Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.

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Latest from Orange Wang

China’s food security concerns mount, but supply risks are growing as farmers hoard grains

Industry insiders say many Chinese farmers have decided to hoard grains – instead of selling to the government – as a result of the coronavirus pandemic, but officials say China’s purchasing of the summer harvest is on track.

10 Aug 2020 - 10:16AM

Industry insiders say many Chinese farmers have decided to hoard grains – instead of selling to the government – as a result of the coronavirus pandemic, but officials say China’s purchasing of the summer harvest is on track.

China’s food security concerns mount, but supply risks are growing as farmers hoard grains
China’s exports show surprising surge in July, powered by demand for lockdown goods overseas

China’s exports surged by 7.2 per cent in July from a year earlier, while imports contracted by 1.4 per cent under pressure from a weak global economy.

7 Aug 2020 - 11:48PM

China’s exports surged by 7.2 per cent in July from a year earlier, while imports contracted by 1.4 per cent under pressure from a weak global economy.

China’s exports show surprising surge in July, powered by demand for lockdown goods overseas
China to feel the pressure as negotiators prepare for trade deal temperature check, Beijing adviser says

China is lagging behind on its commitments to purchase American goods under the phase one trade deal, putting the pressure on Beijing when top negotiators meet next week.

7 Aug 2020 - 9:07AM

China is lagging behind on its commitments to purchase American goods under the phase one trade deal, putting the pressure on Beijing when top negotiators meet next week.

China to feel the pressure as negotiators prepare for trade deal temperature check, Beijing adviser says
China corn video stokes food security fears amid coronavirus pandemic, flooding and drought

Beijing criticises cellphone ban by subsidiary in northern Heilongjiang province as a ‘crude step’, but rumours swirl online that there’s a cover-up to hide a deterioration in the quality of China’s crucial grain stockpiles.

4 Aug 2020 - 8:25AM

Beijing criticises cellphone ban by subsidiary in northern Heilongjiang province as a ‘crude step’, but rumours swirl online that there’s a cover-up to hide a deterioration in the quality of China’s crucial grain stockpiles.

China corn video stokes food security fears amid coronavirus pandemic, flooding and drought
China tells US businesses they’re still welcome in country

Commerce vice-minister Wang Shouwen tells American firms he hopes they can play a ‘bridging role’ at a time of rising tensions.

2 Aug 2020 - 10:50PM

Commerce vice-minister Wang Shouwen tells American firms he hopes they can play a ‘bridging role’ at a time of rising tensions.

China tells US businesses they’re still welcome in country
China’s agricultural imports surge in June, as worsening US ties stoke fears of supply disruptions

China’s imports of farm goods jumped in June, as it looks to comply with the US trade deal, but also fill domestic supply gaps and hold down food prices.

6 Aug 2020 - 9:11AM

China’s imports of farm goods jumped in June, as it looks to comply with the US trade deal, but also fill domestic supply gaps and hold down food prices.

China’s agricultural imports surge in June, as worsening US ties stoke fears of supply disruptions
China import expo to go ahead despite trade tensions, lingering coronavirus uncertainty

Shanghai will host the third annual China International Import Expo in November, as China seeks to portray itself as a backer of multilateralism and an open economy.

31 Jul 2020 - 12:10AM

Shanghai will host the third annual China International Import Expo in November, as China seeks to portray itself as a backer of multilateralism and an open economy.

China import expo to go ahead despite trade tensions, lingering coronavirus uncertainty
China’s industrial giants saw profits tumble in first half of 2020, but recovery continued in June

China’s big firms had a first half of 2020 to forget, but profits have returned in recent months in line with wider economic conditions.

27 Jul 2020 - 10:54PM

China’s big firms had a first half of 2020 to forget, but profits have returned in recent months in line with wider economic conditions.

China’s industrial giants saw profits tumble in first half of 2020, but recovery continued in June
China’s economic recovery from coronavirus impact set to signal dialing back of monetary stimulus measures

The People’s Bank of China has defied expectations by not cutting banks’ reserve requirement ratio for two months, but it is unlikely to completely end stimulus measures.

24 Jul 2020 - 10:14PM

The People’s Bank of China has defied expectations by not cutting banks’ reserve requirement ratio for two months, but it is unlikely to completely end stimulus measures.

China’s economic recovery from coronavirus impact set to signal dialing back of monetary stimulus measures
China bought more US debt in May despite talk of financial war amid rising trans-Pacific tensions

China added US$10.9 billion of the US Treasury securities in May, the first purchase since February, although the US$1.08 trillion total is slightly down from 12 months earlier.

22 Jul 2020 - 9:12AM

China added US$10.9 billion of the US Treasury securities in May, the first purchase since February, although the US$1.08 trillion total is slightly down from 12 months earlier.

