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Orange Wang



Articles by Orange Wang

China’s Omicron threat ‘under control’, no lockdown planned for Beijing Winter Olympics, organisers say

6 days ago

[unable to retrieve full-text content]China has no intention of locking down its capital or changing its coronavirus containment rules for the upcoming Beijing Winter Olympics, despite growing concern about local transmission of the Omicron variant, the organising committee said on Tuesday, though it is closely monitoring new virus clusters.Beijing’s current Covid-19 strategy, including the “closed-loop” system that physically separates participants from the local population, was working well, said Huang Chun, from the Beijing…

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Coronavirus: as Omicron spreads, Chinese cities boost efforts to prevent Lunar New Year travel

7 days ago

[unable to retrieve full-text content]More Chinese regions are discouraging travel during the Lunar New Year holiday for a second year in a row, with one city of nine million people offering cash handouts to people who stay put as the first Omicron cases are detected in the world’s second largest economy.Hefei, the capital of central Anhui province, is handing out a coupon worth 1,000 yuan (US$157) to migrant workers who choose to stay in the city between January 26 and February 9, according to a notice from the municipal…

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Shenzhen’s record power use in 2021 hints at healthy economic growth, despite US-China tech war

10 days ago

[unable to retrieve full-text content]Power consumption in China’s tech hub Shenzhen hit a record high last year, pointing to healthy economic growth despite sanctions from Washington on several of its biggest companies and disruptions to global supply chains caused by the pandemic.Electricity consumption in the southern city rose by 12.2 per cent from a year earlier to 110.34 billion kilowatt-hours (KWH) in 2021, breaking the 100 billion KWH threshold for the first time, according to the data from China Southern Power Grid…

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US-China Fast Track Channel makes it easier for businesspeople and their families to enter China, with caveats

11 days ago

[unable to retrieve full-text content]An arrangement to reduce the waiting times for American businesspeople and their families to travel to China has come into effect, according to a major US business group in the country, materialising one of the goals set by the top leaders in November amid geopolitical tensions and Beijing’s zero-Covid strategy.The US-China Fast Track Travel Channel Program was launched with immediate effect on Wednesday, according to a statement by the American Chamber of Commerce in China (AmCham China).The…

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China population: forget two or three kids, getting couples to have the first one is most pressing problem, advisers say

12 days ago

[unable to retrieve full-text content]With one of China’s most populous provinces saying its birth rate has plunged to a more than four-decade low, Beijing’s policy advisers are warning against the potential pitfalls of not doing enough to encourage couples to have a first child.Henan province, the country’s third-most-populous administrative region, with 99.36 million people, has reported that its number of newborns fell to 920,000 last year – a 23.3 per cent decline from 2019 – as the birth rate dropped to 9.24 births per 1,000…

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US-China reach trade talk ‘stalemate’ despite expiry of phase-one deal as Beijing, Washington remain silent

13 days ago

[unable to retrieve full-text content]China and the United States have reached a “stalemate” in the process to resume trade talks despite the expiry of their phase-one trade deal last week, with no clear indication from either Beijing or Washington of when the silence will be broken.A long-awaited new round of talks between China’s chief trade negotiator, Vice-Premier Liu He, and US Trade Representative Katherine Tai and US Treasury Secretary Janet Yellen has yet to happen.Liu last met Tai and Yellen via separate video calls in…

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China food security: top soybean region Heilongjiang unveils plan to ramp up annual harvest

14 days ago

[unable to retrieve full-text content]China’s largest soybean producing province has taken its first step to boost production in 2022, following Beijing’s recent warning about dependence on imports for a commodity regarded as essential to national food security.The northeastern province of Heilongjiang, which produces about 40 per cent of China’s total soybean output and accounts for a similar level of acreage, has set a target of planting more than 666,667 hectares (1.6 million acres) of soybeans this year, according to provincial…

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This impoverished Chinese city bet its fortunes on the 2022 Winter Olympics. Then the Covid-19 pandemic happened

