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.
Driven by stimulus, an economic rebound in the last quarter helped China hit its GDP target, and signs point to a similar goal in 2025 despite challenges.
Parent company of Calvin Klein and Tommy Hilfiger; chemical-compound exporters; and US chip companies are on radar of China’s commerce authorities and subject to possible retaliation.
Before US President Joe Biden’s attack on China’s growth prospects, Justin Lin Yifu said it was on track to becoming the world’s largest economy despite challenges, as ‘soldiers are met with generals, water with earth’.
Mainland’s property market is improving, PBOC governor Pan Gongsheng says, reiterating importance of special-purpose bonds for buying idle land and unsold homes.
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.