Wendy Wu

China’s regulators strive to keep up with fast-growing ‘fintech’

From mobile payments to online lending, China’s boom in “fintech” applications is creating new headaches for regulators used to supervising conventional financial deals. If regulators stay out of...

China urges foreign firms to make ‘joint efforts’ to control flow of cash out the country

China’s foreign exchange regulator has asked for cooperation from multinationals, including Sony, BMW, Daimler, Shell, Pfizer, IBM and Visa, to manage and control the flow of capital out the country....

Death by a thousand job cuts: the human cost of China’s zombie firms

Mr and Mrs Chen, both in their late 50s, opened a small bakery three years ago after they quit the nearby state-owned steel plant where they had worked for three decades. There may be a future in...

‘Made in China’ hi-tech plan risks pushing out foreign competitors, European businesses say

The European Union Chamber of Commerce in China has raised concerns about Beijing’s plans to develop the nation’s hi-tech prowess, arguing that Chinese firms will be given an unfair advantage through...

China preparing to hit back if Donald Trump starts trade war, says US business group

China is preparing to retaliate if US president-elect Donald Trump launches a trade war, a key US business lobby group warned on Wednesday. “To our knowledge, China is already preparing measures in...

China industrial inflation surges on coal and steel price rally

Producer prices at China’s factories surprised the market on the upside in the last month of 2016, although consumer inflation eased slightly, according to data released by the National Bureau of...

To woo back foreign investors, Beijing goes on charm offensive – at Starbucks

A coffee shop is not a standard venue for the Chinese government to deliver policy messages. But as complaints grow louder that Beijing is becoming increasingly harsh towards foreign businesses,...

To let the yuan fall or not? Beijing’s big burning currency question

As the Chinese yuan keeps weakening against the dollar, a question is becoming acute for Beijing: should China let the market take its course and permit a deep currency fall or should it keep burning...

What China has done to stop massive amounts of cash from fleeing the country

The Chinese authorities are about to halve the amount of cash China UnionPay bank card holders can withdraw from ATM machines in Macau, the South China Morning Post has learned. It is the latest step...

China’s central bank steps up efforts to create digital currency

The People’s Bank of China (PBOC) is stepping up its research on a “sovereign digital currency” as it joins other central banks and financial institutions in exploring future forms of money. China’s...