Sidney Leng, SCMP News

Sidney Leng

SCMP News

Hong Kong

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Recent:
  • SCMP News
Past:
  • The Star
  • CNBC
  • Business Insider

Recent articles by Sidney:

China’s plan for economic self-reliance to offset rising geopolitical risk ‘requires structural reform’

President Xi Jinping has in recent weeks called for greater self-reliance in China, but analysts say this will require significant – and perhaps unpalatable – reform of the economy. → Read More

Coronavirus: China tweaks graduate employment rate to include students who find ‘work’ as gamers, bloggers

Graduates who find ‘work’ as competitive gamers and bloggers after finishing university will now be classified as employed in China. Change in criteria has fanned speculation Beijing is trying to inflate employment figures for young graduates amid a worsening jobs market. → Read More

Foreign M&A in China remains strong as investors remain optimistic despite coronavirus, decoupling

American and European investors are taking advantage of looser foreign ownership limits, while also betting on rising Chinese consumer demand, Rhodium Group says. → Read More

China’s updated Anti-monopoly Law aimed at further protecting foreign firms criticised for not doing enough

Amendments to China’s Anti-monopoly Law, which are under public review this month, include increasing penalties and obliging police to assist with investigations. → Read More

Facebook’s Libra global cryptocurrency, how will China react?

Expected launch next year raises new questions for China, analysts say. → Read More

Facebook’s Libra global cryptocurrency, how will China react?

Expected launch next year raises new questions for China, analysts say. → Read More

China chemical plant explosion death toll reaches 47, with 90 injured

Blast on Thursday afternoon leaves 32 people in critical condition and 58 seriously injured State media reported that the fire had been contained, but drone video images showed the blaze was still visible amid heavy black and orange smoke → Read More

Chongqing battling rising unemployment as China’s traditional industrial base follows nationwide slump

The economy in the landlocked city grew just 6 per cent in 2018, its slowest pace since 1989, falling behind its own 8.5 per cent target → Read More

Xi Jinping turns to Mao Zedong-era system to lift millions of China’s rural poor out of poverty

Beijing is rebooting an old state-run cooperative system to help boost the rural economy, but after years of reform some analysts are sceptical about how effective it can be in helping the country’s millions of impoverished farmers.... → Read More

China grapples with surge in illegal fundraising as online lenders bend rules

Chinese police investigated more than 10,000 cases of illegal fundraising last year, a 22 per cent rise in the caseload, according to China’s top prosecutors.... → Read More

Guangdong’s growth slump is seen as a turning point for China’s economy, say analysts

Country’s most prosperous province has set lower 2019 growth target that matches expected national target as fast growth fades and trade war clouds outlook → Read More

China’s smartphone shipments fall to pre-2014 level as economic slowdown bites, says report

China’s economic slowdown and consumers pulling back on spending have taken a toll on its smartphone industry, with shipments to the world’s largest phone market retreating to the level before 2014, according to an industry report from research firm Canalys. ... → Read More

Trade war fears and low demand sees profit growth at China’s industrial giants cut in half

China’s industrial companies saw their profit growth scythed in half last year, as economic activity cooled in the world’s second largest economy.... → Read More

China’s birth rate falls again, with 2018 producing the fewest babies since 1961, official data shows

New births in China fell to 15.23 million last year, the lowest since China relaxed its one-child policy in 2014. → Read More

Jobs in China’s export-import industries wither in the heat of Washington’s trade war with Beijing

Demand for labour at China’s importers, exporters, and related manufacturers fell by 40 per cent in the last quarter of 2018 from a year earlier, showing the trade war with the US has taken its toll, a survey released on Friday revealed. ... → Read More

In China industrial heartland city of Chongqing, a painful economic transition is on full display

As night begins to fall, crowds gather near the top of Hongya Cave, a group of stilted buildings overlooking the Yangtze and Jialing rivers, both of which pass through the city of Chongqing in the west of China.... → Read More

Goldman Sachs at centre of latest bout of nationalism and resentment in China over Sinopec oil deal

China’s efforts to woo foreign businesses in an attempt to offset the trade war with the United States is battling against a rising tide of resentment, with American investment bank Goldman Sachs the latest to fall foul of a growing bout of nationalism.... → Read More

China birth numbers expected to fall to lowest level since 2000, creating new economic and social challenges

The number of children born in China in 2018 is expected to have dropped to the lowest level since 2000 after a year that “will be remembered as a historical turning point for Chinese population”, signalling a “demographic crisis” that threatens already struggling economic growth prospects, mainland media and researchers said.... → Read More

China’s new income tax law could be costly for foreign workers, but there’s good news too

Non-nationals who spend more than six months working in China are now classed as residents for tax purposes and required to declare their worldwide income → Read More

Xi Jinping steers clear of US trade war and slowing economy in glowing review of China’s ‘extraordinary’ 2018

Chinese President Xi Jinping tried to talk up the country’s achievements over the past 12 months in a year-end speech that ignored or downplayed some of the major challenges, including the trade war with the US, that has put the Communist Party’s leadership to the test.... → Read More