14 days ago

[unable to retrieve full-text content]In 2015, hours before members of the International Olympic Committee were set to cast their votes on the host country of the 2022 Winter Olympics, Chinese President Xi Jinping made a televised appearance.If the Games were held in China, he promised to personally guarantee that they would be “fantastic, extraordinary and excellent”.Beijing Olympic athletes risk expulsion for breaking Covid-19 rulesBut over the past couple of years, the Covid-19 pandemic has thrown a spanner in the works for…

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China’s tax evaders to be ‘severely punished’ as Beijing pushes for ‘common prosperity’

17 days ago

[unable to retrieve full-text content]China has vowed to pull no punches when it comes to cracking down on tax evasion in 2022, as Beijing pushes for more equal distribution of wealth under its “common prosperity” policy, while pledging more tax cuts to stabilise economic growth.Authorities will carry out more spot inspections and give greater exposure to tax crimes to enhance compliance, the State Taxation Administration said at its annual conference.“We will severely punish all kinds of tax evasion and show no forgiveness,” said…

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RCEP: China says world’s largest trade pact gives it ‘powerful leverage’ to cope with 2022 challenges

17 days ago

[unable to retrieve full-text content]China is doubling down on the critical role that the world’s largest trade pact will play in helping it buffer the impact of the coronavirus while promoting growth in the face of “unprecedented” trade challenges during the coming year.The Regional Comprehensive Economic Partnership (RCEP), comprising 15 member countries – including China and covering approximately 30 per cent of the world’s population and global gross domestic product – will take effect for most members on Saturday.Tariffs on…

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China sets out policies to stem fast yuan appreciation to support exporters amid economic headwinds

25 days ago

[unable to retrieve full-text content]China has pledged to keep the yuan exchange rate “basically stable” amid a recent appreciation, as it assembles a set of policies to counter the risks of slowing exports and rising economic headwinds next year.Beijing also called on banks to sign more long-term foreign exchange settlement agreements with trade firms in a targeted manner, to empower the latter in offsetting exchange rate risks, according to the notes from a Thursday meeting of the State Council, the country’s cabinet, chaired by…

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China’s zero-Covid strategy risks isolating it from trade partners as US tensions rise, expert says

December 17, 2021

[unable to retrieve full-text content]China risks losing an opportunity to leverage its trade clout and offset United States containment efforts if it continues with its harsh border restrictions in 2022, a prominent Chinese academic has warned, as calls mount for Beijing to strike a balance between economic growth and Covid-19 prevention.China’s restrictions on international travel could compromise efforts to foster closer diplomatic ties with major trading partners next year, said Zhao Kejin, an expert on China’s foreign policy…

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Xi Jinping says China must be ‘self-sufficient’ in energy, food and minerals amid global challenges

December 13, 2021

[unable to retrieve full-text content]President Xi Jinping has said China must establish a “strategic baseline” to ensure self-sufficiency in key commodities, from energy to soybeans, as secure supply of primary products moves up the country’s long-term agenda.At the central economic work conference last week, Beijing identified secure supply of primary goods such as agricultural products, minerals and energy as one of five “significant theoretical and practical issues” to prepare for amid the Covid-19 pandemic and changing…

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China plays down Lithuania rift as Belt and Road Initiative investments rise in Central, Eastern Europe

December 13, 2021

[unable to retrieve full-text content]China has shrugged off the trade implications of souring diplomatic ties with Lithuania and pressure from the United States, as a senior economic official pointed to strong engagement with Central and Eastern Europe.“Although Lithuania has jumped out and sent a token of loyalty to the US, countries such as Croatia, Serbia and Hungary … they continue to proactively get closer with us without caring about [pressure from] the US,” said Ning Jizhe, deputy head of China’s National Development and…

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Show us the numbers on China’s economic risks, former finance minister says

December 12, 2021

[unable to retrieve full-text content]China’s economic data should reflect more of the country’s major problems rather than just presenting a rosy picture, according to outspoken former finance minister Lou Jiwei.At a forum held by the China Centre for International Economic Exchanges in Beijing on Saturday, Lou said China’s main indicators failed to fully show the economic problems the country was facing, including the challenges and risks raised by the leadership in an annual tone-setting meeting last week.“There is not enough…

