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

Chinese power stocks slump after US grid ban: is the sell-off warranted?

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

Advertisement

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.

videocam

Analysts say removing some expenses for foreign borrowers will help funnel more yuan overseas and create a large offshore liquidity pool of China’s currency.

President Xi Jinping has offered to play a ‘constructive role’ in reaching a solution, saying it would be in both sides’ long-term interests.

videocam
Related Topics
US-China trade warYuanChina manufacturingChina economyUS-China relationsChina consumptionChinaBanking & financeChina’s anti-sanctions lawChina jobs