Orange Wang

Orange Wang

Orange in a contributor to Inkstone. He covers the Chinese macroeconomy for the South China Morning Post.

Language spoken
English, Mandarin, Cantonese
Areas of Expertise
China economy
China’s Covid-19 epicenter gets back to normal, but can't hide the trauma
When Wang Dandan moved to Wuhan for a job managing a newly built hotel last summer, she could never have guessed the front-seat view she would have of the city’s battle against the coronavirus. After the severity of the outbreak became clearer and authorities sealed off the central Chinese city on January 23, her hotel became the sleeping quarters for medical professionals deployed across the city. Thanks to its proximity to two major hospitals, the hotel was soon abuzz with doctors and nurses at the initial epicenter of the crisis. The lobby of the hotel is still decorated with silk banners sent by visiting medical teams expressing gratitude for the hospitality. But nearly 150 days after th
China’s pensions gap forces rural peasants to labor into old age
In most parts of rural China, the elderly must continue to rely on their own labor, their children or their savings to support themselves in their twilight years. Chen Yunfeng, the chief of Yancang village in central China, has grown dismayed by the disadvantages that aging rural peasants face. “We plant grains, but grains are cheap,” Chen said while puffing cigarettes under a no-smoking sign in his little office. “And we are getting old, but there’s little welfare.” According to Chen, who is in his late fifties, a peasant from the village can receive a monthly pension of just 112 yuan ($16) after the retirement age of 60 – a tiny sum that is well below the average daily wage in Chinese citi
China could soon find itself short of friends
China could face isolation from the post-coronavirus global economic order, according to the man who helped secure its place in the World Trade Organization in 2001.  The warning by Long Yongtu, the country’s former chief trade negotiator, adds to a chorus of influential domestic voices who are increasingly concerned about the country being frozen out in the fallout from the pandemic. As more countries follow the United States in criticizing China for its handling of the virus, some in China are concerned that Washington and its allies will try to exclude Beijing from a new international economic order. Long said: “China is also an important participant in globalization, so when somebody be
China’s economy fell off a cliff during coronavirus lockdown
The coronavirus’ impact on China’s economy was made plain in new numbers released on Monday, which showed a collapse across the board. Strict containment efforts, including the full-scale lockdown of Wuhan, where the new coronavirus was first reported, has led analysts to downgrade their outlook for the Chinese economy, with most now expecting a historic contraction in the first quarter. On Monday, newly released economic data points fell dramatically further than analysts had predicted. For example, retail sales,  a key metric of consumption in the world’s second-largest economy, fell by 20.5%, the first decline on record.  The median forecast of a group of analysts, conducted by Bloomberg
Economic shock of coronavirus may ‘hit harder than Sars’
Cities across China have become virtual ghost towns as public fear grows over the spread of the deadly coronavirus. Early signs indicate the outbreak could deal a heavy blow to the country’s already fragile economic recovery. As the virus has fanned out from the central Chinese city of Wuhan, in Hubei province, authorities have taken increasingly aggressive measures to contain the Sars-like virus: curbing public transport, shuttering entertainment venues and shortening business hours. The rapid transmission of the coronavirus, partly due to initial mishandling by officials in Wuhan and Hubei, comes as China is trying to stabilize economic growth in 2020 following the signing of a phase one t
China’s growth falls to 29-year low. Official says progress ‘unstoppable’
China’s economy grew by 6.1% in 2019, the lowest annual growth rate for 29 years, the National Bureau of Statistics said on Friday. The gross domestic product (GDP) figure came in a year in which the Chinese economy was hammered by US tariffs as a result of the trade war. The new data comes a day after China and the United States signed an initial trade deal on Wednesday, marking something of a ceasefire in the trade dispute between the world’s two largest economies. However, despite falling to a new low since 1990, when political turmoil drove economic growth down to 3.9%, the 6.1% rate met the target range of between 6.0% and 6.5% set by the central government at the beginning of last year
China province, population 80 million, says only 17 people live in poverty
A Chinese province of 80 million people has claimed that only 17 residents, from six families, remain in poverty, sparking intense debate about the veracity of official anti-poverty statistics. The coastal province of Jiangsu is the first to declare a near elimination of absolute poverty – which is defined in China as per capita net income of 2,300 yuan ($331) in 2011 prices – as part of President Xi Jinping’s drive to wipe it out and build China into a comprehensive well-off society by 2020. China has yet to publish official statistics for all of 2019, but the government has said the number of people in poverty was cut to 16.6 million at the end of 2018 and an additional 10 million were lif
Why Chinese banks are giving out free pork to new customers
Handing out servings of expensive pork as a reward for opening an account is the latest gimmick being used by a growing number of small local banks across China to lure new depositors. The fact that pork could be seen as a desirable reward for opening a bank account speaks to the country’s massive shortage of its favorite staple meat. On Monday, clients who deposited $1,430 or more in a three-month time deposit at the Linhai Rural Commercial Bank in Duqiao in Zhejiang province were then eligible to enter a lottery to win a portion of pork ranging from one to ten pounds. “The money is still my own, and the interest is good. I’m happy to receive a piece of pork in addition,” one female client,
Xi Jinping’s Chinese dream, and the nightmare of a ‘triple threat’
The gigantic bazaar in Baigou, Hebei province has 216 escalators. There, shoppers can browse more than 10,000 stores and, for the cost of a movie ticket, buy a handbag that looks like a Louis Vuitton or Gucci original. The bazaar, officially known as the Hedao International Trade Center for Cases and Bags, symbolizes the northern Chinese town’s dream of finding a place in the global trading landscape. Around two hours south of Beijing, Baigou’s effort to put itself on the map has come a long way. According to the town’s local history archive, the collective commune system in rural China imposed in the 1950s wiped out traditional trading, resulting in famine and catastrophe. The daily grain r
China releases ‘emergency pork’ amid swine virus outbreak
The Chinese government has stepped up efforts to ease an acute pork shortage that is fueling public grievances. African swine fever, which is harmless to humans but deadly to pigs, has spread across the country over the past year, forcing farmers to slaughter their hogs and shutting down loss-making pig farms. As a result, China’s hog herd is now down more than 30% compared with a year ago, according to official data, while pork prices have hit new highs.  Pork is the most popular meat for the majority of the Chinese population. Pork affordability is also one of the indicators people use to gauge their own financial well-being.  With citizens increasingly unhappy over expensive pork, the go