Sidney Leng

Hong Kong

Sidney Leng

Reporter, China Economy

Sidney Leng joined the Post in 2015 after spending a year and a half working for US media, including National Public Radio and Foreign Policy Magazine. He has been covering China's macroeconomic policies and financial regulations since 2016.

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Latest from Sidney Leng

China could struggle to keep growth above 4 per cent over next decade, warns prominent economist

Beijing must address China’s ageing population, debt levels and falling investment to sustain growth above 5 per cent over next decade, says Gao Shanwen.

29 Nov 2019 - 9:29AM

Beijing must address China’s ageing population, debt levels and falling investment to sustain growth above 5 per cent over next decade, says Gao Shanwen.

China could struggle to keep growth above 4 per cent over next decade, warns prominent economist
China’s cryptocurrency miners look to capitalise on policy shift and cheap power, despite trading ban

In a surprising policy shift in late October, China’s economic planning agency removed cryptocurrency mining from a list of activities set for elimination.

25 Nov 2019 - 10:59PM

In a surprising policy shift in late October, China’s economic planning agency removed cryptocurrency mining from a list of activities set for elimination.

China’s cryptocurrency miners look to capitalise on policy shift and cheap power, despite trading ban
Japan, Taiwan, South Korea exports raise hopes Asian tech cycle downturn has bottomed out

Latest export data from the three main semiconductor producing countries in Asia – Japan, South Korea and Taiwan – offer a glimmer of hope of recovery.

22 Nov 2019 - 8:00PM

Latest export data from the three main semiconductor producing countries in Asia – Japan, South Korea and Taiwan – offer a glimmer of hope of recovery.

Japan, Taiwan, South Korea exports raise hopes Asian tech cycle downturn has bottomed out
Shenzhen faced with affordable public housing dilemma after tech capital ditched Hong Kong property model

The southern Chinese city of Shenzhen has reduced its reliance on land sales for revenue, but a shortage of land appears to be both a blessing and a curse.

22 Nov 2019 - 12:38PM

The southern Chinese city of Shenzhen has reduced its reliance on land sales for revenue, but a shortage of land appears to be both a blessing and a curse.

Shenzhen faced with affordable public housing dilemma after tech capital ditched Hong Kong property model
China remains silent as Trump repeats threat to hike tariffs if trade war deal not reached soon

Chinese officials and state media have remained silent on US president’s threats this week to raise tariffs if a trade deal is not reached soon.

20 Nov 2019 - 3:49PM

Chinese officials and state media have remained silent on US president’s threats this week to raise tariffs if a trade deal is not reached soon.

China remains silent as Trump repeats threat to hike tariffs if trade war deal not reached soon
China, US push global debt towards record US$255 trillion as trade war continues to impact global economy

China and the US contributed over 60 per cent of the US$7.5 trillion increase in global debt over the first half of 2019, said the Institute of International Finance.

17 Nov 2019 - 4:57PM

China and the US contributed over 60 per cent of the US$7.5 trillion increase in global debt over the first half of 2019, said the Institute of International Finance.

China, US push global debt towards record US$255 trillion as trade war continues to impact global economy
China to unify regional economic data calculation from early 2020 to further boost acceptance of figures

Economic data quality in China has constantly been questioned, particularly at a local level where governments have strong incentives to inflate figures for political promotion.

14 Nov 2019 - 11:05PM

Economic data quality in China has constantly been questioned, particularly at a local level where governments have strong incentives to inflate figures for political promotion.

China to unify regional economic data calculation from early 2020  to further boost acceptance of figures
Economic ties between US states, China provinces touted as fix to spiralling cost of trade war

At least seven US states, including Washington, at a massive trade event in Shanghai have stressed ‘subnational’ economic ties as an antidote to the US-China trade war.

7 Nov 2019 - 10:49PM

At least seven US states, including Washington, at a massive trade event in Shanghai have stressed ‘subnational’ economic ties as an antidote to the US-China trade war.

Economic ties between US states, China provinces touted as fix to spiralling cost of trade war
Xi Jinping’s meeting with Carrie Lam: she reveals she could feel his support for her to end Hong Kong protest violence; analysts say it was to quash rumours of her firing

Xi Jinping also took a measured approach in giving his assessment of the political crisis roiling the city, analysts said.

6 Nov 2019 - 4:48PM

Xi Jinping also took a measured approach in giving his assessment of the political crisis roiling the city, analysts said.

Xi Jinping’s meeting with Carrie Lam: she reveals she could feel his support for her to end Hong Kong protest violence; analysts say it was to quash rumours of her firing
China will open market further in push to bring down global trade barriers, Xi Jinping tells import expo

Chinese President Xi Jinping has urged global leaders to bring down trade barriers and resist protectionism in a speech at the China International Import Expo.