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China must beware ‘grey rhino’ of primary commodities shortage, top policymaker warns

December 11, 2021

[unable to retrieve full-text content]China should be on guard about a “grey rhino” crisis caused by shortages of primary commodities such as agricultural products, minerals and fuel, the country’s senior economic policymaker has warned.Han Wenxiu, a deputy director of the Communist Party’s Central Committee for Financial and Economic Affairs, made the warning as he elaborated on decisions made in the three-day central economic work conference, which ended on Friday.He said the shortages of these commodities faced by some countries…

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UK, China agree to resume annual economic dialogue in same week London confirms Winter Olympic boycott

December 10, 2021

[unable to retrieve full-text content]China and Britain have agreed to resume an annual bilateral economic engagement mechanism that has been suspended for two years despite ongoing political tensions.Beijing and London agreed to hold the 11th China-UK Economic and Financial Dialogue next year during a call between Chinese Vice-Premier Hu Chunhua and British Chancellor of the Exchequer Rishi Sunak on Tuesday, according to the official Xinhua News Agency.Details of the call were recirculated by China’s Ministry of Finance on Friday…

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China food security: GM soybean, corn commercial planting a step closer after ‘rapid introduction’ of draft

December 8, 2021

[unable to retrieve full-text content]Commercial planting of genetically modified (GM) soybeans and corn in China moved a step closer this week following the “rapid introduction” of draft criteria amid Beijing’s increasing concerns over grain security and self-sufficiency.The proposed regulations define the thresholds of “authenticity” and “effectiveness” that the GM varieties should meet when applying for examination and approval, as well as the technical standards for breeds that are further modified from already approved GM…

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China trade: surging coal, energy purchases fuelled import boom as export growth slowed

December 7, 2021

[unable to retrieve full-text content]China’s export growth slowed but remained robust in November, while surging coal and energy purchases fuelled surprisingly stronger imports amid a tight domestic power system and the expiring interim trade deal with the United States.Exports grew by 22 per cent in November from a year earlier, down from the 27.1 per cent growth seen in October, beating expectations.November’s exports grew by 8.4 per cent from the previous month, reversing a 1.8 per cent decline in October.Imports, meanwhile,…

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China urged to strengthen ‘all possible’ global trade bonds to counter US pressure

December 2, 2021

[unable to retrieve full-text content]China should chase “all possible cooperation” with its Asia-Pacific and European trading partners to counter pressure from the United States, which has recently doubled down on building a Western front against Beijing, said a Chinese think tank.The country should strengthen its global trade and investment landscape on all fronts to reduce dependence on the US, according to a report issued on Wednesday by the Beijing-based Chongyang Institution for Financial Studies at Renmin University of China…

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China’s ‘state-centric approach’ to technical standards-setting worries EU firms

December 2, 2021

[unable to retrieve full-text content]Technical-standards setting has arisen as the new battleground in superpower rivalry, with challenges posed by China’s rise also a “wake-up call” for Europe, an EU business group has warned.In contrast with the free-market driven practices in the West, China’s “state-centric approach” to standards will likely add to the risks of increased politicisation and a decoupling from international technical measures, the European Union Chamber of Commerce in China said in a report released on Thursday…

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US-EU press on with plan to tackle ‘dirty’ Chinese steel flooding markets

November 29, 2021

[unable to retrieve full-text content]China’s “unfair trade practices” are once again in US crosshairs, with Washington indicating it will use a new metals alliance with the European Union (EU) to prevent Chinese dumping amid uncertainty over the next phase of bilateral trade talks.In an op-ed published on Sunday in the Pittsburgh Post-Gazette, US Trade Representative Katherine Tai and Secretary of Commerce Gina Raimondo took aim at cheap Chinese metals flooding global markets, lowering prices for American manufacturers and leading…

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China to roll out trade support amid ‘increasing pressure’ behind the scenes

