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Ding Shuang

(丁爽)

Ding Shuang
丁爽
The latest news and top stories on Ding Shuang. He is an economist with over two decades of experience in both public and private sectors. Currently Chief Economist for Greater China and North Asia at Standard Chartered, he previously held senior roles at Citigroup, the International Monetary Fund and the People’s Bank of China. His work involves macroeconomic research, providing insights on China’s economic policies including property and consumption.
Kevin Warsh was confirmed as the next chairman of the US Federal Reserve earlier this month. Photo: Reuters
Yuan

As the world retreats from US Treasuries, will the sell-off deepen?

China is one of several nations trimming their exposure to US debt, as inflation drives Treasury yields to levels not seen since 2007.

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US-China relations

China urged to forge ‘spear’ for cognitive warfare amid great power rivalry

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China GDP

China beats expectations with 5% growth in first GDP release since Iran war

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China GDP

Despite Iran war, China set for ‘solid’ first-quarter GDP growth: analysts

Flexible growth target means little likelihood of imminent stimulus, but focus will switch to impact of disruptions in second quarter.

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A woman selects fruit at a supermarket in Shanghai on Friday. Photo: EPA
Yuan

Conflict catalyst: China’s yuan settlements hit record amid Middle East tensions

Single-day transactions via China’s Cross-border Interbank Payment System surge past 1 trillion yuan as Beijing’s moves to expand the yuan-payment network show signs of paying off.

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Banking & finance

As France pulls gold from the US, how can China become the next global gold hub?

Federal Reserve is no longer seen as a ‘safe’ place for nations to store gold as Trump’s unpredictability spooks the world’s central banks.

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Yuan

China’s yuan may be going global faster than Western data suggests, analysts say

Many yuan transactions are now routed through China’s own global payment system, which often does not show up in traditional data sets, analysts say.

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The Chinese yuan may be used more widely in cross-border payments than conventional data suggests, analysts say. Photo: AFP
China exports

What does Iran war mean for China’s export machine?

Crisis sparks debate: will it cripple global demand or show that China’s supply-side resilience, proven during pandemic, remains in place?

Two Sessions 2026

How China is using its economic clout to give the US dollar a run for its money

Beijing is using economic clout to reshape its global financial influence – a strategy analysts say could play out over decades.

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Hong Kong budget 2026-27

Hong Kong budget 2026-27: should the coming blueprint boost yuan’s global push?

Experts say Hong Kong has ‘distinct advantages’ that can support the country’s financial development amid geopolitical uncertainties.

Given mainland China’s current capital controls, the internationalisation of the yuan has largely proceeded through offshore markets. Photo: Reuters
Bonds

China’s currency push gains ground as Russia nears issuance of yuan bond

Foreign governments have raised a record 13 billion yuan (US$1.8 billion) via yuan bonds this year, Bloomberg-compiled data shows.

A photo taken on November 10, 2025, shows a view of the Kremlin in Moscow. Photo: Xinhua
Yuan

As China holds the line in ‘trade war 2.0’, its yuan follows suit

With minimal depreciation and more frequent use overseas, the yuan has shown greater resilience in this round of the US trade conflict.

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Yuan

New phrase, new phase? China adjusts language on yuan internationalisation

Beijing now states plainly that it aims to ‘promote the internationalisation of the yuan’ amid growing doubts over the US dollar.

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China GDP

Overseas banks raise China GDP forecasts, say Beijing ‘on track’ for 2025 target

Leading banks raise estimates after third-quarter data beats expectations, but some analysts caution more policy support needed.

People hang out at The Bund as the financial district of Pudong is seen in the background in Shanghai on January 16. Photo: Reuters
Banking & finance

As China keeps cutting US Treasury holdings, where are its investments going?

With China’s holdings at their lowest since 2009, analysts said the country’s central bank could be turning to European assets and gold.

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As investor worries mount over the long-term stability of the US dollar, China’s holdings of Treasuries and other assets backed by the currency have been on a steady decline. Photo: AFP
Banking & finance

After Fed cut, moderate easing expected by China’s central bank, supporting yuan

PBOC sets yuan’s midpoint rate at 7.1085 after first US interest rate cut since December.

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China technology

China’s biotech industry is gaining on the US. Can tariffs hold them back?

Pharmaceutical firms in China have grown fast, but geopolitics and a long head start could keep US-based leaders at industry apex - for now.

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Yuan

China’s big yuan devaluation sent shock waves 10 years ago – what has changed?

Lessons from the past, and an eye on the yuan’s globalisation, have helped shape a decade-long shift towards mostly market-based pricing for China’s currency.

In 2015, China shocked global markets with its largest one-day cut to the yuan’s reference rate, sending the currency tumbling nearly 2 per cent, relative to the US dollar. Photo: Xinhua
China birth rate

Why China’s baby subsidies may help poorer regions – and how they stack up in Asia

But the universal cash transfers could have a bigger impact on consumption levels than the number of births, some analysts say.

China's population

If preschool is free, will more have a baby? China to waive final-year tuition

State Council says that depending on an area’s fiscal strength, Beijing will fund at least half and up to 80 per cent of the total cost.

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China consumption

China’s economists weigh pros and cons of consumption benchmarks

With internal demand becoming even more important to China's long-term planning, scholars have suggested making consumption a headline figure.

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Domestic consumption has taken on new importance for China’s economy as the international trade landscape grows murky. Photo: Xinhua
China GDP

As China’s economy beats expectations, why workers continue to carry the burden

GDP growth is on pace to meet leadership’s goal for China, but a stubborn property slump, trade complications and deflationary pressure persist.

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Illustration: Lau Ka-kuen
Urban planning

China’s dated urban-development model must change, Beijing says at rare meeting

Amid property and urbanisation woes, China needs to ‘proactively adapt to changing circumstances’ and transform its approach to city planning, leadership says at Central Urban Work Conference.

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US-China trade war

‘Historic opportunity’: why China is betting on a poor province in trade war

A few years ago, it beat extreme poverty – now, it’s a frontline province in Beijing’s economic shift.

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Illustration: Brian Wang
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