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Kandy Wong
Kandy Wong
Hong Kong
@KandyWong_SCMP
Correspondent, Political Economy
Kandy Wong returned to the Post in 2022 as a correspondent for the Political Economy desk, having earlier worked as a reporter on the Business desk. She focuses on China's trade relationships with the United States, the European Union and Australia, as well as the Belt & Road Initiative and currency issues. She graduated from New York University with a master's degree in journalism in 2013. An award-winning journalist, she has worked in Hong Kong, China and New York for the Hong Kong Economic Journal and the Financial Times, E&E News, Forbes, The Economist Intelligence Unit, Nikkei Asia and Coconuts Media.

New salt-tolerant species and technologies were trialled in salty land in Dongtai city in east China’s Jiangsu province in the latest evidence of China’s food self-sufficiency drive.

Chinese commerce minister Wang Wentao met with Argentinian counterpart Sergio Massa on Thursday amid China’s push to expand its footprint in South America.

China has stepped up diplomatic and economic efforts in the Middle East beyond traditional oil and gas cooperation, particularly with Saudi Arabia, with the region needing to ‘look East’ to fulfil its development wishes, analysts said.

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Looking to add to existing tourism and agricultural ties, Thailand is keen to explore the idea of joining hands with China in tapping new energy and digital markets in Southeast Asia.

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With sights set on a free-trade agreement, Uruguay is trying to expand and diversify its exports to China, and the Uruguayan consul general in Guangzhou says free currency trade is essential.

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‘This is a trend that will not stop,’ manufacturing analyst warns as exporters see their hands forced in the face of geopolitical strife, demographic crisis and supply-chain upheavals.

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Canberra is not expected to endorse China’s membership into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership amid ‘geopolitical baggage’, and Taiwan may be denied, too.

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Diplomats have raised questions about how the Greater Bay Area’s technological aspirations will play out on Hengqin island, which has been tasked with helping Macau diversify its economy away from a heavy reliance on casinos.

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An editorial in People’s Daily says the country will take a ‘zero tolerance’ approach to efforts to hand over information on sensitive industries.

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China’s foreign minister Qin Gang will visit Australia in July amid improving ties between Beijing and Canberra, according to a source close to the Chinese government and an Australian academic.

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Shipments of EVs, lithium-ion and solar batteries surged during the first quarter, and analysts say it will not be easy to dethrone China as the dominant market player despite an intensifying deglobalisation of new-energy supply chains.

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Shenzhen, the home of electric vehicle manufacturer BYD, tech giant Huawei Technologies, internet services firm Tencent and drone maker DJI, reported higher economic growth than Shanghai and Beijing in the first quarter.

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Argentina will start by paying for over US$1 billion of Chinese imports in April in yuan instead of US dollars, Economy Minister Sergio Massa confirmed following a meeting with Chinese ambassador Zou Xiaoli.

China’s Belt and Road Initiative is seen as a means to bolster connectivity, trade and investment with the regional trade bloc via infrastructure projects, while also guarding against attempts to politicise economic issues.

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Uzbekistan’s former foreign minister opens up with the Post about the need for green financing projects and why China is a ‘comprehensive strategic partner’ to his country, unlike the United States.

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China’s imports of both Australian coking and thermal coal surged in March in a further sign of an overall easing of tensions between Beijing and Canberra.

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The closed-door talks this week between business delegates from Australia and China gave both sides a chance to ‘reconnect’ during a visit by Western Australia Premier Mark McGowan.

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Malaysian Prime Minister Anwar Ibrahim said Xi Jinping welcomed discussion on reviving a decades-old idea for the establishment of an Asian monetary fund during a meeting in Beijing last month.

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Brazil’s president is in China for four days, and he is expected to meet Xi Jinping on Friday as their countries cement stronger ties in the face of Western tensions.

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China’s Ministry of Commerce said on Wednesday it had launched an investigation into Taiwan’s restrictive trade measures against 2,455 mainland products amid growing cross-strait tensions.

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Australian Prime Minister Anthony Albanese could visit Beijing in September and October, according to sources close to the Chinese and Australian governments, amid improving relations.

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Russian President Vladimir Putin says agreement with China and Mongolia to build Power of Siberia 2 natural gas pipeline is ‘practically’ finalised, but analysts say Beijing may be looking to curb geopolitical risks as it shores up energy security.

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Sandwiched between superpowers, Mongolia is in a precarious geopolitical position, and Prime Minister Luvsannamsrain Oyun-Erdene says Russia and China ‘totally understand and highly appreciate’ this.

Chinese imports of Australian coal are still far below the level they were before diplomatic ties plummeted in mid-2020, but there is ‘renewed interest’ among Chinese buyers, analysts say.

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Mark McGowan, Western Australian premier, is set to stop in Beijing and Guangzhou during a week-long trip to China, that sources say will take place by mid-April, at a time of improving bilateral and trade relations.

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Three intended rounds of negotiations are expected to precede a visit to Beijing by trade minister Don Farrell as China and Australia look to get their relations back on solid footing.

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After a year of war in Ukraine, pandemic disruptions and technological-containment efforts by the West, many international firms are struggling to map out a future in which their China operations remain intact.

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China’s potential for GDP growth will help it maintain its place as a global draw for foreign firms and investment, but some critics still say Beijing must do more to create a level playing field for all companies.

While the second half of the year could bring a pickup in demand for China goods, analysts say dwindling global demand amid sustained inflation looks to persist, with an adverse effect on trade growth.

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A large business void in Russia, caused by Western brands shunning the country, makes the market as appealing as ever for Chinese sellers, but competition and hurdles still stand in the way.

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