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

China to maintain ‘prudent’ monetary policy given positive impact of US trade deal, central bank says

After China signed its trade deal with the United States, the People’s Bank of China plans to also focus on improving finance structure and preventing financial risks.

16 Jan 2020 - 11:00PM

After China signed its trade deal with the United States, the People’s Bank of China plans to also focus on improving finance structure and preventing financial risks.

China to maintain ‘prudent’ monetary policy given positive impact of US trade deal, central bank says
China’s top trade war negotiator handed more control at home as Beijing expands reach of finance committee

The Financial Stability and Development Committee, under Vice-Premier Liu He, will be upgraded into a de facto governing body as Beijing cracks down on financial risks.

15 Jan 2020 - 11:19PM

The Financial Stability and Development Committee, under Vice-Premier Liu He, will be upgraded into a de facto governing body as Beijing cracks down on financial risks.

China’s top trade war negotiator handed more control at home as Beijing expands reach of finance committee
China’s sovereign digital currency plan in doubt with concerns raised about wider application

The People’s Bank of China (PBOC) stepped up its plan to launch a sovereign digital currency in response to Facebook’s Libra digital currency.

14 Jan 2020 - 3:23AM

The People’s Bank of China (PBOC) stepped up its plan to launch a sovereign digital currency in response to Facebook’s Libra digital currency.

China’s sovereign digital currency plan in doubt with concerns raised about wider application
China’s Vice-Premier Liu He shifts focus to domestic financial issues as trade war deal nears

Vice-Premier Liu He has convened a meeting of China’s financial stability committee an unprecedented number of times over the past 40 days.

8 Jan 2020 - 10:42PM

Vice-Premier Liu He has convened a meeting of China’s financial stability committee an unprecedented number of times over the past 40 days.

China’s Vice-Premier Liu He shifts focus to domestic financial issues as trade war deal nears
China’s US$4.3 billion IPO highlights investor confidence in world’s largest rail network

The 30 billion yuan (US$4.3 billion) initial public offering (IPO) for the Beijing – Shanghai High-Speed Railway line was oversubscribed 126 times.

7 Jan 2020 - 10:36PM

The 30 billion yuan (US$4.3 billion) initial public offering (IPO) for the Beijing – Shanghai High-Speed Railway line was oversubscribed 126 times.

China’s US$4.3 billion IPO highlights investor confidence in world’s largest rail network
Trade war deal could allow China to loosen monetary policy and exchange rate flexibility, analysts say

A trade deal with US may have emboldened China’s central bank to ease monetary policy at home, analysts say.

7 Jan 2020 - 6:39PM

A trade deal with US may have emboldened China’s central bank to ease monetary policy at home, analysts say.

Trade war deal could allow China to loosen monetary policy and exchange rate flexibility, analysts say
‘Disloyal and two-faced’ Chinese provincial boss accused of ignoring Xi Jinping’s orders facing prosecution

Former Shaanxi party chief Zhao Zhengyong was implicated in scandal where president’s orders to destroy illegal structures were disobeyed

4 Jan 2020 - 8:59PM

Former Shaanxi party chief Zhao Zhengyong was implicated in scandal where president’s orders to destroy illegal structures were disobeyed

‘Disloyal and two-faced’ Chinese provincial boss accused of ignoring Xi Jinping’s orders facing prosecution
China to ‘trigger the vigour’ of manufacturers hit by US trade war

State Council says it will move to ‘trigger the vigour’ of China’s manufacturing sector and boost small and private enterprises affected by the trade war with the US.

6 Jan 2020 - 10:33AM

State Council says it will move to ‘trigger the vigour’ of China’s manufacturing sector and boost small and private enterprises affected by the trade war with the US.

China to ‘trigger the vigour’ of manufacturers hit by US trade war
China set to break key economic barrier despite trade war, but can it avoid the middle income trap?

