Sidney Leng

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.
Sidney Leng
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.

Latest from Sidney Leng

China plans to allow foreign investment in VPN services as part of Beijing trial in latest opening up move

Currently, China’s Great Firewall blocks access to 135 of the world’s top 1,000 websites, including Google, Facebook, Twitter, and YouTube.

16 Aug 2019 - 11:40PM

Currently, China’s Great Firewall blocks access to 135 of the world’s top 1,000 websites, including Google, Facebook, Twitter, and YouTube.

China plans to allow foreign investment in VPN services as part of Beijing trial in latest opening up move
China’s banks resisting calls for more loans to firms due to rising default risks, lower demand due to trade war

Short-term lending to corporations in July fell 219.5 billion yuan (US$31 billion), while long term loans suffered a decline of 25 per cent.

15 Aug 2019 - 11:11PM

Short-term lending to corporations in July fell 219.5 billion yuan (US$31 billion), while long term loans suffered a decline of 25 per cent.

China’s banks resisting calls for more loans to firms due to rising default risks, lower demand due to trade war
China’s yuan exchange rate drop could roil already strained Hong Kong-protest hit economy

The yuan fell below the key level of 7 to the US dollar last week for the first time in 11 years, and could hit tourism and retail spending from mainland Chinese visitors.

14 Aug 2019 - 7:00AM

The yuan fell below the key level of 7 to the US dollar last week for the first time in 11 years, and could hit tourism and retail spending from mainland Chinese visitors.

China’s yuan exchange rate drop could roil already strained Hong Kong-protest hit economy
Fujianese community rally in support of Hong Kong police, call for end to violence

Wearing bright orange and white vests and holding anti-protest placards, they gathered at federation’s office in North Point to back officers and government.

11 Aug 2019 - 5:01AM

Wearing bright orange and white vests and holding anti-protest placards, they gathered at federation’s office in North Point to back officers and government.

Fujianese community rally in support of Hong Kong police, call for end to violence
China, US trade talks resume in Shanghai in shadow of Donald Trump’s angry tweets aimed at Beijing

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin did not comment on the talks during a photo session with Vice-Premier Liu He.

31 Jul 2019 - 2:19PM

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin did not comment on the talks during a photo session with Vice-Premier Liu He.

China, US trade talks resume in Shanghai in shadow of Donald Trump’s angry tweets aimed at Beijing
China can turn US trade war ‘crisis into an opportunity’, says top leadership, as Donald Trump tweets complaint

Quarterly meeting of the country’s top leadership chaired by President Xi Jinping concluded China must rely on its domestic demand potential.

30 Jul 2019 - 11:27PM

Quarterly meeting of the country’s top leadership chaired by President Xi Jinping concluded China must rely on its domestic demand potential.

China can turn US trade war ‘crisis into an opportunity’, says top leadership, as Donald Trump tweets complaint
US-China trade talks kick off in Shanghai with little fanfare

There were few visible signs of negotiations in Shanghai on Tuesday, as officials launched first face-to-face talks since May.

30 Jul 2019 - 6:52PM

There were few visible signs of negotiations in Shanghai on Tuesday, as officials launched first face-to-face talks since May.

US-China trade talks kick off in Shanghai with little fanfare
China’s growth being held back by restrictive resident registration system, urbanisation expert says

Weak economic growth in both Beijing and Shanghai should act as a warning of the need for further changes to the hukou system, according to professor Lu Ming.

26 Jul 2019 - 2:49AM

Weak economic growth in both Beijing and Shanghai should act as a warning of the need for further changes to the hukou system, according to professor Lu Ming.

China’s growth being held back by restrictive resident registration system, urbanisation expert says
China’s choice of Shanghai for US trade talks emphasises commercial rather than political focus, analysts say

Switching first face-to-face gathering since G20 summit from Beijing sends message that ‘trade should be trade, and politics should be politics,’ analyst says.

25 Jul 2019 - 9:16AM

Switching first face-to-face gathering since G20 summit from Beijing sends message that ‘trade should be trade, and politics should be politics,’ analyst says.

China’s choice of Shanghai for US trade talks emphasises commercial rather than political focus, analysts say
China’s job market improves in second quarter despite record low growth rate

Ratio of available jobs to jobs seekers rose to 1.89 in the second quarter, up from five-year low of 1.68 in the first three months of 2019.

17 Jul 2019 - 8:00PM

Ratio of available jobs to jobs seekers rose to 1.89 in the second quarter, up from five-year low of 1.68 in the first three months of 2019.

