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 sets 15-year transport expansion plan as it seeks to double size of economy by 2035

China’s plans to expand its high-speed railway system by 84 per cent come less than two weeks after US President Joe Biden warned that China is threatening to outcompete the US on infrastructure and transport.

26 Feb 2021 - 9:53AM

China’s plans to expand its high-speed railway system by 84 per cent come less than two weeks after US President Joe Biden warned that China is threatening to outcompete the US on infrastructure and transport.

China sets 15-year transport expansion plan as it seeks to double size of economy by 2035
China’s ‘two sessions’: leaders must decide whether to scale back economic stimulus as debt risks loom

Scaling back economic stimulus would align with Beijing’s call for balancing development and security, with efforts focused on curbing “grey rhino” risks that could threaten China’s financial system.

25 Feb 2021 - 3:03PM

Scaling back economic stimulus would align with Beijing’s call for balancing development and security, with efforts focused on curbing “grey rhino” risks that could threaten China’s financial system.

China’s ‘two sessions’: leaders must decide whether to scale back economic stimulus as debt risks loom
China’s new trade chief urges US to return relations to right track

Commerce Minister Wang Wentao uses first press briefing to remind Washington that both countries benefit from cooperation.

24 Feb 2021 - 6:51PM

Commerce Minister Wang Wentao uses first press briefing to remind Washington that both countries benefit from cooperation.

China’s new trade chief urges US to return relations to right track
China’s food security at core of Beijing’s new five-year rural-revitalisation plan

Ministry of Agriculture and Rural Affairs says China must ‘seize the opportunity and speed up innovations’ in the seed industry to help feed the nation’s 1.4 billion people.

23 Feb 2021 - 1:11AM

Ministry of Agriculture and Rural Affairs says China must ‘seize the opportunity and speed up innovations’ in the seed industry to help feed the nation’s 1.4 billion people.

China’s food security at core of Beijing’s new five-year rural-revitalisation plan
China food security: time to boost domestic output as focus on imports ‘fundamentally incompatible’

Food security and supply self-reliance has become a hot political issue and economic priority ahead of the 100th anniversary of the Chinese Communist Party this year.

22 Feb 2021 - 8:53AM

Food security and supply self-reliance has become a hot political issue and economic priority ahead of the 100th anniversary of the Chinese Communist Party this year.

China food security: time to boost domestic output as focus on imports  ‘fundamentally incompatible’
China-Australia relations: Beijing warns overseas students in Australia, saying ‘vicious incidents’ threaten their safety

China’s Ministry of Education points to attacks on overseas students in Australia, and the ‘great risks’ of travelling during the coronavirus pandemic.

5 Feb 2021 - 10:56PM

China’s Ministry of Education points to attacks on overseas students in Australia, and the ‘great risks’ of travelling during the coronavirus pandemic.

China-Australia relations: Beijing warns overseas students in Australia, saying ‘vicious incidents’ threaten their safety
China’s monetary tightening seen as a ‘warning to public’ to cool market expectations ahead of Lunar New Year

Central bank move seems to break from traditional convention of adding large sums to banking system before Lunar New Year so banks can meet liquidity requirements, and to meet rise in demand for cash by consumers.

4 Feb 2021 - 10:08AM

Central bank move seems to break from traditional convention of adding large sums to banking system before Lunar New Year so banks can meet liquidity requirements, and to meet rise in demand for cash by consumers.

China’s monetary tightening seen as a ‘warning to public’ to cool market expectations ahead of Lunar New Year
China’s new coronavirus outbreaks expose vulnerable economic recovery as January factory activity slows

A slowdown in manufacturing activity in January has shown China’s economic recovery from the coronavirus pandemic may be ‘peaking’, as the country battles a new wave of infections.

1 Feb 2021 - 11:58PM

A slowdown in manufacturing activity in January has shown China’s economic recovery from the coronavirus pandemic may be ‘peaking’, as the country battles a new wave of infections.

China’s new coronavirus outbreaks expose vulnerable economic recovery as January factory activity slows
China’s service sector recovery takes another hit as new coronavirus outbreaks cast pall over Lunar New Year consumption, travel

Chinese Ministry of Transport now projects that trips made during the Spring Festival holiday period will hit a three-decade low, as it revises down its travel estimates by more than 32 per cent from a week earlier.

1 Feb 2021 - 11:30AM

Chinese Ministry of Transport now projects that trips made during the Spring Festival holiday period will hit a three-decade low, as it revises down its travel estimates by more than 32 per cent from a week earlier.

China’s service sector recovery takes another hit as new coronavirus outbreaks cast pall over Lunar New Year consumption, travel
China’s state-run economic model is not the answer to all future problems, despite coronavirus success, prominent economists warn

As lives in parts of the country are upended by coronavirus control measures, Chinese authorities at local levels are being called on to adhere to higher human rights standards.

28 Jan 2021 - 11:34PM

As lives in parts of the country are upended by coronavirus control measures, Chinese authorities at local levels are being called on to adhere to higher human rights standards.

