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Orange Wang
Orange Wang
Reporter, China
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.

Xinhua’s conciliatory editorial line is in sharp contrast to its accusation just weeks earlier that the US had a ‘friend or foe’ mindset that would lead nowhere.

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China’s official manufacturing purchasing managers’ index rebounds to 50.8 in March, crossing into expansion territory after five months of contraction, but scepticism about world’s No. 2 economy looms.

Industry and information technology minister touts benefits of setting up R&D centres in China and teaming up with domestic firms, as inbound investments have slowed amid geopolitical tensions.

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China’s manufacturing and consumption gradually rebounded in the first two months of the year, and investment growth and industrial output beat market expectations, but the property market continued to drag.

Annual political meetings are a platform for Beijing to broadcast foreign policy positions, but analysts expect neutral stance on US presidential race as a Biden-Trump rematch between would offer little relief for bilateral relations.

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Politburo promises ‘stable, transparent and predictable policy environment’ as investors question China’s business climate in the face of security and regulatory challenges, lukewarm consumer sentiment, a property crisis and demographic changes.

Wu Sike, special envoy for the Middle East from 2009-14, says China can bank on ‘long-standing friendly’ ties to provide strategic support in the region.

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The visit is designed to ‘deepen the friendship between the two peoples and advance cooperation between sister cities’ through non-official channels

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Washington said new working group’s first meeting in Beijing was a ‘good start’ but says ‘there’s a lot more work to be done’ in fighting illicit opioid trade.

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US economy surprisingly expanded at an annualised rate of 3.3 per cent in the fourth quarter, while China is faced with challenges at home and abroad.

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Note of caution from Fang Ning comes amid deepening Russia-North Korea ties, and reports of imminent visit to Pyongyang by Russian President Vladimir Putin.

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China’s jobless rate for the 16 to 24 age group returned for December, with the adjusted figure excluding students standing at 14.9 per cent, but analysts say it is still difficult to ‘truly glean what’s happening’.

China’s overall population fell by 2.08 million last year to 1.4097 billion, down from 1.4118 billion in 2022, while births declined by 5.6 per cent to 9.02 million in 2023, data released on Wednesday showed.

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While China’s economy grew in 2023 by 5.2 per cent, analysts say that maintaining the same pace in 2024 ‘will prove a lot more challenging’, and Beijing’s priorities include the property market, investor confidence and the private sector.