23 October 2019

Zhang Xinmo

The writer is an economic commentator. He writes mostly on business issues in Greater China.
  • China needs to attract world-class listings to rejuvenate its stock market. Photo: Bloomberg

    Taking stock of China’s equity market

    - Jan 29, 2014 9:04am
    If you love someone, guide him/her to China’s stock market; if you hate someone, do the same, so goes a joke about the abundance of joy and pain in China’s A-share market. But in the past...
  • Japan's exports to China have been dented as Beijing is sourcing more from other nations such as South Korea. Photo: Bloomberg

    China flexes economic muscle against Japan

    - Jan 23, 2014 10:36am
    A China representative with a Japanese company, a longtime friend of mine, told me of his unpleasant experience on Dec. 26, the day Japanese Prime Minister Shinzo Abe visited the Yasukuni Shrine. Representing a Japanese mechatronics...
  • Private banks are intended to serve the funding needs of small businesses. Photo: Bloomberg

    Private banks should not become like their state peers

    - Jan 17, 2014 10:35am
    Private banks mainly serve small businesses. Current efforts to encourage the establishment of these banks are intended to help solve the financing difficulties faced by small and medium-sized enterprises, a chronic problem in China. Our economic...
  • Inside The Yangshan Free Trade Port

    China should give serious thought to joining the TPP

    - Jan 9, 2014 10:29am
    With the first round of the United States-led Trans-Pacific Partnership (TPP) talks nearing an end, China should discard its current wait-and-see attitude and explicitly voice its willingness to join the dialogue. Otherwise, the nation might suffer...
  • As 40 percent of all local debts are backed by land revenue

    Changing attitude toward local debts

    - Jan 3, 2014 10:23am
    After nearly three years, China finally updated its local government debt figures just before 2014 kicked in. In a broad sense, local government debts amounted to 17.89 trillion yuan (US$2.93 trillion) as of the end of...
  • The US move to taper its quantitative easing program reflects its solid economic recovery

    US tapering offers China more opportunities than risks

    - Dec 30, 2013 11:51am
    The other shoe has finally dropped. The United States announced on Dec. 18 it would start winding down its quantitative easing (QE) policy in January. Generally speaking, the US move offers a chance for China to...
  • Blueprint charts Beijing’s mission to find economic golden mean

    - Dec 19, 2013 9:51am
    Expectations going into the Central Economic Work Conference this month were not high. But the annual meeting that brings China’s top policymakers together to discuss economic direction contained at least two surprises, both of which offer...
  • Xi’s absence at Mandela memorial a misstep for China

    - Dec 13, 2013 12:36pm
    As the world mourned anti-apartheid hero Nelson Mandela, China missed a golden opportunity to show that it is what it claims to be: a responsible power. By sending Vice President Li Yuanchao to join more than...
  • In and out: A way to fix China stock market

    - Dec 5, 2013 8:55am
    Late last month, China decided to resume initial public offerings (IPOs) in January after a freeze of more than a year. Along with the decision were new listing rules. The rules establish an IPO registration system,...
  • China needs to wait and learn from the Shanghai experience before launching new free trade zones. Photo: Reuters

    Some cool thinking needed amid the FTZ fever

    - Nov 29, 2013 9:36am
    The reform blueprint released after the Chinese Communist Party’s recent central committee plenum has listed, among other things, accelerating the construction of free trade zones (FTZs) as a task in the nation’s opening-up endeavor. News reports,...
  • China faces a long and difficult road on financial reforms. Photo: Reuters

    Financial reform struggles to continue

    - Nov 21, 2013 10:26am
    The document released last week after the Chinese Communist Party’s central committee plenum suggests two things. The one is that opposition to financial reforms remains huge. The other is that top policymakers are trying to make...
  • Reading the plenum tea leaves

    - Nov 15, 2013 11:26am
    As a guide to the country’s reform path, the communiqué released after this week’s Communist Party Central Committee plenum is short on concrete details. The full text of the plenum document may give more insight when...
  • E-commerce and internet firms such as Alibaba are seeking a slice of the growing financial services business in China. Photo: Bloomberg

    Internet finance the next big thing

    - Nov 8, 2013 9:26am
    When e-shopping was the preserve of only a handful of trendy, curiosity-driven youngsters more than a decade ago, many traditional buyers and sellers found fault in this creative way of trading, with some commentators declaring that...
  • China's leaders need to strike the right balance between growth and reforms. Photo: Bloomberg

    GDP target to test China reform pace

    - Nov 4, 2013 9:43am
    How fast will China’s economic reforms proceed under the country’s new helmsmen? That is a question many people in and out of China are asking. As China’s economic strength grows and its integration with the global economy...
  • Property market was among the key engines that drove China's economic rebound in the third quarter. Photo: Reuters

    China emerges from economic trough, but road ahead still bumpy

    - Oct 24, 2013 9:22am
    China’s economic growth gathered speed in the third quarter, but it’s not necessarily a great achievement to brag about. The growth rate of 7.8 percent was achieved mainly because of the mini-stimulus measures launched by the...
  • The yuan still has no strength to challenge the three major currencies

    The pitfall of yuan globalization

    - Oct 17, 2013 10:56am
    A series of good news has emerged this October to suggest an increasingly globalized renminbi. On Oct. 8, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) said the yuan was the eighth most traded currency in...
  • China dreams big in ASEAN

    - Oct 16, 2013 3:44pm
    Chinese leaders are busy. (I’m 100 percent serious, and not joking about Network News, the primetime news program of state broadcaster China Central Television. The program’s three segments, viewed as a political barometer, has been a...
  • Blame Wenzhou crisis on China’s investment addiction

    - Oct 7, 2013 9:26am
    Business people are having a hard time in Wenzhou, the Zhejiang city that is known for its entrepreneurship and robust private sector. Defaults, bankruptcies and foreclosures are common these days. Wenzhou was the only one of...