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Frank Tang

Frank Tang

Beijing
News Editor, Political Economy 
Frank Tang joined the Post in 2016 after a decade of China economy coverage and government policy analysis.
Frank Tang joined the Post in 2016 after a decade of China economy coverage and government policy analysis.
Areas of Expertise:
Chinese economy and finance
Languages Spoken:
English, Mandarin

Matching blows with Washington, Beijing’s tariff hike brings the accumulative tariff total to 84% on goods from US, as trade war rapidly intensifies.

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The world’s second-largest economy is looking to balance the scales of international financial governance under a system dominated by the World Bank and IMF.

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Some prominent economists have called for China to roll out a stimulus plan worth 10 trillion yuan, but the real number is anyone’s guess as prudence is at play.

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Earlier than expected launch of China’s Securities, Funds and Insurance companies Swap Facility triggers market enthusiasm, speculation of more supportive policies.

Marc Uzan, who has campaigned for changes to the global financial system for 30 years, says he remains optimistic about international cooperation despite the rise of unilateralism.

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A self-described “believer”, the financial systems reformer calls for institutions to move past confrontation and polarisation and to focus on identifying the global growth drivers of the future that are green, sustainable and inclusive.

China's central bank, concerned about a decline in long-term bond yields, will borrow treasury bonds from primary market traders to maintain liquidity in the market.

A fiscal gulf exists between China’s central and local governments, and it is seen as a hurdle to healthy and sustainable development ahead of the third plenum.

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A Chinese scholar has called for a renewed commitment to pro-market reforms to generate sustainable growth and solve several persistent issues that have vexed economic policymakers.

Bilateral trade, an important lifeline to Russia since it invaded Ukraine, is already at a record US$240 billion, with China its largest customer for crude oil.

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President Xi has told financial cadres that their monetary policy toolkit must include a controversial means of injecting liquidity into China’s economy – one that has not been used in two decades.

After changes to its leadership and structure, and with draft laws altering its scope, China’s central bank looks to be taking on a different role from years past – one which seems notably distinct from Western norms.

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As China makes strides to invigorate economic growth, its aggregate financing reached 6.5 trillion yuan in January – a year-on-year increase of more than half a trillion.