Sylvia Ma

Sylvia Ma

Shanghai
@Im_SylviaMa
Reporter, Political Economy
Sylvia Ma covers China's economy from Shanghai, having joined the Post as a graduate trainee in Hong Kong in 2023. She holds a master’s degree in journalism from the University of Hong Kong and a bachelor’s degree in English from Fudan University.
Sylvia Ma covers China's economy from Shanghai, having joined the Post as a graduate trainee in Hong Kong in 2023. She holds a master’s degree in journalism from the University of Hong Kong and a bachelor’s degree in English from Fudan University.
Areas of Expertise:
China macroeconomy and finance
Languages Spoken:
English, Mandarin

China cuts US Treasury holdings to 18-year low amid global sell-off

Persistent concerns over sustainability of Washington’s finances see overall foreign holdings shrink for second consecutive month.

The deployment of self-driving vehicles, now past the pilot stage, has improved safety, efficiency and operating costs, mine manager says.

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Elon Musk says Tesla’s new Cybercab motor has no rare earths, but analysts saw the move as only a slight step towards reducing industry reliance – or China’s leverage.

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Sungrow and Sieyuan shares fell sharply after Washington’s order, but analysts say markets may be overlooking enforcement hurdles and strong global demand.

Issuance of yuan-denominated debt surges, including in dim sum bond market, but sustained global use of yuan seen requiring broader access and stronger finance links.

Beijing frames the measures as a ‘restrained’ response to the US’ recent sanctions and robot import ban, but warns of potential further actions.

Politburo’s pledge to stabilise growth and boost capital markets helps drive rally, reinforced by days of relatively strong reference rates by the central bank.

The high-level decision-making body also set October for the fifth Central Committee plenum, which will set the stage for next year’s party congress.

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Related Topics
Banking & financeBricsChina energy securityUS-China relationsElectric & new energy vehiclesUS-China trade warYuanChina manufacturingChina economyChina consumption