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Frank Chen

Frank Chen

Shanghai
Senior Reporter, Political Economy
A graduate from the Hong Kong Polytechnic University, Frank was previously with Asia Financial, Asia Times and Hong Kong Economic Journal.

Other priorities set out at meeting include strengthening supply chains, more fiscal backing for tech-focused start-ups, and more aid to businesses facing difficulties.

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Institutions are being warned as bearish investor sentiment, and an expectation of lower interest rates, continue to make the bond market a sought-after haven.

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China’s shipyards are set to be the main beneficiaries of a wave of new orders as their South Korean competitors adopt a more “cautious” approach, according to ING.

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Hu Deping, son of a late former liberal leader, calls for rethink inspired by Nobel Prize-winning research and better protection for private enterprises.

Growth took pole position at the central economic work conference, with fiscal deficit increases and more spending pledged to keep demand high.

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At this ‘critical stage of transformation’, with outsized challenges mounting, adherence and commitment to policy choices is said to be as important as ever.

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‘New thinking’ for Chinese policy as domestically made products – from all firms – get 20 per cent price advantage in government procurement.

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It’s been a tumultuous two months since Beijing fired off a salvo to shore up China’s economy, and divergent perceptions show not everyone is on the same page.

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Officials hope to eventually source hi-tech plane components domestically to drive industrial self-sufficiency, but for now overseas producers are essential.

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