China bought more US debt in May despite talk of financial war amid rising trans-Pacific tensions
China provinces show strong signs of second quarter economic rebound after coronavirus

Eleven of China’s 31 provincial-level jurisdictions showed strong economic improvement in the first half of the year compared to the first quarter, indicating continued recovery from the pandemic.

20 Jul 2020 - 11:05PM

Eleven of China’s 31 provincial-level jurisdictions showed strong economic improvement in the first half of the year compared to the first quarter, indicating continued recovery from the pandemic.

China provinces show strong signs of second quarter economic rebound after coronavirus
US investors still piling FDI money into China despite rising political tensions

Foreign direct investment (FDI) from the US to China rose 6 per cent from a year earlier in yuan terms despite tensions between the world’s two largest economies.

21 Jul 2020 - 11:59AM

Foreign direct investment (FDI) from the US to China rose 6 per cent from a year earlier in yuan terms despite tensions between the world’s two largest economies.

US investors still piling FDI money into China despite rising political tensions
China first major economy to return to growth since coronavirus shock, but doubts remain about second half outlook

China’s economy posted better-than-expected growth of 3.2 per cent in the second quarter, but the recovery could plateau on subdued consumer spending and weaker exports.

17 Jul 2020 - 9:42AM

China’s economy posted better-than-expected growth of 3.2 per cent in the second quarter, but the recovery could plateau on subdued consumer spending and weaker exports.

China first major economy to return to growth since coronavirus shock, but doubts remain about second half outlook
China GDP: first major economy to show a recovery from coronavirus damage with 3.2 per cent growth in second quarter

China’s economy grew by 3.2 per cent in the second quarter of 2020, avoiding a recession following a historic first-quarter contraction caused by the coronavirus pandemic.

16 Jul 2020 - 11:18AM

China’s economy grew by 3.2 per cent in the second quarter of 2020, avoiding a recession following a historic first-quarter contraction caused by the coronavirus pandemic.

China GDP: first major economy to show a recovery from coronavirus damage with 3.2 per cent growth in second quarter
China’s trade with Europe seen as key amid US frictions after June imports, exports suggest recovery from coronavirus

Chinese exports returned to growth last month, with a rise of 0.5 per cent from a year ago, while imports in US dollar terms also rose by 2.7 per cent in June.

14 Jul 2020 - 11:00PM

Chinese exports returned to growth last month, with a rise of 0.5 per cent from a year ago, while imports in US dollar terms also rose by 2.7 per cent in June.

China’s trade with Europe seen as key amid US frictions after June imports, exports suggest recovery from coronavirus
Coronavirus: Beijing’s economic recovery from June outbreak offers hope ahead of China GDP release

China is set to announce its second quarter gross domestic product growth rate on Thursday, with many economists predicting a sharp rebound.

14 Jul 2020 - 9:54AM

China is set to announce its second quarter gross domestic product growth rate on Thursday, with many economists predicting a sharp rebound.

Coronavirus: Beijing’s economic recovery from June outbreak offers hope ahead of China GDP release
China’s exporters turn to the domestic market, but can it offset coronavirus demand shock?

China is hopeful its 1.4 billion consumers can help plug the gap caused by a plunging overseas demand for products caused by the global coronavirus pandemic.

7 Jul 2020 - 10:31PM

China is hopeful its 1.4 billion consumers can help plug the gap caused by a plunging overseas demand for products caused by the global coronavirus pandemic.

China’s exporters turn to the domestic market, but can it offset coronavirus demand shock?
Time for China to decouple the yuan from US dollar, former diplomat urges

US will pose ‘increasingly severe threat’ to future Chinese development through dollar’s global monopoly.

7 Jul 2020 - 9:33AM

US will pose ‘increasingly severe threat’ to future Chinese development through dollar’s global monopoly.

Time for China to decouple the yuan from US dollar, former diplomat urges
China urges India to end trade ‘discrimination’, but holds off retaliation after deadly border clash

China says it hopes India will stop targeting Chinese exports to ensure ‘healthy and stable’ trade ties, but anti-China sentiment in India remains high.

2 Jul 2020 - 10:23PM

China says it hopes India will stop targeting Chinese exports to ensure ‘healthy and stable’ trade ties, but anti-China sentiment in India remains high.

China urges India to end trade ‘discrimination’, but holds off retaliation after deadly border clash
Shenzhen leads the way as China turns to property investment frenzy to boost growth

Beijing is expected to tolerate the property investment boom in China as it could help growth, with real estate investment in Shenzhen up 17.0 per cent in the first five months of 2020.

26 Jun 2020 - 11:03PM

Beijing is expected to tolerate the property investment boom in China as it could help growth, with real estate investment in Shenzhen up 17.0 per cent in the first five months of 2020.