China’s job market improves in second quarter despite record low growth rate
Donald Trump goads China over record low GDP growth rate as US trade war tariffs hit slowing Chinese economy

Gross domestic product growth slowed to 6.2 per cent in the second quarter of 2019, with tariffs of 25 per cent on US$250 billion of Chinese imports remaining in place.

16 Jul 2019 - 2:59PM

Gross domestic product growth slowed to 6.2 per cent in the second quarter of 2019, with tariffs of 25 per cent on US$250 billion of Chinese imports remaining in place.

Donald Trump goads China over record low GDP growth rate as US trade war tariffs hit slowing Chinese economy
China economy reports lowest GDP growth on record for second quarter as US trade war bites

China’s economic growth slowed to a record low of 6.2 per cent in the second quarter of 2019 as the shock from the protracted trade war with the United States continued.

16 Jul 2019 - 11:07AM

China’s economic growth slowed to a record low of 6.2 per cent in the second quarter of 2019 as the shock from the protracted trade war with the United States continued.

China economy reports lowest GDP growth on record for second quarter as US trade war bites
China’s exports and imports both fell in June, as higher US trade war tariffs blitz Chinese economy

China is struggling to contain the impact tariffs levied by US President Donald Trump, leading to declines in exports and imports.

13 Jul 2019 - 5:00AM

China is struggling to contain the impact tariffs levied by US President Donald Trump, leading to declines in exports and imports.

China’s exports and imports both fell in June, as higher US trade war tariffs blitz Chinese economy
China economy: ‘worst is yet to come’ with trade war tariffs likely to escalate, Nomura economists say

Headwinds continue to mount, including lingering uncertainties over trade tensions with the United States, and the possibility of further American tariffs.

22 Jul 2019 - 9:53AM

Headwinds continue to mount, including lingering uncertainties over trade tensions with the United States, and the possibility of further American tariffs.

China economy: ‘worst is yet to come’ with trade war tariffs likely to escalate, Nomura economists say
US keeps China in loop on North Korea with briefing on Trump-Kim talks

US envoy Stephen Biegun says US ‘willing to improve communication and coordination’.

6 Jul 2019 - 11:43PM

US envoy Stephen Biegun says US ‘willing to improve communication and coordination’.

US keeps China in loop on North Korea with briefing on Trump-Kim talks
China’s tech sector faces ‘hangover after the party’, with trade war and economic slowdown hitting employment

Baidu, Tencent and JD.com are all downsizing, as analysts point to a sector in decline after years of expanding at an unrealistic pace.

5 Jul 2019 - 10:53PM

Baidu, Tencent and JD.com are all downsizing, as analysts point to a sector in decline after years of expanding at an unrealistic pace.

China’s tech sector faces ‘hangover after the party’, with trade war and economic slowdown hitting employment
China’s textile capital Suzhou was struggling before the trade war tariffs rises, now factories are closing their gates

Over 500 companies in Suzhou exported 28 per cent less in the first four months of 2019 compared to the same time last year.

28 Jun 2019 - 10:52PM

Over 500 companies in Suzhou exported 28 per cent less in the first four months of 2019 compared to the same time last year.

China’s textile capital Suzhou was struggling before the trade war tariffs rises, now factories are closing their gates
Facebook Libra: What can China learn from the world’s first super sovereign currency?

China has voiced hope of a super sovereign currency to replace the US dollar hegemony, but could Facebook Libra steal its thunder?

11 Jul 2019 - 1:54PM

China has voiced hope of a super sovereign currency to replace the US dollar hegemony, but could Facebook Libra steal its thunder?

Facebook Libra: What can China learn from the world’s first super sovereign currency?
Facebook’s Libra global cryptocurrency - how will China react?

Expected launch of new global cryptocurrency next year raises new questions for China, analysts say.

11 Jul 2019 - 1:29PM

Expected launch of new global cryptocurrency next year raises new questions for China, analysts say.

Facebook’s Libra global cryptocurrency - how will China react?
China's North-South economic divide is growing, away from the glare of the US trade war

China’s economic centre of gravity is shifting to the South, home to hi-tech industries and coastal ports.

22 Jun 2019 - 8:30PM

China’s economic centre of gravity is shifting to the South, home to hi-tech industries and coastal ports.

China's North-South economic divide is growing, away from the glare of the US trade war
Chinese President Xi Jinping promises to play ‘positive’ role in helping North Korea denuclearise

Chinese leader tells Kim Jong-un he is ready to assist peace talks and help North meet its needs at start of two-day state visit to Pyongyang.

