13 November 2019

Zhang Xinmo

The writer is an economic commentator. He writes mostly on business issues in Greater China.
  • The central bank last week cut the benchmark lending rate by 40 basis points, a departure from the practice of slashing rates in 25 basis-point increments. Photo: Reuters

    Things to watch after China rate cut

    - Nov 25, 2014 10:05am
    China’s Nov. 21 decision to cut interest rates was not a surprise, if economic indicators are considered. Going into the fourth quarter, the Chinese economy was showing further signs of slackening. Among the economic indicators, three...
  • Chinese President Xi Jinping and Australian Prime Minister Tony Abbott speak to reporters in Canberra on Nov. 17 after reaching a landmark free-trade deal. Photo: Bloomberg

    Australia trade pact reflects changing China mindset

    - Nov 19, 2014 11:11am
    China and Australia announced on Monday that they have formally completed their negotiations on a free-trade agreement (FTA). This means the two countries will soon sign a pact and implement it, probably within this year. The...
  • Chinese stock investors' risk awareness is painfully low but they can learn a great deal when they start investing in Hong Kong's stock market. Photo: Internet

    How mainland investors can learn from stock link

    - Nov 13, 2014 5:06pm
    On Nov. 17, Hong Kong and Shanghai will celebrate a milestone. Thanks to a landmark program called Shanghai-Hong Kong Stock Connect, retail investors in the mainland and Hong Kong, for the first time, can directly invest...
  • The yuan's value is likely to remain stable next year as pressures for it to appreciate offset pressures for it to depreciate. Photo: Bloomberg

    Yuan upside limited, but volatility may pick up

    - Nov 12, 2014 10:15am
    The yuan was in an upward trend from 2005 until 2013, despite a standstill during the financial crisis. But this year, the Chinese currency no longer appears to be appreciating. In mid-November, its value against the US dollar is...
  • The strength of the yuan has been largely built on a weak US dollar. The end of QE will affect the globalization of the Chinese currency. Photo: HKEJ

    How China should adjust to post-QE era

    - Nov 6, 2014 9:18am
    It’s official. The United States has finally quit its quantitative easing (QE) program after five years. The end of the ultra-loose credit loosening policy will greatly influence the global market, with China, the world’s second largest...
  • China's central bank refused to intervene when commercial banks ran into a credit crunch last year even though it had been widely expected to inject liquidity into the market. Photo: Bloomberg

    Why Beijing likes to give way to market forces

    - Oct 31, 2014 9:04am
    A major principle held dear by the incumbent Chinese leadership is to let the market play a decisive role in the allocation of social and economic resources. This principle applies to the design and implementation of...
  • Slower growth can help China solve some economic problems as well as fight air pollution and protect the environment. Photo: Reuters

    China learns to live with slower growth, which also has merits

    - Oct 28, 2014 3:56pm
    As China’s economic growth slowed to a 22-quarter low of 7.3 percent, chances are that the world’s second-largest economy will not expand 7.5 percent for the whole year. Although growth may recover a bit in the...
  • China's new entry threshold for foreign teachers which includes longer experience is creating its own set of problems. Photo:

    Why Beijing just made life harder for foreign teachers

    - Sep 18, 2014 3:42pm
    If you are not a Chinese national and want to work in Beijing, here is the latest checklist of requirements announced by authorities on Sunday. 1) Between 18 and 60 year old, with no criminal record,...
  • Chinese Premier Li Keqiang wants foreign investors to bring in fresh ideas and new technology. Photo: AFP

    Three things Li Keqiang wants investors to know

    - Sep 15, 2014 10:35am
    Premier Li Keqiang revealed some of his new thinking during the Summer Davos meeting in Tianjin last week, which will help predict the policy trend and guide foreign investors on their China strategy. At least three...
  • China's younger generation is less inclined to haggling over prices at shops, compared to the elders. Photo: Bloomberg