China’s per capita gross domestic product (GDP) is set to exceed US$10,000 in 2019 despite the turbulence caused by the trade war with the United States.

2 Jan 2020 - 10:19AM

China’s per capita gross domestic product (GDP) is set to exceed US$10,000 in 2019 despite the turbulence caused by the trade war with the United States.

China set to break key economic barrier despite trade war, but can it avoid the middle income trap?
China says it will monitor impact of US defence act on Chinese firms

China’s Commerce ministry calls US defence act ‘full of political biases’, saying sanctions are ‘evidence of government intervention in normal corporate operations’.

30 Dec 2019 - 12:42PM

China’s Commerce ministry calls US defence act ‘full of political biases’, saying sanctions are ‘evidence of government intervention in normal corporate operations’.

China says it will monitor impact of US defence act on Chinese firms
China’s SOEs set for year of innovation reform in 2020, Sasac says

State sector to focus on developing advanced manufacturing industries next year, aiming to establish China’s state-owned enterprises as world-class enterprises.

30 Dec 2019 - 12:55PM

State sector to focus on developing advanced manufacturing industries next year, aiming to establish China’s state-owned enterprises as world-class enterprises.

China’s SOEs set for year of innovation reform in 2020, Sasac says
China puts focus on job creation to weather slowing economic growth, trade war

State Council announces ‘targeted measures to prevent the risk of mass unemployment’ in China amid its slowing economy and trade war with the United States.

30 Dec 2019 - 10:52AM

State Council announces ‘targeted measures to prevent the risk of mass unemployment’ in China amid its slowing economy and trade war with the United States.

China puts focus on job creation to weather slowing economic growth, trade war
Trade war: China, US tensions will persist despite phase one deal, says renowned scholar

China’s phase one deal with the US was announced last week, but a mainstream view is that the two nations are engaged in a rivalry that ‘won’t be as quick as five to 10 years’.

19 Dec 2019 - 2:09PM

China’s phase one deal with the US was announced last week, but a mainstream view is that the two nations are engaged in a rivalry that ‘won’t be as quick as five to 10 years’.

Trade war: China, US tensions will persist despite phase one deal, says renowned scholar
China economic growth prospects gain momentum following trade war deal, but scepticism remains

Last week’s trade war deal with the US means a number of forecasts are upbeat about China’s 2020 growth prospects, though scepticism remains amid an economic slowdown.

18 Dec 2019 - 10:18PM

Last week’s trade war deal with the US means a number of forecasts are upbeat about China’s 2020 growth prospects, though scepticism remains amid an economic slowdown.

China economic growth prospects gain momentum following trade war deal, but scepticism remains
China’s consumer spending on services and in smaller cities to pace growth, e-commerce giant JD.com says

Report from e-commerce JD.com paints an upbeat picture for China’s consumer spending, which contributed to more than 60 per cent growth in the first three quarters of 2019.

17 Dec 2019 - 10:54PM

Report from e-commerce JD.com paints an upbeat picture for China’s consumer spending, which contributed to more than 60 per cent growth in the first three quarters of 2019.

China’s consumer spending on services and in smaller cities to pace growth, e-commerce giant JD.com says
China not facing ‘severe economic difficulty’ despite record low growth, government think tank says

Beijing-linked think tank says China’s economic fundamentals ‘not that bad’, with only one in eight Chinese companies cutting jobs in 2019 despite trade war with US.

16 Dec 2019 - 10:32PM

Beijing-linked think tank says China’s economic fundamentals ‘not that bad’, with only one in eight Chinese companies cutting jobs in 2019 despite trade war with US.

China not facing ‘severe economic difficulty’ despite record low growth, government think tank says
China warned not go too far in hitting their economic policy goals

Key policy adviser says hitting national target of doubling gross domestic product in 10 years does not mean every province has to double the size of its economy.

16 Dec 2019 - 10:04AM

Key policy adviser says hitting national target of doubling gross domestic product in 10 years does not mean every province has to double the size of its economy.