5 Nov 2019 - 6:14PM

Chinese President Xi Jinping has urged global leaders to bring down trade barriers and resist protectionism in a speech at the China International Import Expo.

China will open market further in push to bring down global trade barriers, Xi Jinping tells import expo
Chinese provinces count the cost of trade war, tax reforms as fiscal revenue growth slumps

Official figures show average growth rate among 28 province-level authorities in first nine months was just 3.1 per cent, compared with 7.8 per cent for the same period of 2018.

2 Nov 2019 - 11:14PM

Official figures show average growth rate among 28 province-level authorities in first nine months was just 3.1 per cent, compared with 7.8 per cent for the same period of 2018.

Chinese provinces count the cost of trade war, tax reforms as fiscal revenue growth slumps
China expects more US companies to join Facebook, Microsoft and Boeing at import expo, despite trade war

More American companies to flock to giant import fair in Shanghai in November, which is to be opened by Chinese President Xi Jinping, despite the pain of US trade war tariffs.

30 Oct 2019 - 10:16AM

More American companies to flock to giant import fair in Shanghai in November, which is to be opened by Chinese President Xi Jinping, despite the pain of US trade war tariffs.

China expects more US companies to join Facebook, Microsoft and Boeing at import expo, despite trade war
China plans to tackle fraudulent data with harsh new penalties for local leaders and the help of AI

Beijing is amending its statistics law to crack down on fraudulent data that has caused some observers to question official economic statistics.

25 Oct 2019 - 11:28PM

Beijing is amending its statistics law to crack down on fraudulent data that has caused some observers to question official economic statistics.

China plans to tackle fraudulent data with harsh new penalties for local leaders and the help of AI
China President Xi Jinping to speak at Shanghai import expo next month in bid to offset US trade war worries

Xi Jinping is expected to again give a keynote speech on the first day of the China International Import Expo, which will be held from November 5-10.

29 Oct 2019 - 6:01PM

Xi Jinping is expected to again give a keynote speech on the first day of the China International Import Expo, which will be held from November 5-10.

China President Xi Jinping to speak at Shanghai import expo next month in bid to offset US trade war worries
Foreign firms in China cut new jobs by 25 per cent in third quarter in sign of decoupling, study shows

Survey suggests firms are becoming more cautious after cutting jobs by 25 per cent in the third quarter despite official data indicating a stable employment situation.

25 Oct 2019 - 10:31AM

Survey suggests firms are becoming more cautious after cutting jobs by 25 per cent in the third quarter despite official data indicating a stable employment situation.

Foreign firms in China cut new jobs by 25 per cent in third quarter in sign of decoupling, study shows
Shenzhen turning its back on Hong Kong property model in favour of affordable public housing

The southern city of Shenzhen is home to the likes of Tencent and DJI, but rising prices caused by private land sales have made it one of China’s most expensive cities.

24 Oct 2019 - 2:44PM

The southern city of Shenzhen is home to the likes of Tencent and DJI, but rising prices caused by private land sales have made it one of China’s most expensive cities.

Shenzhen turning its back on Hong Kong property model in favour of affordable public housing
China’s rising instant noodle sales revive debate over if Chinese consumers are spending less

Sharp recovery in sales renews talk of whether people are tightening their belts because of economic worries.

18 Oct 2019 - 11:26AM

Sharp recovery in sales renews talk of whether people are tightening their belts because of economic worries.

China’s rising instant noodle sales revive debate over if Chinese consumers are spending less
Chinese Basketball Association won’t work with Houston Rockets after controversial tweet

CBA halts cooperation with team over ‘improper remarks’ by its general manager in social media post supporting Hong Kong’s protesters.

8 Oct 2019 - 1:11PM

CBA halts cooperation with team over ‘improper remarks’ by its general manager in social media post supporting Hong Kong’s protesters.

Chinese Basketball Association won’t work with Houston Rockets after controversial tweet
Mainland Chinese fans angered by Houston Rockets general manager’s tweet supporting Hong Kong protests

Daryl Morey posted an image reading ‘Fight for freedom, stand with Hong Kong’ – a slogan used by pro-democracy protesters – before deleting it.

6 Oct 2019 - 12:41AM

Daryl Morey posted an image reading ‘Fight for freedom, stand with Hong Kong’ – a slogan used by pro-democracy protesters – before deleting it.

Mainland Chinese fans angered by Houston Rockets general manager’s tweet supporting Hong Kong protests
China’s former securities regulator Liu Shiyu gets light punishment after graft probe

Anti-corruption watchdog finds 58-year-old Liu Shiyu used his role for personal gain, broke the rules to help others work in financial system, and accepted gifts.

