling of the yuan in 2018 was ‘broadly in line’ with the state of its economy despite claims from US President Donald Trump.

6 Aug 2019 - 10:54AM

International Monetary Fund says Beijing’s handling of the yuan in 2018 was ‘broadly in line’ with the state of its economy despite claims from US President Donald Trump.

China’s handling of yuan backed by IMF despite Donald Trump’s repeated charges of currency manipulation
Trump’s tweets part of ‘propaganda and psychological war’ as China defends second quarter growth rate

Commentary published on Tuesday by the ‘Global Times’ suggested the United States was trying to ‘scare’ China into a deal to end the trade war.

17 Jul 2019 - 11:37AM

Commentary published on Tuesday by the ‘Global Times’ suggested the United States was trying to ‘scare’ China into a deal to end the trade war.

Trump’s tweets part of ‘propaganda and psychological war’ as China defends second quarter growth rate
China cracks down on subsidies to zombie companies as US trade war hits economy

Reforms intend to encourage insolvent firms to close down so resources can be better allocated in the economy as Donald Trump’s tariffs take effect.

16 Jul 2019 - 2:46PM

Reforms intend to encourage insolvent firms to close down so resources can be better allocated in the economy as Donald Trump’s tariffs take effect.

China cracks down on subsidies to zombie companies as US trade war hits economy
China ignoring US demand for trade war reform by reinforcing state-directed economic model

Beijing increasing the influence of state-owned enterprises, an area US President Donald Trump wants to be reformed as part of the trade war negotiations.

13 Jul 2019 - 11:21PM

Beijing increasing the influence of state-owned enterprises, an area US President Donald Trump wants to be reformed as part of the trade war negotiations.

China ignoring US demand for trade war reform by reinforcing state-directed economic model
China loans jump in June as Beijing steps up credit support to boost economy amid US trade war

New bank lending rises 1.66 trillion yuan (US$242 billion) in June, the largest increase since January’s record.

12 Jul 2019 - 10:28PM

New bank lending rises 1.66 trillion yuan (US$242 billion) in June, the largest increase since January’s record.

China loans jump in June as Beijing steps up credit support to boost economy amid US trade war
China’s top US trade war negotiator sidesteps growth risks as Beijing digs in for extended battle

Liu He seeks to offer boost ahead of release of gross domestic product data next week after resuming trade talks with US negotiators this week.

12 Jul 2019 - 1:16PM

Liu He seeks to offer boost ahead of release of gross domestic product data next week after resuming trade talks with US negotiators this week.

China’s top US trade war negotiator sidesteps growth risks as Beijing digs in for extended battle
Beijing plays down Commerce Minister Zhong Shan’s inclusion in latest US-China trade war talks

Some see inclusion of Commerce Minister Zhong Shan as a step to toughen Beijing’s negotiating position.

12 Jul 2019 - 5:00PM

Some see inclusion of Commerce Minister Zhong Shan as a step to toughen Beijing’s negotiating position.

Beijing plays down Commerce Minister Zhong Shan’s inclusion in latest US-China trade war talks
Foreign direct investment rise shows ‘no such thing’ as a large number of foreign firms pulling out of China

‘No such thing’ as a large number of foreign firms pulling out of China, says Ministry of Commerce spokesman Gao Feng.

11 Jul 2019 - 8:26PM

‘No such thing’ as a large number of foreign firms pulling out of China, says Ministry of Commerce spokesman Gao Feng.

Foreign direct investment rise shows ‘no such thing’ as a large number of foreign firms pulling out of China
China’s response to Facebook’s Libra could be ‘Hong Kong style’ cryptocurrency, says ex-central bank governor

Speech by former People’s Bank of China governor Zhou Xiaochuan shows that China is rethinking its digital currency strategy and could involve commercial entities.

11 Jul 2019 - 11:31PM

Speech by former People’s Bank of China governor Zhou Xiaochuan shows that China is rethinking its digital currency strategy and could involve commercial entities.

China’s response to Facebook’s Libra could be ‘Hong Kong style’ cryptocurrency, says ex-central bank governor
Facebook’s Libra forcing China to step up plans for its own cryptocurrency, says central bank official

New digital currency could have major impact on monetary policy and financial stability, warns Wang Xin, director of the People’s Bank of China research bureau.

11 Jul 2019 - 1:26PM

New digital currency could have major impact on monetary policy and financial stability, warns Wang Xin, director of the People’s Bank of China research bureau.

Facebook’s Libra forcing China to step up plans for its own cryptocurrency, says central bank official
China struggling with slow progress on high-speed rail network expansion due to local financing problems

Construction of new high-speed link between Zhengzhou in Henan province and Jinan in Shandong delayed due to funding issue as Beijing seeks to reduce local government debt.

8 Jul 2019 - 5:34PM

Construction of new high-speed link between Zhengzhou in Henan province and Jinan in Shandong delayed due to funding issue as Beijing seeks to reduce local government debt.

China struggling with slow progress on high-speed rail network expansion due to local financing problems
China should promote yuan’s globalisation through cooperation not conflict with US dollar, report says

Beijing should sign a free-trade deal with Britain as soon as possible and push for better trade and investment cooperation with the EU, Renmin University says.

8 Jul 2019 - 9:27AM

Beijing should sign a free-trade deal with Britain as soon as possible and push for better trade and investment cooperation with the EU, Renmin University says.

China should promote yuan’s globalisation through cooperation not conflict with US dollar, report says