25 Jun 2019 - 1:31PM

Chinese leader tells Kim Jong-un he is ready to assist peace talks and help North meet its needs at start of two-day state visit to Pyongyang.

Chinese President Xi Jinping promises to play ‘positive’ role in helping North Korea denuclearise
China’s economic census uncovers more fake data as officials promise ‘zero tolerance’ to data manipulation

Local officials are under pressure to meet economic growth targets for personal promotion as well as the trade war with the United States.

20 Jun 2019 - 11:14PM

Local officials are under pressure to meet economic growth targets for personal promotion as well as the trade war with the United States.

China’s economic census uncovers more fake data as officials promise ‘zero tolerance’ to data manipulation
China’s robot makers are hooked on subsidies, highlighting another red line in US-China trade war

Mentions of ‘Made in China 2025’ may have disappeared, but Beijing and local governments continue to subsidise advanced industries, sparking US outrage.

20 Jun 2019 - 10:34AM

Mentions of ‘Made in China 2025’ may have disappeared, but Beijing and local governments continue to subsidise advanced industries, sparking US outrage.

China’s robot makers are hooked on subsidies, highlighting another red line in US-China trade war
Chinese President Xi Jinping to make first official trip to North Korea this week

Visit to take place on Thursday and Friday and follows repeated invitations from Pyongyang.

18 Jun 2019 - 12:02AM

Visit to take place on Thursday and Friday and follows repeated invitations from Pyongyang.

Chinese President Xi Jinping to make first official trip to North Korea this week
Trade war with US could spark global financial ‘chaos’, warns former China central bank governor

Former People’s Bank of China governor Zhou Xiaochuan warns that emerging markets reliant on exports may look to take advantage of openings in the markets.

14 Jun 2019 - 11:32PM

Former People’s Bank of China governor Zhou Xiaochuan warns that emerging markets reliant on exports may look to take advantage of openings in the markets.

Trade war with US could spark global financial ‘chaos’, warns former China central bank governor
Chinese Vice-Premier Liu He says ‘external pressure’ can actually help China’s economy

President Xi Jinping’s chief US trade war negotiator Liu He did not specifically reference the rising tensions with the United States during a surprise speech in Shanghai.

18 Jun 2019 - 3:56PM

President Xi Jinping’s chief US trade war negotiator Liu He did not specifically reference the rising tensions with the United States during a surprise speech in Shanghai.

Chinese Vice-Premier Liu He says ‘external pressure’ can actually help China’s economy
China’s fragmented health care system under increasing pressure as nation rapidly ages

Around 2,300 top tier public hospitals are at capacity, while 950,000 lower-tier hospitals, community health centres and clinics are struggling with low quality and low utilisation.

11 Jun 2019 - 9:27PM

Around 2,300 top tier public hospitals are at capacity, while 950,000 lower-tier hospitals, community health centres and clinics are struggling with low quality and low utilisation.

China’s fragmented health care system under increasing pressure as nation rapidly ages
China business outlook drops to lowest level on record amid US trade war, May’s Caixin PMI report shows

‘Subdued expectations’ among manufacturing and service-sector companies for the year ahead, according to latest Caixin Purchasing Managers’ Index.

5 Jun 2019 - 1:45PM

‘Subdued expectations’ among manufacturing and service-sector companies for the year ahead, according to latest Caixin Purchasing Managers’ Index.

China business outlook drops to lowest level on record amid US trade war, May’s Caixin PMI report shows
Vietnam biggest winner from first year of the US-China trade war as supply chains shift, report shows

Analysis by Japanese investment bank Nomura shows how exporters redirected goods to avoid paying duties imposed since July last year.

6 Jun 2019 - 4:24AM

Analysis by Japanese investment bank Nomura shows how exporters redirected goods to avoid paying duties imposed since July last year.

Vietnam biggest winner from first year of the US-China trade war as supply chains shift, report shows
China’s 8.34 million graduates fighting for fewer jobs as vacancies dwindle and gap years increase, survey shows

China’s economy is struggling to maintain stable growth in the midst of the trade war with the United States, with employment concerns increasing.

31 May 2019 - 10:05PM

China’s economy is struggling to maintain stable growth in the midst of the trade war with the United States, with employment concerns increasing.

China’s 8.34 million graduates fighting for fewer jobs as vacancies dwindle and gap years increase, survey shows