Shenzhen leads the way as China turns to property investment frenzy to boost growth
Coronavirus: China’s food industry grapples with fresh disruption on fears of new Beijing outbreak

China’s food service industry is facing fresh uncertainty after authorities stepped up scrutiny of imports in response to a new coronavirus outbreak in Beijing.

24 Jun 2020 - 11:09PM

China’s food service industry is facing fresh uncertainty after authorities stepped up scrutiny of imports in response to a new coronavirus outbreak in Beijing.

Coronavirus: China’s food industry grapples with fresh disruption on fears of new Beijing outbreak
China ‘interested’ in Trans-Pacific trade deal but keen to gauge Japan’s ‘attitude’ ahead of potential talks, ex-minister says

Last month, Chinese Premier Li Keqiang expressed Beijing’s interest in joining the Comprehensive Progressive Trans-Pacific Partnership Agreement (CPTPP).

23 Jun 2020 - 10:54PM

Last month, Chinese Premier Li Keqiang expressed Beijing’s interest in joining the Comprehensive Progressive Trans-Pacific Partnership Agreement (CPTPP).

China ‘interested’ in Trans-Pacific trade deal but keen to gauge Japan’s ‘attitude’ ahead of potential talks, ex-minister says
Coronavirus: China bans imported pork from German meat plant after more than 650 infected in outbreak

Products from German slaughterhouse Toennies have been banned from entering China after a coronavirus outbreak at the facility, the national customs agency says.

19 Jun 2020 - 10:55AM

Products from German slaughterhouse Toennies have been banned from entering China after a coronavirus outbreak at the facility, the national customs agency says.

Coronavirus: China bans imported pork from German meat plant after more than 650 infected in outbreak
Coronavirus: China calls on banks to give up US$212 billion in profits to finance cheap business lending

China has urged banks to surrender 1.5 trillion yuan (US$212 billion) in profits this year to help businesses weather the impact of the coronavirus.

18 Jun 2020 - 10:14PM

China has urged banks to surrender 1.5 trillion yuan (US$212 billion) in profits this year to help businesses weather the impact of the coronavirus.

Coronavirus: China calls on banks to give up US$212 billion in profits to finance cheap business lending
China FDI up 4.2 per cent in May to US$9.87 billion, marking second straight monthly increase

Foreign direct investment into China rose 4.2 per cent from a year ago in May to US$9.87 billion, marking the second straight monthly increase.

18 Jun 2020 - 4:11PM

Foreign direct investment into China rose 4.2 per cent from a year ago in May to US$9.87 billion, marking the second straight monthly increase.

China FDI up 4.2 per cent in May to US$9.87 billion, marking second straight monthly increase
Coronavirus: China’s freeze on imported salmon stirs concern about wider impact on European food trade

Seafood traders in China are anxiously awaiting clarification after Beijing halted imports of European salmon amid concerns it was the source of a new outbreak of coronavirus.

17 Jun 2020 - 9:09PM

Seafood traders in China are anxiously awaiting clarification after Beijing halted imports of European salmon amid concerns it was the source of a new outbreak of coronavirus.

Coronavirus: China’s freeze on imported salmon stirs concern about wider impact on European food trade
China’s coronavirus recovery plan falls back on old playbook of debt and construction

China’s industrial production growth was strong in May, but improvements in retail sales and fixed asset investment fell short of breaking into positive territory.

16 Jun 2020 - 4:53PM

China’s industrial production growth was strong in May, but improvements in retail sales and fixed asset investment fell short of breaking into positive territory.

China’s coronavirus recovery plan falls back on old playbook of debt and construction
Beijing says will take ‘whatever measures necessary’ to defend Chinese firms added to US entity list

Statement comes amid speculation China will soon roll out its own ‘unreliable entity list’ to retaliate against US firms.

6 Jun 2020 - 10:36PM

Statement comes amid speculation China will soon roll out its own ‘unreliable entity list’ to retaliate against US firms.

Beijing says will take ‘whatever measures necessary’ to defend Chinese firms added to US entity list
China putting US tensions over Hong Kong aside to subtly, quietly implement phase one trade deal

China has increased its purchases of US farm products as part of the phase one trade deal, while also transferring responsibility for the purchases.

5 Jun 2020 - 9:30PM

China has increased its purchases of US farm products as part of the phase one trade deal, while also transferring responsibility for the purchases.

China putting US tensions over Hong Kong aside to subtly, quietly implement phase one trade deal
China renews interest in trans-Pacific trade pact that followed TPP amid escalating US tensions

The Comprehensive Progressive Trans-Pacific Partnership Agreement followed Donald Trump’s decision to withdraw the US from the Trans-Pacific Partnership three years ago.

4 Jun 2020 - 10:37PM

The Comprehensive Progressive Trans-Pacific Partnership Agreement followed Donald Trump’s decision to withdraw the US from the Trans-Pacific Partnership three years ago.

China renews interest in trans-Pacific trade pact that followed TPP amid escalating US tensions