China warned not go too far in hitting their economic policy goals
Trade war: China halts introduction of new tariffs on US goods

Beijing holds fire on duties of 5 and 10 per cent that were set to take effect at noon on Sunday.

15 Dec 2019 - 11:32PM

Beijing holds fire on duties of 5 and 10 per cent that were set to take effect at noon on Sunday.

Trade war: China halts introduction of new tariffs on US goods
China to focus on economic ‘contingency plans’ to battle growing pressures in 2020

The Central Economic Work Conference, attended by President Xi Jinping, took place under close scrutiny due to the US trade war and the slowing domestic economy.

12 Dec 2019 - 11:51PM

The Central Economic Work Conference, attended by President Xi Jinping, took place under close scrutiny due to the US trade war and the slowing domestic economy.

China to focus on economic ‘contingency plans’ to battle growing pressures in 2020
‘Mountain of mistrust’ blocking US-China interim trade war deal

Former US negotiators say lack of credibility is hampering efforts on both sides.

11 Dec 2019 - 1:39AM

Former US negotiators say lack of credibility is hampering efforts on both sides.

‘Mountain of mistrust’ blocking US-China interim trade war deal
China advisers play down concern over slowing economic growth ahead of key policy meeting

Government-linked advisers and think tanks have downplayed concerns over economic growth ahead of the Central Economic Work Conference this week.

10 Dec 2019 - 11:29PM

Government-linked advisers and think tanks have downplayed concerns over economic growth ahead of the Central Economic Work Conference this week.

China advisers play down concern over slowing economic growth ahead of key policy meeting
Is patience wearing thin for foreign firms in Hong Kong after months of protests?

Business leader warns contingency plans are being made in case violence flares again in troubled city.

11 Dec 2019 - 1:44PM

Business leader warns contingency plans are being made in case violence flares again in troubled city.

Is patience wearing thin for foreign firms in Hong Kong after months of protests?
China should slash business tax rates if it wants to compete with the United States, study says

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.

9 Dec 2019 - 10:27AM

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.

China should slash business tax rates if it wants to compete with the United States, study says
China advisers warn government against major stimulus to keep economy on track

Economic forum told that structural reforms will be the best way to unlock the country’s economic potential.

9 Dec 2019 - 11:03AM

Economic forum told that structural reforms will be the best way to unlock the country’s economic potential.

China advisers warn government against major stimulus to keep economy on track
China should ‘show strength’ and address US demands, says leading reformist Li Ruogu

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.

9 Dec 2019 - 11:14AM

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.

China should ‘show strength’ and address US demands, says leading reformist Li Ruogu
China 2020 GDP growth target seen to be set at ‘around 6 per cent’ at top economic policy meeting

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.

6 Dec 2019 - 11:51AM

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.

China 2020 GDP growth target seen to be set at ‘around 6 per cent’ at top economic policy meeting
Donald Trump: ‘no deadline’ for trade war deal with China, may come after US election

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.

4 Dec 2019 - 5:46PM

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.

Donald Trump: ‘no deadline’ for trade war deal with China, may come after US election
China’s central bank hints at possibility of higher 2020 inflation target for more monetary leeway

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.

3 Dec 2019 - 9:18AM

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’s central bank hints at possibility of higher 2020 inflation target for more monetary leeway
China should learn global financial crisis to combat economic slowdown, central bank says

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.

2 Dec 2019 - 9:53AM

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.

China should learn global financial crisis to combat economic slowdown, central bank says
China moves to aid slowing economy by accelerating issue of 1 trillion yuan of local government bonds

The move gives local governments more room to issue debt to fund infrastructure projects that could help prop up China’s slowing economy.

29 Nov 2019 - 12:29AM

The move gives local governments more room to issue debt to fund infrastructure projects that could help prop up China’s slowing economy.

China moves to aid slowing economy by accelerating issue of 1 trillion yuan of local government bonds