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 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
China dampens blockchain fever with cryptocurrency trading crackdown

Speech by President Xi Jinping triggered surge in blockchain speculation, but the central bank warns of ‘severe disruption’ to economic and financial order.

27 Nov 2019 - 9:21AM

Speech by President Xi Jinping triggered surge in blockchain speculation, but the central bank warns of ‘severe disruption’ to economic and financial order.

China dampens blockchain fever with cryptocurrency trading crackdown
China will not use ‘all-out stimulus’ to boost slowing economy, Premier Li Keqiang says

Premier Li Keqiang says China will continue to use its small countercyclical adjustment tools and take measured steps to boost domestic consumption.

22 Nov 2019 - 7:00PM

Premier Li Keqiang says China will continue to use its small countercyclical adjustment tools and take measured steps to boost domestic consumption.

China will not use ‘all-out stimulus’ to boost slowing economy, Premier Li Keqiang says
China revises up 2018 GDP after new census, making it easier to double size of economy in 2020

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.

22 Nov 2019 - 10:45PM

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 revises up 2018 GDP after new census, making it easier to double size of economy in 2020
China cuts interest rate slightly in latest fine-tuning of economic stimulus

China’s central bank cut its one-year and five-year Loan Prime Rate by 5 basis points on Wednesday, as expected.

20 Nov 2019 - 11:22PM

China’s central bank cut its one-year and five-year Loan Prime Rate by 5 basis points on Wednesday, as expected.

China cuts interest rate slightly in latest fine-tuning of economic stimulus
China’s 2020 growth could exceed 6 per cent if US trade tensions ease, analysts say

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.

20 Nov 2019 - 8:30AM

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.

China’s 2020 growth could exceed 6 per cent if US trade tensions ease, analysts say
China economy woes leads Beijing’s top policymakers to seek advice from noted economists

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.

15 Nov 2019 - 10:49PM

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.

China economy woes leads Beijing’s top policymakers to seek advice from noted  economists
China continues small stimulus steps to boost infrastructure projects in face of economic slowdown

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.

14 Nov 2019 - 10:03PM

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.

China continues small stimulus steps to boost infrastructure projects in face of economic slowdown
China think tank becomes first government-linked body to predict 2020 growth will drop below 6.0 per cent

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.

14 Nov 2019 - 8:47AM

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.

China think tank becomes first government-linked body to predict 2020 growth will drop below 6.0 per cent
China needs reforms, not easing, to support growth, says son of former premier Zhu Rongji

Zhu Yunlai, the former president of China’s first investment bank, says it is ‘impossible’ to rescue any economy by continuously printing money.

17 Nov 2019 - 5:02PM

Zhu Yunlai, the former president of China’s first investment bank, says it is ‘impossible’ to rescue any economy by continuously printing money.

China needs reforms, not easing, to support growth, says son of former premier Zhu Rongji
China’s former central bank head urges greater central bank coordination to prepare for future crises

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.

11 Nov 2019 - 11:04AM

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.

China’s former central bank head urges greater central bank coordination to prepare for future crises
China needs bigger rate cuts beyond latest small move to support economy, analysts say

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.

5 Nov 2019 - 10:41PM

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.

China needs bigger rate cuts beyond latest small move to support economy, analysts say
China’s blockchain development should learn from P2P lending mistakes, researcher warns

Blockchain, the technology that underlies bitcoin and other cryptocurrencies, was endorsed by President Xi Jinping last week, leading to an increase in interest.

5 Nov 2019 - 11:35AM

Blockchain, the technology that underlies bitcoin and other cryptocurrencies, was endorsed by President Xi Jinping last week, leading to an increase in interest.

China’s blockchain development should learn from P2P lending mistakes, researcher warns
China takes further steps to stabilise yuan to aid trade war deal with US$4.3 billion bill sale in Hong Kong

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.

4 Nov 2019 - 10:32AM

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.

China takes further steps to stabilise yuan to aid trade war deal with US$4.3 billion bill sale in Hong Kong
Blockchain endorsement from China’s Xi Jinping could lead to fraud and speculation, technology analysts warn

The endorsement prompted a surge in the price of bitcoin, while blockchain development companies and institutions celebrated the blessing for the industry.

4 Nov 2019 - 4:53PM

The endorsement prompted a surge in the price of bitcoin, while blockchain development companies and institutions celebrated the blessing for the industry.

Blockchain endorsement from China’s Xi Jinping could lead to fraud and speculation, technology analysts warn
China unlikely to follow expected US Federal Reserve rate cut despite economic slowdown, analysts say

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.

31 Oct 2019 - 11:01AM

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  unlikely to follow expected US Federal Reserve rate cut despite economic slowdown, analysts say
China sends top financial officials to clean up debt-laden provinces amid growing signs of economic risk

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.

30 Oct 2019 - 11:11PM

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 sends top financial officials to clean up debt-laden provinces amid growing signs of economic risk
China ‘Blockchain Day’ could become reality after Xi Jinping’s endorsement of technology

China Communications Industry Association proposes that October 24 become the designated day to celebrate technology behind cryptocurrencies such as bitcoin.

30 Oct 2019 - 7:32PM

China Communications Industry Association proposes that October 24 become the designated day to celebrate technology behind cryptocurrencies such as bitcoin.

China ‘Blockchain Day’ could become reality after Xi Jinping’s endorsement of technology
China has a chance to kick-start its economic reforms, but will Xi Jinping push ahead at key meeting?

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.

29 Oct 2019 - 11:15AM

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.

China has a chance to kick-start its economic reforms, but will Xi Jinping push ahead at key meeting?
China, United States say good progress being made on phase-one deal to end trade war

Negotiators have ‘agreed to appropriately resolve the core concerns of both parties’, Xinhua says.

26 Oct 2019 - 11:26PM

Negotiators have ‘agreed to appropriately resolve the core concerns of both parties’, Xinhua says.

China, United States say good progress being made on phase-one deal to end trade war
Apple CEO Tim Cook joins influential Beijing university board as company’s China woes continue

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.

23 Oct 2019 - 10:53AM

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.

Apple CEO Tim Cook joins influential Beijing university board as company’s China woes continue
China’s growth expected to weaken further this year and in 2020, as trade deal with US leaves tariffs in place

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.

17 Oct 2019 - 8:45PM

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.

China’s growth expected to weaken further this year and in 2020, as trade deal with US leaves tariffs in place
China keeps credit tap open to bolster growth despite a spike in pork-driven consumer inflation

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.

16 Oct 2019 - 12:11AM

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.

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