Sylvia Ma joined the Post in 2023 and covers China economy. She holds a master’s degree in journalism from the University of Hong Kong and a bachelor’s degree in English from Fudan University.
After a revamp of the youth-unemployment rate sparked concerns over data transparency, calls have come for comprehensive metrics to convey economic reality.
An exchange rate of 7.6 to the US dollar by the end of 2025 could be on the cards, analysts say, as Donald Trump’s impending policies may further weaken the battered yuan.
China’s currency, hammered since Trump’s re-election, has depreciated further against the US dollar, despite the yuan’s share among global payments rising.
With construction seen as vital to stabilising the national economy, authorities emphasise that there is still a lot of room to increase fiscal spending.
Deputy commerce minister also warns of tariffs’ adverse effects on the country imposing them, while pointing to China’s economic ‘resilience’ in face of external shocks.
Han Wenxiu also stressed the need for breaking down market access barriers and the development of the private sector to advance Chinese-style modernisation.