Iris Ouyang

Iris Ouyang

Reporter, Business

Iris Ouyang is a business reporter for the Post. She has reported in Washington D.C., Beijing, and Hong Kong in the past several years for both Chinese and international media organisations such as Ca

ixin, Phoenix Finance, MNI, USA Today, MarketWatch and American Banker.

Location
Hong Kong
Language spoken
English, Mandarin, Cantonese
Areas of Expertise
China's economy
The reclusive Chinese billionaire whose kidnapping brought unwanted fame
He Xiangjian, the Chinese billionaire who founded the world’s biggest home appliances maker Midea Group and was the victim of a recent botched kidnap attempt, is a man of few words. The man with a $25 billion fortune shares only 26 words with his staff and customers on Midea’s official website. But plenty has been written about He – China’s sixth-richest person, according to Forbes – since June 14, when five kidnappers with explosives held the 77-year-old for ransom after breaking into his luxury villa in Foshan, his and Midea’s birthplace in southern China. Local police arrested the suspects after He’s son – 55-year old He Jianfeng, who sits on the Midea board – sneaked out of the property
Tourism is coming back in China, but not all destinations are equal
The Labor Day holiday in China provided a short but appreciated rebound for the tourism and travel industry in the country.  The five-day holiday period had been anticipated as a barometer of consumer confidence, with the authorities pinning their hopes on the festivities to unleash people’s purchasing power and help reignite an economy in the doldrums. Although far lower than a year ago, domestic tourism revenue from this year’s holiday (May 1 to May 5) almost quadrupled from the previous public holiday, which was the Ching Ming Festival from April 4 to April 6. People who had been cooped up at home because of measures to contain the coronavirus leapt at the opportunity to get away for a fe