https://www.scmp.com/rss/522826/feed The latest news and top stories on the economist Dan Wang. Her background includes serving as Chief Economist at Hang Seng Bank China and Chief Analyst at the Economist Intelligence Unit. She holds a doctorate in economics and is known for her expertise in macroeconomics and econometrics. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Ji Siqi Ji Siqi More than a month after China’s central bank upgraded the digital yuan from a cash equivalent to “digital deposit money” – allowing it to accrue interest like a bank deposit – many residents and merchants in Beijing have yet to notice a major difference. While signs accepting digital yuan – also known as e-CNY – have long been commonplace in department stores and supermarkets, multiple sales staff said the dedicated point-of-sale machines had sat idle for months, if not years. At most wet... https://www.scmp.com/economy/china-economy/article/3343032/china-takes-gradual-approach-digital-yuan-upgrade-and-expansion?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3343032/china-takes-gradual-approach-digital-yuan-upgrade-and-expansion?utm_source=rss_feed Tue, 10 Feb 2026 07:29:06 +0000 Frank Tang Frank Tang US President Donald Trump’s administration needs to reverse the destructive policies undercutting America’s ability to compete with China in strategic hi-tech sectors or see Beijing race ahead, a leading member of the hardline US House Select Committee on China said on Wednesday. China’s commitment to the progress of tech innovation has caused unease in the United States, with Beijing’s continued investment in the industry standing in sharp contrast to the US government’s current shutdown and... https://www.scmp.com/news/us/diplomacy/article/3330828/trump-must-do-more-win-us-china-tech-race-says-us-house-select-committee-member?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3330828/trump-must-do-more-win-us-china-tech-race-says-us-house-select-committee-member?utm_source=rss_feed Wed, 29 Oct 2025 20:32:13 +0000 Ji Siqi,Mandy Zuo Ji Siqi,Mandy Zuo With trade tensions between China and the United States reignited less than two weeks before a major political gathering in Beijing, Chinese scholars said the flare-up could provide a common cause for the country to rally behind as policymakers take steps to protect technological development and national security. “Pressure, whether from internal or external sources, has the potential to foster unity,” said Yang Jianwen, a senior economic researcher at the Shanghai Academy of Social Sciences.... https://www.scmp.com/economy/china-economy/article/3328967/us-china-trade-war-hotspots-could-put-fire-beijings-belly-scholars?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3328967/us-china-trade-war-hotspots-could-put-fire-beijings-belly-scholars?utm_source=rss_feed Wed, 15 Oct 2025 03:00:19 +0000 Ji Siqi,Kandy Wong Ji Siqi,Kandy Wong Analysts said a mutual de-escalation is expected in the short term between the US and China, a development that would provide some relief for global markets after last week’s barrage of economic sanctions, export controls and vows of triple-digit tariffs threatened to send the world’s two largest economies into another devastating escalatory cycle. On Sunday, US President Donald Trump adopted a softer tone compared to previous comments on the tensions with Beijing, telling reporters, “I think... https://www.scmp.com/economy/global-economy/article/3328829/us-china-trade-flare-short-term-scare-both-sides-seek-ramp-analysts?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3328829/us-china-trade-flare-short-term-scare-both-sides-seek-ramp-analysts?utm_source=rss_feed Mon, 13 Oct 2025 15:00:08 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma Mainland Chinese shares hit the highest in a decade amid appealing valuations and meagre interest rates driving savers into the stock market. The Shanghai Composite Index has climbed 11 per cent this year and 36 per cent from a low in September. The gauge is on pace for four straight monthly gains for the first time since the end of 2021, even with a slight retreat on Tuesday. Traditionally cautious Chinese savers have turned to stocks after the interest rate on one-year bank deposits fell below... https://www.scmp.com/plus/article/3322350/china-stocks-reach-10-year-high-savers-seek-escape-low-rates?utm_source=rss_feed https://www.scmp.com/plus/article/3322350/china-stocks-reach-10-year-high-savers-seek-escape-low-rates?utm_source=rss_feed Tue, 19 Aug 2025 09:03:33 +0000 Ji Siqi,Kandy Wong Ji Siqi,Kandy Wong Trade relations between China and the United States remain mired in uncertainty after two days of tense negotiations in Sweden earlier this week. But Beijing may actually have emerged in a stronger position as Washington continues to raise tariffs on other global economies, analysts said. A third round of US-China trade talks in Stockholm ended on Tuesday with China announcing that both sides had agreed to extend their “tariff truce” by another 90 days, while the US side insisted the deal was... https://www.scmp.com/economy/china-economy/article/3320157/us-china-trade-talks-why-beijing-unexpectedly-emerged-stronger-position?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3320157/us-china-trade-talks-why-beijing-unexpectedly-emerged-stronger-position?utm_source=rss_feed Wed, 30 Jul 2025 14:00:10 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma China’s economy only cooled slightly in the second quarter, helped by government stimulus measures and a truce in US President Donald Trump’s trade war. Growth ebbed to 5.2 per cent from 5.4 per cent in the first three months of the year, the National Bureau of Statistics said on Tuesday. The second-quarter number was in line with expectations, based on economists polled by Chinese financial data provider Wind. First-half growth came in at 5.3 per cent amid May stimulus measures, a 90-day pause... https://www.scmp.com/plus/article/3318269/chinas-economic-crunch-may-just-be-delayed?utm_source=rss_feed https://www.scmp.com/plus/article/3318269/chinas-economic-crunch-may-just-be-delayed?utm_source=rss_feed Tue, 15 Jul 2025 09:00:08 +0000 Ji Siqi,Alice Li Ji Siqi,Alice Li This is the second story in a three-part series exploring the domestic economic challenges China faces as it navigates an unprecedented trade war with the United States. In this piece, we examine the no-holds-barred battles within the country’s emerging industries that have sent prices off a cliff and prompted official comment. Overnight, it seemed China’s power bank industry had run out of juice. It started with a series of high-profile incidents this year, where certain versions of the... https://www.scmp.com/economy/china-economy/article/3317596/can-chinas-fastest-growing-firms-save-themselves-themselves?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3317596/can-chinas-fastest-growing-firms-save-themselves-themselves?utm_source=rss_feed Wed, 09 Jul 2025 22:00:07 +0000