8 Oct 2019 - 10:19AM

Anti-corruption watchdog finds 58-year-old Liu Shiyu used his role for personal gain, broke the rules to help others work in financial system, and accepted gifts.

China’s former securities regulator Liu Shiyu gets light punishment after graft probe
China, US seen to have good reasons to reach interim trade deal next week, but agreement far from assured

Negotiators from China and the United States will meet for the 13th round of high-level trade negotiations next week in Washington.

8 Oct 2019 - 3:37PM

Negotiators from China and the United States will meet for the 13th round of high-level trade negotiations next week in Washington.

China, US seen to have good reasons to reach interim trade deal next week, but agreement far from assured
After 70 years of economic progress, is China on the right road to achieve Xi Jinping’s ‘Chinese dream’?

China has evolved from an economic backwater into a world economic powerhouse, but now faces numerous challenges, including the trade war with the United States.

2 Oct 2019 - 8:55AM

China has evolved from an economic backwater into a world economic powerhouse, but now faces numerous challenges, including the trade war with the United States.

After 70 years of economic progress, is China on the right road to achieve Xi Jinping’s ‘Chinese dream’?
Carrie Lam denies reports of talks with state firms on buying up Hong Kong

Chief executive says she met SOE representatives as part of her general responsibilities as leader.

13 Sep 2019 - 11:49PM

Chief executive says she met SOE representatives as part of her general responsibilities as leader.

Carrie Lam denies reports of talks with state firms on buying up Hong Kong
Protesters’ newest theme song, ‘Glory to Hong Kong’, echoes through city’s shopping malls as crowds gather for peaceful rallies

A local musician was said to have composed number in response to an online call for a theme song to unite protesters and boost their morale.

11 Sep 2019 - 6:18AM

A local musician was said to have composed number in response to an online call for a theme song to unite protesters and boost their morale.

Protesters’ newest theme song, ‘Glory to Hong Kong’, echoes through city’s shopping malls as crowds gather for peaceful rallies
Capital outflows amid Hong Kong’s protests could have caused record drop in forex reserves, analysts say

Foreign exchange reserves fell from a record high of US$448.4 billion in July to US$432.8 billion in August, the biggest since the data was first published in 1988.

12 Sep 2019 - 7:10PM

Foreign exchange reserves fell from a record high of US$448.4 billion in July to US$432.8 billion in August, the biggest since the data was first published in 1988.

Capital outflows amid Hong Kong’s protests could have caused record drop in forex reserves, analysts say
China manufacturing imports down sharply on weak economy, trade war impact

Bad news for Asian exporters like Japan, South Korea, Taiwan that depend on Chinese demand.

10 Sep 2019 - 9:19AM

Bad news for Asian exporters like Japan, South Korea, Taiwan that depend on Chinese demand.

China manufacturing imports down sharply on weak economy, trade war impact
China appoints new digital currency head as race with Facebook’s Libra heats up

Mu Changchun will replace Yao Qian as the head of the People’s Bank of China’s research subsidiary on digital currency.

6 Sep 2019 - 10:47PM

Mu Changchun will replace Yao Qian as the head of the People’s Bank of China’s research subsidiary on digital currency.

China appoints new digital currency head as race with Facebook’s Libra heats up
China needs to rev up stimulus measures to repair broken down car sales, analysts say

Sales have fallen for 13 straight months since July 2018, and look set to fall for a 14th in August despite three measures already introduced intended to boost purchases.

5 Sep 2019 - 10:03PM

Sales have fallen for 13 straight months since July 2018, and look set to fall for a 14th in August despite three measures already introduced intended to boost purchases.

China needs to rev up stimulus measures to repair broken down car sales, analysts say
China-US trade war talks to resume in early October as global growth outlook dims

The two sides agree to meet in Washington next month as private sector growth forecasts cut because of escalating trade war impact

6 Sep 2019 - 3:50AM

The two sides agree to meet in Washington next month as private sector growth forecasts cut because of escalating trade war impact

China-US trade war talks to resume in early October as global growth outlook dims
Is China set to beat Facebook’s Libra by launching its digital currency this autumn?

‘Forbes’ magazine reported that China’s central bank will launch its own sovereign digital currency to coincide with the Singles' Day online shopping festival.

6 Sep 2019 - 11:18AM

‘Forbes’ magazine reported that China’s central bank will launch its own sovereign digital currency to coincide with the Singles' Day online shopping festival.

Is China set to beat Facebook’s Libra by launching its digital currency this autumn?