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 ‘not interested’ in becoming world’s No 1 economy or global hegemony, says vice foreign minister

Vice foreign minister Le Yucheng says Beijing is more interested in ‘people’s desire for a better life’ than status as the next superpower, a day after China posted better-than-expected economic growth figures for last year.

Vice foreign minister Le Yucheng says Beijing is more interested in ‘people’s desire for a better life’ than status as the next superpower, a day after China posted better-than-expected economic growth figures for last year.

19 Jan 2022 - 12:11AM
China GDP growth beats expectations, narrows gap with US, but population crisis, Covid-19 cloud outlook

China’s economy grew by 8.1 per cent last year, beating most expectations, but a slowdown in the fourth quarter has pointed to trouble ahead amid a worsening demographic picture, slowing property market and virus outbreaks.

China’s economy grew by 8.1 per cent last year, beating most expectations, but a slowdown in the fourth quarter has pointed to trouble ahead amid a worsening demographic picture, slowing property market and virus outbreaks.

18 Jan 2022 - 9:29AM
China’s population up less than half a million in 2021, births plunge again as crisis deepens

Mainland China’s population increased to 1.4126 billion last year, while Chinese mothers gave birth to 10.62 million babies, marking an 11.5 per cent decline from 2020, data released on Monday showed.

Mainland China’s population increased to 1.4126 billion last year, while Chinese mothers gave birth to 10.62 million babies, marking an 11.5 per cent decline from 2020, data released on Monday showed.

17 Jan 2022 - 8:22PM
China GDP: economic slowdown underlined in fourth quarter, but 2021 beat growth target

China’s economy grew by 4 per cent in the fourth quarter of last year, with the slowdown promoting the central bank to cut two key policy rates to address headwinds.

China’s economy grew by 4 per cent in the fourth quarter of last year, with the slowdown promoting the central bank to cut two key policy rates to address headwinds.

17 Jan 2022 - 5:17PM
China population: 2021 birth data to offer fresh insight into demographic crisis

Annual data will show whether China’s number of births and birth rate hit record lows in 2021, and will give breakdowns in terms of age, gender and residence.

Annual data will show whether China’s number of births and birth rate hit record lows in 2021, and will give breakdowns in terms of age, gender and residence.

16 Jan 2022 - 6:30PM
China trade: exporters poised to maintain short-term growth amid Omicron, but downside risks threaten full 2022 outlook

Analysts expect Chinese exports to remain bolstered by foreign demand for pandemic-related goods and electronics, but conditions that led to China’s largest trade surplus on record could change over the coming year.

Analysts expect Chinese exports to remain bolstered by foreign demand for pandemic-related goods and electronics, but conditions that led to China’s largest trade surplus on record could change over the coming year.

17 Jan 2022 - 3:24PM
China trade: strong performance in 2021, but signs of economic slowdown visible in December

China’s exports grew by 29.9 per cent in 2021 compared to the previous year, while imports last year grew by 30.1 per cent over the same period, customs data released on Friday showed.

China’s exports grew by 29.9 per cent in 2021 compared to the previous year, while imports last year grew by 30.1 per cent over the same period, customs data released on Friday showed.

14 Jan 2022 - 11:52AM
China’s soybean production to increase 40 per cent by 2025 amid food-security alarms

Food-security concerns prompt action to boost production of the essential oilseed, as demand is expected to continue growing, forcing China to heavily rely on imported soybeans to feed people and livestock.

Food-security concerns prompt action to boost production of the essential oilseed, as demand is expected to continue growing, forcing China to heavily rely on imported soybeans to feed people and livestock.

14 Jan 2022 - 1:13AM
China’s Omicron threat ‘under control’, no lockdown planned for Beijing Winter Olympics, organisers say

Organisers of the Beijing Winter Olympics are confident current coronavirus containment measures are sufficient and no lockdowns are planned for the capital or the neighbouring province of Hebei.

Organisers of the Beijing Winter Olympics are confident current coronavirus containment measures are sufficient and no lockdowns are planned for the capital or the neighbouring province of Hebei.

12 Jan 2022 - 12:28AM
Coronavirus: as Omicron spreads, Chinese cities boost efforts to prevent Lunar New Year travel

Hefei, the capital of central Anhui province, is handing out a coupon worth 1,000 yuan (US$157) to migrant workers if they choose to stay in the city over the holiday, rather than making the annual pilgrimage home.