China’s state-run economic model is not the answer to all future problems, despite coronavirus success, prominent economists warn
China-New Zealand relations: upgrade to free-trade agreement eliminates nearly all trade tariffs

Free-trade agreement widens the existing pact between China and New Zealand a month after a similar trade review between Australia and China was abandoned.

27 Jan 2021 - 12:44PM

Free-trade agreement widens the existing pact between China and New Zealand a month after a similar trade review between Australia and China was abandoned.

China-New Zealand relations: upgrade to free-trade agreement eliminates nearly all trade tariffs
China’s provinces set confident economic growth targets for 2021

Beijing, Shanghai, Guangdong all forecast at least 6 per cent rise for year ahead, but as in 2020, central government is unlikely to set a nominal goal for GDP growth, policy advisers say.

24 Jan 2021 - 10:59PM

Beijing, Shanghai, Guangdong all forecast at least 6 per cent rise for year ahead, but as in 2020, central government is unlikely to set a nominal goal for GDP growth, policy advisers say.

China’s provinces set confident economic growth targets for 2021
China’s weak consumer spending requires its leaders to upgrade policy toolkit, Beijing adviser says

Prominent Beijing adviser Wang Yiming says traditional policy prescriptions alone are ineffective in igniting consumption as consumer confidence remains low in China.

21 Jan 2021 - 11:23PM

Prominent Beijing adviser Wang Yiming says traditional policy prescriptions alone are ineffective in igniting consumption as consumer confidence remains low in China.

China’s weak consumer spending requires its leaders to upgrade policy toolkit, Beijing adviser says
China FDI rose to record level in 2020 despite coronavirus, fastest growth rate in five years

Foreign direct investment (FDI) into China rose 4.5 per cent from 2019 to US$144.37 billion last year.

20 Jan 2021 - 11:12PM

Foreign direct investment (FDI) into China rose 4.5 per cent from 2019 to US$144.37 billion last year.

China FDI rose to record level in 2020 despite coronavirus, fastest growth rate in five years
China’s national security screening rules for foreign investments enter force

China’s new rules on foreign investment screening were announced just before it sealed a bilateral investment treaty with the European Union.

20 Jan 2021 - 9:18AM

China’s new rules on foreign investment screening were announced just before it sealed a bilateral investment treaty with the European Union.

China’s national security screening rules for foreign investments enter force
China takes victory lap over economic recovery to pre-coronavirus pandemic growth rates

The Chinese economy officially grew by 2.3 per cent in 2020, but some analysts point to unsustainable nature of China’s dramatic rebound.

19 Jan 2021 - 8:30AM

The Chinese economy officially grew by 2.3 per cent in 2020, but some analysts point to unsustainable nature of China’s dramatic rebound.

China takes victory lap over economic recovery to pre-coronavirus pandemic growth rates
China GDP: economy ends coronavirus-ravaged year with strong growth surge

China’s coronavirus-hit economy expanded by 2.3 per cent in 2020, but its recovery from the coronavirus was highlighted by a growth rate of 6.5 per cent in the fourth quarter.

20 Jan 2021 - 6:09PM

China’s coronavirus-hit economy expanded by 2.3 per cent in 2020, but its recovery from the coronavirus was highlighted by a growth rate of 6.5 per cent in the fourth quarter.

China GDP: economy ends coronavirus-ravaged year with strong growth surge
Will Joe Biden’s US$1.9 trillion ‘American Rescue Plan’ be a boon for China, or could excessive liquidity lead to financial trouble?

If approved, the latest US coronavirus stimulus package would pump even more liquidity into the global economy, and much of that could rapidly flow into China, where investment returns are higher.

16 Jan 2021 - 12:06AM

If approved, the latest US coronavirus stimulus package would pump even more liquidity into the global economy, and much of that could rapidly flow into China, where investment returns are higher.

Will Joe Biden’s US$1.9 trillion ‘American Rescue Plan’ be a boon for China, or could excessive liquidity lead to financial trouble?
China’s economy set to receive ‘necessary support’ for coronavirus recovery this year, central bank says

The People’s Bank of China says there will be no U-turn on its policy stance this year as the world’s second largest economy continues to recover from the coronavirus pandemic.

15 Jan 2021 - 9:22PM

The People’s Bank of China says there will be no U-turn on its policy stance this year as the world’s second largest economy continues to recover from the coronavirus pandemic.

China’s economy set to receive ‘necessary support’ for coronavirus  recovery this year, central bank says
China’s trade surplus hits record in December to end year in which it exported 40 masks per person around world

December figures show China’s exports and imports were both stronger than expected amid a global winter wave of coronavirus outbreaks, and trade surplus with United States rose again in 2020.

14 Jan 2021 - 11:38PM

December figures show China’s exports and imports were both stronger than expected amid a global winter wave of coronavirus outbreaks, and trade surplus with United States rose again in 2020.