    Bargaining is not such a big deal for younger Chinese

    - Sep 10, 2014 12:00pm
    Everything in China is negotiable, so goes a saying, reminding foreign travelers to be on guard and avoid getting ripped off. Foreign tourists are often advised to learn some bargaining skills so that they can evade...
  • Exports are expected to grow at a range of 5 to 10 percent in the second half of the year, from a 1.2 percent decrease in the first six months. Photo: Bloomberg

    Stimulus losing impact on China growth

    - Sep 4, 2014 10:32am
    China’s economic growth markedly slowed down in the past months since it recovered from a multiyear low by the end of the first quarter. This shows that the loosened monetary policy’s stimulus effect on the economy...
  • China's hukou reform is aimed at giving rural residents equal rights as their urban counterparts, including education opportunities for their children. Photo: AFP

    Same hukou for all? Not so fast

    - Aug 5, 2014 10:06am
    On July 30, China issued guidelines to reform its decades-long household registration system, commonly known as hukou. The move is a step forward in the country’s endeavor to optimize its outdated population management system. The document...
  • Internet giant Tencent Holdings is among the major stateholders of the private bank in Shenzhen. Players like Tencent have huge client bases and effective systems that will serve them in good stead in the banking business. Photo: Bloomberg

    Genuine private banks bring new breeze into China

    - Jul 31, 2014 9:52am
    China’s move to allow the establishment of private banks is the most important development in the country’s financial sector, if not the whole economic field, so far this year. The landmark decision will break up state...
  • Trade saves the day for GDP growth in the second quarter. Photo: Bloomberg

    Outlook finer but hold the champagne corks

    - Jul 17, 2014 2:17pm
    The number was up but it was still no real cause for celebration. Mainland GDP growth in the second quarter came in at 7.5 percent, a tad above the first-quarter result of 7.4 percent. Despite the...
  • This image of a 1,000-yuan note is circulating on the internet, but the central bank has been quick to squelch the rumor. Photo: Baidu

    Debates over big notes reflect public worries

    - Jul 10, 2014 4:51pm
    Since 2009, the issue of whether China should issue high-denomination banknotes, such as 500-yuan and 1,000-yuan bills, has been a hotly debated topic. It came back to the public’s attention last month when an economist at a...
  • President Xi Xinping wants South Korea to become part of China's efforts to establish a bigger global presence. Photo: Bloomberg

    How Beijing-Seoul ties could be a game changer

    - Jul 7, 2014 9:33am
    President Xi Jinping’s visit to South Korea last week showed Beijing considers Seoul as a counterpoint to the “Asia pivot” policy of the United States. Even more, China may want to shift the bedrock of Washington’s...
  • Railway investment has been removed from Shanghai's new negative list but it's still not open to foreign investors. Photo: Reuters

    Little to impress in Shanghai new negative list

    - Jul 2, 2014 9:43am
    The new version of Shanghai’s negative list, which stipulates limits for foreign investors, does not greatly open the market as many expected. On July 1, the China (Shanghai) Pilot Free Trade Zone announced the updated list,...
  • Premier Li Keqiang is prepared to scold officials over inaction on the economy. Photo:

    The education of an idealist: Li leans from reform to realism

    - Jun 26, 2014 3:38pm
    All the signs point to a shift from idealism to realism in the mind of Premier Li Keqiang. Li’s recent remarks and policies from the State Council he heads indicate that he has pulled back significantly from...
  • A dog vendor in Yulin takes his dogs to the market. Photo:

    More than one way to skin dog meat issue

    - Jun 24, 2014 9:55am
    All the farce surrounding a dog meat festival in southern China shows the country’s burgeoning animal rights activists are loosely organized, some of them ignorant about the law. As a group, they have a long way...
  • Pingtan, the second area to publish a negative list, is seen as a test bed for the practice for Fujian province. 
Photo: China Daily

    Pingtan negative list marks a step forward

    - Jun 19, 2014 12:16pm
    Recently, China took a step forward in its pilot of the negative list practice. Pingtan, a small island in east China’s Fujian province, became the second place in the country to adopt the list, which names...