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Sylvia Ma
Reporter, Political Economy
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.
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.
The call comes amid a Chinese government drive to revitalise the economy by cultivating “new quality productive forces”.
Tax revenue climbs by 5.3 per cent, while non-tax revenue surges by 40.4 per cent.
Retail sales grew by just 3.0 per cent last month, while property investment also continued to drag, falling by 10.4 per cent in first 11 months.
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Even as the risk of another trade war looms as Donald Trump prepares for his second term, China stresses ‘dialogue and coordination’ with US.
China Finance 40 Forum think tank suggests temporarily anchoring the yuan to a basket of currencies, particularly the euro.
After Monday’s Politburo meeting, analysts predicted China will raise fiscal spending and cut rates to keep up activity through next year.
With construction seen as vital to stabilising the national economy, authorities emphasise that there is still a lot of room to increase fiscal spending.
China’s annual tone-setting central economic work conference is expected to convene this week at a key time for the world’s second-largest economy.
Call from Chen Wenqing comes as China doubles down on social stability and judicial fairness after string of public attacks.
6,000 multi-material armour scales represent a first for Han dynasty discoveries and are also ‘the smallest ever unearthed’ from the era.
Ningbo in China’s Zhejiang province played host to more than 200 supplier representatives for the United Nations International Procurement Seminar.
China’s currency is losing pace against the US dollar thanks to a wave of uncertainty following Donald Trump’s re-election.
Corruption and a slow adoption of the e-CNY risk undermining the groundbreaking progress that China’s digital currency has made over the past decade.
Efficiency is key as logistical revamp seeks to shore up manufacturing industries, including a digital transformation and new economic hubs.
Signs may be pointing to ‘a much more combative dynamic in US-China tensions moving forward’ – one in which a trade or tariff war hurts both sides.
Though Donald Trump has not yet taken office, his expected tariff increases have led S&P Global Ratings to cut growth projections for China.
Outspoken former Chongqing mayor Huang Qifan says Hong Kong can play a key role in the internationalisation of the yuan.
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.
The country has moved on from a construction and property-driven model, according to Zhang Yansheng.
China’s high-end consumers have had a tighter grip on their wallets this year, with study from Bain & Company showing less luxury spending.
Deregulation and ‘people-centred urbanisation’ that fills public service gaps can spur consumption, Hong Kong forum told.
Positive spin by party mouthpiece, while shying away from ‘chasing rapid growth’, comes as questions linger over China’s stimulus measures.
Risk of financial sanctions prompts Beijing to rethink where it parks its massive foreign exchange reserves.
Rising sales in big cities seen as a positive sign, but falling prices remain a concern.
Government researchers have recommended several steps China should take to prepare for potential sanctions, using Russia as case study.
As China’s stimulus begins to show a stabilising effect, academics say structural changes needed to buoy demand and counter Trump policies.
China’s top legislative body is meeting this week in Beijing, at the same time as Tuesday’s US presidential election.
Focus of meeting expected to be on risk prevention and economic stabilisation rather than directly boosting demand.