November 25, 2021

[unable to retrieve full-text content]China has no reason to be “blindly optimistic” about trade amid increasing headwinds, the country’s vice commerce minister has said, in the latest warning from Beijing about challenges facing the world’s No 2 economy.“Behind the scenes of China’s rapid growth in trade, we must be clear that many trade companies, especially small firms, are facing increasing pressure and difficulties,” Ren Hongbin told a press conference on Wednesday.“It is common for them not to take orders and they are seeing…

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China’s top trade negotiator Liu He meets foreign business dignitary in Beijing for first time in two years

November 19, 2021

[unable to retrieve full-text content]China’s top trade negotiator has publicly hosted a visiting foreign business guest in Beijing for the first time since the pandemic began, amid growing debate over the country’s zero-Covid approach and when the world’s second-largest economy will reopen its borders.Chinese vice-premier Liu He, the economic right-hand man of Chinese President Xi Jinping, on Thursday met with Ben Keswick, executive chairman of Jardine Matheson in Beijing, according to the state-run Xinhua News Agency.The visit…

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Chinese experts say new US trade alliances to contain China could backfire and Beijing should push ahead with reforms

November 18, 2021

[unable to retrieve full-text content]A push by the US to encircle China economically will likely “collapse in on itself” or ultimately backfire, Chinese experts say, as Washington steps up efforts to build a trade “coalition of democracies” with Europe and Japan to put Beijing under more pressure.Although the US diplomatic offensive should be viewed seriously, experts say Beijing should accelerate domestic reforms, continue its push to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and…

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China steps up opening up, supply chain security charm offensive in wake of Biden-Xi summit

November 17, 2021

[unable to retrieve full-text content]China’s leadership has ramped up its charm offensive with pledges for further opening up to foreign investment and more engagement in stabilising global supply chains following the meeting between President Xi Jinping and his US counterpart Joe Biden amid ongoing worries over the slowdown in the domestic economy.Some 24 hours after Xi and Biden met for the first time via video on Tuesday, Chinese Vice-President Wang Qishan stressed that Beijing and Washington should keep their focus on…

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China food security: Beijing signals overhaul of GM crop rules in push for seed industry breakthrough

November 15, 2021

[unable to retrieve full-text content]China has proposed an overhaul of regulations governing genetically modified (GM) crops, in a move that is likely to strengthen the nation’s seed industry amid heightened food security concerns.Beijing last year called for a breakthrough in biotechnology and seed production amid disruptions to food supply caused by the coronavirus pandemic, as well as anxiety over reliance on imported soybeans, including from geopolitical rival the United States.Ahead of the central economic work conference and…

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China accuses digital economy promoter of crypto-linked corruption

November 13, 2021

[unable to retrieve full-text content]China’s top anti-graft watchdog has for the first time expelled an official from the Communist Party over alleged corruption linked to cryptocurrency mining.The Central Commission for Discipline Inspection (CCDI) said on Saturday that Xiao Yi, a former vice-chairman of the Jiangxi people’s political consultative conference, had been stripped of his public office and would probably face a criminal trial.“Investigations revealed that Xiao Yi … abused his power to introduce and support companies…

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Dalian suspends cold-chain food operations amid Covid-19 cases, threatening seafood exports to US, Europe

November 11, 2021

[unable to retrieve full-text content]Municipal authorities in the port city of Dalian, in northern Liaoning province, have suspended all cold chain food trading as local outbreaks of coronavirus threaten to halt exports of frozen food to the US and Europe ahead of the Christmas holiday.

Local authorities issued a notice on Monday asking all cold chain food companies, including government-approved, third-party, bonded and individual cold storage food producers and sales firms, to halt operations immediately.

The notice stated…

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China’s power crisis ‘man-made’, and miscalculations by Beijing serve as ‘a very painful lesson’, coal insiders say

November 10, 2021

[unable to retrieve full-text content]China does not have a shortage of coal, and the nationwide power cuts were a “man-made crisis” and “a big mistake”, according to domestic coal industry insiders who blame Beijing for its miscalculations in coal-production planning and its antiquated national power pricing system.Chen Weidong, the former chief energy researcher with the China Institute of Energy Economics at state-owned energy giant China National Offshore Oil Corporation, said at a virtual energy forum in Beijing that there was…

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