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Frank Chen

Frank Chen

Shanghai
Senior Reporter, Political Economy
A graduate from the Hong Kong Polytechnic University, Frank was previously with Asia Financial, Asia Times and Hong Kong Economic Journal.
A graduate from the Hong Kong Polytechnic University, Frank was previously with Asia Financial, Asia Times and Hong Kong Economic Journal.
Areas of Expertise:
Chinese politics and economy, Hong Kong politics
Languages Spoken:
Cantonese, English, Mandarin

China’s consumer spending push faces major challenge – debt-averse households

Beijing has renewed its focus on boosting domestic demand in recent months, but households are cutting debt at fastest pace in years.

The Chinese leader says emerging technologies bring huge opportunities, while warning officials against blind investment.

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Beijing’s policies seen putting income growth above GDP, with investments in social welfare, future tech and advanced manufacturing to spur internal demand.

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Economic powerhouse has sights set on AI, advanced manufacturing and global financial services, reflecting a national 5-year plan’s first explicit financial-centre directive.

The state-owned Comac has received more funding from its stakeholders, a timely infusion as the company attempts to clear a backlog of C919 orders.

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A state-owned giant is expected to unveil a space tourism package this week, with suborbital trips priced lower than US rivals SpaceX and Blue Origin.

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State-owned planemaker deploys teams to CFM – a joint venture between GE and Safran that makes the C919’s Leap-1C engine – as suppliers race to meet demand.

About half of the world’s under-construction nuclear power plants are in China as the country races to boost electricity supply and meet emissions reduction pledges.

Related Topics
World Economic Forum (WEF) in DavosChina-Japan relationsBanking & financeChina consumptionUS-China trade warChina technologyShenzhenChina GDPChina manufacturingChina jobs