Hefei, the capital of central Anhui province, is handing out a coupon worth 1,000 yuan (US$157) to migrant workers if they choose to stay in the city over the holiday, rather than making the annual pilgrimage home.

10 Jan 2022 - 9:00PM
Beijing authorities warn residents not to try to help Olympic vehicles if they are involved in a road accident because of strict Covid controls

An isolation bubble is now in force for the 2022 Winter Games, which means residents of the Chinese capital must shun all contact with those involved.

An isolation bubble is now in force for the 2022 Winter Games, which means residents of the Chinese capital must shun all contact with those involved.

10 Jan 2022 - 11:01AM
China blames imported Covid-19 cases as Shenzhen logs 3rd infection

National Health Commission links original pair to imported cases as spokesman highlights challenges posed by globally resurgent pandemic.

National Health Commission links original pair to imported cases as spokesman highlights challenges posed by globally resurgent pandemic.

9 Jan 2022 - 8:47PM
Shenzhen’s record power use in 2021 hints at healthy economic growth, despite US-China tech war

Shenzhen has been caught in the middle of a battle for tech supremacy between China and the US, stoking concern about its economic health. New data on power consumption suggests growth is on track.

Shenzhen has been caught in the middle of a battle for tech supremacy between China and the US, stoking concern about its economic health. New data on power consumption suggests growth is on track.

10 Jan 2022 - 11:29AM
US-China Fast Track Channel makes it easier for businesspeople and their families to enter China, with caveats

Quicker invitation letters are to be issued from local authorities, but final approval is still up to them, and extension to family members is limited to those under 18 years old.

Quicker invitation letters are to be issued from local authorities, but final approval is still up to them, and extension to family members is limited to those under 18 years old.

6 Jan 2022 - 5:30PM
China population: forget 2 or 3 kids, getting couples to have the first ‘most pressing problem’

Beijing has been pushing couples to have multiple children, but policy advisers warn that more must be done to reduce the cost of childbearing and parenting.

Beijing has been pushing couples to have multiple children, but policy advisers warn that more must be done to reduce the cost of childbearing and parenting.

6 Jan 2022 - 11:16AM
US-China reach trade talk ‘stalemate’ despite expiry of phase-one deal as Beijing, Washington remain silent

Talks between Vice-Premier Liu He and US Trade Representative Katherine Tai and US Treasury Secretary Janet Yellen have yet to happen despite the expiry of the phase-one trade deal last week.

Talks between Vice-Premier Liu He and US Trade Representative Katherine Tai and US Treasury Secretary Janet Yellen have yet to happen despite the expiry of the phase-one trade deal last week.

5 Jan 2022 - 9:32AM
China food security: top soybean region Heilongjiang unveils plan to ramp up annual harvest

China’s northeastern province of Heilongjiang will ramp up soybean output by 1.3 million tonnes this year, after President Xi Jinping called for more planting of oil crops to ensure national food security.

China’s northeastern province of Heilongjiang will ramp up soybean output by 1.3 million tonnes this year, after President Xi Jinping called for more planting of oil crops to ensure national food security.

4 Jan 2022 - 11:30AM
This impoverished Chinese city bet its fortunes on the 2022 Winter Olympics. Then the Covid-19 pandemic happened

Beijing 2022 had grand plans to be ‘fantastic, extraordinary and excellent. Now the goal is to be ‘simple, safe and splendid’.

Beijing 2022 had grand plans to be ‘fantastic, extraordinary and excellent. Now the goal is to be ‘simple, safe and splendid’.

3 Jan 2022 - 10:17AM
China’s tax evaders to be ‘severely punished’ as Beijing pushes for ‘common prosperity’

Beijing has made it clear that taxes are one of six key pillars in its “common prosperity” drive, a new initiative to reduce economic and social inequality.

Beijing has made it clear that taxes are one of six key pillars in its “common prosperity” drive, a new initiative to reduce economic and social inequality.

1 Jan 2022 - 2:13AM
China eyes 50 trillion yuan in retail sales by 2025, but external uncertainties put onus on domestic consumers to spend

With the future shrouded in uncertainties, a new five-year document says domestic trade must play an increasingly important role in shoring up the national economy and countering the turbulent external environment.