China’s trade surplus hits record in December to end year in which it exported 40 masks per person around world
China trade: export surge continued in December, pushing surplus to record high

China’s exports grew by 18.1 per cent in December from a year earlier, while imports grew by 6.5 per cent, pushing the trade surplus to a record US$78.18 billion last month.

15 Jan 2021 - 9:19AM

China’s exports grew by 18.1 per cent in December from a year earlier, while imports grew by 6.5 per cent, pushing the trade surplus to a record US$78.18 billion last month.

China trade: export surge continued in December, pushing surplus to record high
Coronavirus: China’s new outbreak raises questions about consumer spending over Lunar New Year holiday

China’s biggest coronavirus outbreak in months comes amid sub-freezing temperatures around the capital, and rapid lockdowns have residents of Hebei province scrambling to obtain daily necessities.

14 Jan 2021 - 11:15AM

China’s biggest coronavirus outbreak in months comes amid sub-freezing temperatures around the capital, and rapid lockdowns have residents of Hebei province scrambling to obtain daily necessities.

Coronavirus: China’s new outbreak raises questions about consumer spending over Lunar New Year holiday
Community group buying has brought Big Tech’s disruption to China’s smaller cities but are they ready for it?

Community group buying is shaking up China’s traditional food wholesalers but the potential impact on jobs has seen regulators step up scrutiny of business model.

10 Jan 2021 - 8:55PM

Community group buying is shaking up China’s traditional food wholesalers but the potential impact on jobs has seen regulators step up scrutiny of business model.

Community group buying has brought Big Tech’s disruption to China’s smaller cities but are they ready for it?
China’s biggest coronavirus outbreak in months stalls coal, steel deliveries as frigid temperatures compound problems

Parts of China have started restricting vehicle traffic from Hebei province, which surrounds Beijing, and that includes trucks carrying essential coal for heating, in addition to raw materials such as steel.

8 Jan 2021 - 10:37PM

Parts of China have started restricting vehicle traffic from Hebei province, which surrounds Beijing, and that includes trucks carrying essential coal for heating, in addition to raw materials such as steel.

China’s biggest coronavirus outbreak in months stalls coal, steel deliveries as frigid temperatures compound problems
China’s food security requires local Communist Party members to step up, new agricultural minister says

Policy moves from central authorities in recent weeks suggest that a cycle of large-scale expansion in grain-planting acreage is likely to be seen in China this year, analysts say.

7 Jan 2021 - 8:40PM

Policy moves from central authorities in recent weeks suggest that a cycle of large-scale expansion in grain-planting acreage is likely to be seen in China this year, analysts say.

China’s food security requires local Communist Party members to step up, new agricultural minister says
China’s economic activity slowed modestly in December, new data shows

China’s official manufacturing purchasing managers’ index (PMI) fell to 51.9 in December from 52.1 in November, while the official non-manufacturing PMI fell to 55.7 from 56.4.

31 Dec 2020 - 11:25PM

China’s official manufacturing purchasing managers’ index (PMI) fell to 51.9 in December from 52.1 in November, while the official non-manufacturing PMI fell to 55.7 from 56.4.

China’s economic activity slowed modestly in December, new data shows
China’s latest digital currency test doubles down on previous trial, nudging merchants and consumers to embrace e-yuan

China’s central bank ramps up engagement in latest digital sovereign currency programme, and merchants who were reluctant to participate are seeing how convenient the payment system can be after just a couple of weeks of use.

26 Dec 2020 - 11:09PM

China’s central bank ramps up engagement in latest digital sovereign currency programme, and merchants who were reluctant to participate are seeing how convenient the payment system can be after just a couple of weeks of use.

China’s latest digital currency test doubles down on previous trial, nudging merchants and consumers to embrace e-yuan
China-Australia relations: timber trade felled as imports axed from two more Australian states

China halted log timber from New South Wales and Western Australia from Wednesday after discovering ‘live forest pests’ in imports.

24 Dec 2020 - 5:51PM

China halted log timber from New South Wales and Western Australia from Wednesday after discovering ‘live forest pests’ in imports.

China-Australia relations: timber trade felled as imports axed from two more Australian states
China food security: Beijing calls for biotech breakthrough to improve seed industry

China’s top leaders have called for ‘technological breakthroughs in seeds’, as reports of grain shortages and disruptions from the coronavirus stir up concern over food security.

23 Dec 2020 - 11:06AM

China’s top leaders have called for ‘technological breakthroughs in seeds’, as reports of grain shortages and disruptions from the coronavirus stir up concern over food security.

China food security: Beijing calls for biotech breakthrough to improve seed industry
China to open energy sector to foreign investment as it seeks to balance energy security with carbon neutral pledge

China has announced it will open its energy sector to private investment as part of its drive for security and carbon neutrality.

22 Dec 2020 - 6:15PM

China has announced it will open its energy sector to private investment as part of its drive for security and carbon neutrality.

China to open energy sector to foreign investment as it seeks to balance energy security with carbon neutral pledge