With the future shrouded in uncertainties, a new five-year document says domestic trade must play an increasingly important role in shoring up the national economy and countering the turbulent external environment.

31 Dec 2021 - 8:30PM
RCEP: China says world’s largest trade pact gives it ‘powerful leverage’ to cope with 2022 challenges

Beijing also expects the world’s largest trade deal, which takes effect on Saturday, to expand exports of Chinese products while helping speed up China’s industrial transformation.

Beijing also expects the world’s largest trade deal, which takes effect on Saturday, to expand exports of Chinese products while helping speed up China’s industrial transformation.

31 Dec 2021 - 5:30AM
China hits back at ‘double standards’ amid US tech war, Washington’s nuclear weapon concerns

Beijing issued its first white paper on export controls on Wednesday, a month after 12 more Chinese companies were placed on the United States’ export blacklist.

Beijing issued its first white paper on export controls on Wednesday, a month after 12 more Chinese companies were placed on the United States’ export blacklist.

30 Dec 2021 - 12:18AM
China yuan: Beijing sets out policies to stem fast appreciation to support exporters amid economic headwinds

Moves by the central government on yuan come hot on the heels of Beijing’s warning about the “threefold pressure” on the economy.

Moves by the central government on yuan come hot on the heels of Beijing’s warning about the “threefold pressure” on the economy.

24 Dec 2021 - 9:25AM
China’s zero-Covid strategy risks isolating it from trade partners as US tensions rise, expert says

China’s restrictions on international travel could compromise efforts to foster closer diplomatic ties with major trading partners, says a prominent Chinese academic.

China’s restrictions on international travel could compromise efforts to foster closer diplomatic ties with major trading partners, says a prominent Chinese academic.

18 Dec 2021 - 4:21AM
China GDP: 2020 economic growth revised down with Beijing braced for headwinds

China revised its 2020 gross domestic product (GDP) growth rate to 2.2 per cent year on year, down from 2.3 per cent previously, the National Bureau of Statistics said on Friday.

China revised its 2020 gross domestic product (GDP) growth rate to 2.2 per cent year on year, down from 2.3 per cent previously, the National Bureau of Statistics said on Friday.

17 Dec 2021 - 6:54PM
China’s retail sales growth slows in latest blow to economic recovery

China’s retail sales, industrial production and fixed-asset investment all grew in November from a year earlier, data released on Wednesday showed.

China’s retail sales, industrial production and fixed-asset investment all grew in November from a year earlier, data released on Wednesday showed.

15 Dec 2021 - 11:24AM
Xi Jinping says China must be ‘self-sufficient’ in energy, food and minerals amid global challenges

China needs to establish a ‘strategic baseline’ in key primary commodities such as energy, grains and minerals to ensure it is prepared for international challenges, Xi Jinping says.

China needs to establish a ‘strategic baseline’ in key primary commodities such as energy, grains and minerals to ensure it is prepared for international challenges, Xi Jinping says.

14 Dec 2021 - 10:38AM
China plays down Lithuania rift as Belt and Road Initiative investments rise in Central, Eastern Europe

NDRC official says stabilising foreign investment and trade will continue to be an economic priority for China in 2022, and it will seek to build more infrastructure – on par with US and European standards – in belt and road countries.

NDRC official says stabilising foreign investment and trade will continue to be an economic priority for China in 2022, and it will seek to build more infrastructure – on par with US and European standards – in belt and road countries.

13 Dec 2021 - 7:30PM
Show us the numbers on China’s economic risks, former finance minister says

Lou Jiwei says statistics should reflect the negatives and positives of the challenges China’s economy is facing.

Lou Jiwei says statistics should reflect the negatives and positives of the challenges China’s economy is facing.

13 Dec 2021 - 9:25AM
China must beware ‘grey rhino’ of primary commodities shortage, top policymaker warns

Scarcities in other countries remind China that primary commodities supply is a strategic issue, Han Wenxiu says as he discusses central economic work conference.

Scarcities in other countries remind China that primary commodities supply is a strategic issue, Han Wenxiu says as he discusses central economic work conference.

12 Dec 2021 - 2:00PM