Philip Wen

Philip Wen

Philip Wen is the China correspondent for Fairfax Media.

Tony Abbott says jobs and growth, not climate, top of the G20 agenda

James Massola, Nick O'Malley, Philip Wen Prime Minister Tony Abbott has insisted jobs and economic growth must remain front and centre of the G20 agenda, pushing back against renewed momentum for climate change to be discussed at the...

Sydney to become official currency trading hub for China

Philip Wen President Xi Jinping is poised to announce Sydney as an official currency trading hub during his state visit next week, in a deal aimed at bringing down the cost of doing business with Australia's...

China

Australia baulks at China bank sign-up

A Chinese flag

John Garnaut, Gareth Hutchens, David Wroe and Philip Wen Australia has baulked on signing up to a powerful new Chinese development bank amid concerns within the Abbott government that Beijing could use it to expand its strategic influence in...

Resources

Treasurer Joe Hockey says Chinese coal tariffs may be waived

Loss-making: China, which is the world's largest producer and consumer of coal, is imposing import tariffs.

Philip Wen China has intimated that its newly-introduced coal tariff could be waived on Australian imports if a free trade agreement between the two countries was struck, Treasurer Joe Hockey has said, raising...

Resources

Faltering economy hits China's coal sector

Philip Wen It deals a further blow to struggling Australian coal exporters and delivers eleventh-hour complications to the bilateral free trade deal, but China’s abrupt reinstatement of import duties on...

Food

Meaty business: Feeding into the next China boom

“Back in 2003 and 2004, everyone was asking if you knew a supplier for iron ore,” one China-based Australian mining executive said. “These days, people are asking, ‘do you have suppliers for beef?’”

Philip Wen As China's hunger for Australia's resources fades, dealmakers bet on its growing appetite for our food.

Resources

China coal ban to put more pressure on struggling mines

Coal mining at Musswellbrook in the Hunter Valley, an area that will likely be hit hard by new Chinese regulations.

Peter Ker and Brian Robins with Philip Wen, Beijing At a time when large parts of the industry are not making any money, coal producers may be faced with heavy additional costs to meet China's tougher environmental controls on coal imports.

China coal ban to rescue domestic mines

Philip Wen, China Correspondent The move by the Chinese government to ban certain types of high-polluting coal is as much to do with rescuing its domestic miners from a global supply glut as it is with being seen to clean up its...

China

Barnaby Joyce says Australian imports pose little threat to Chinese farmers

Federal Agriculture Minister Barnaby Joyce.

Philip Wen Agriculture Minister Barnaby Joyce has arrived in China with a clear message aimed at alleviating anxiety over the threat posed by Australian agricultural imports to farmers on the mainland.

NSW Premier Mike Baird banks on Chinese currency for Barangaroo

Mike Baird

Philip Wen Premier Mike Baird is banking on Sydney becoming a Chinese currency trading hub.

Taiwan trouble for James Packer's Macau casino joint venture

crown casino

Philip Wen Taiwanese prosecutors have charged a subsidiary of James Packer’s Macau casino joint venture over the alleged illegal channeling of hundreds of millions of dollars between Taiwan and the...

G20

G20 not a place to discuss climate change, says BHP chief

Andrew Mackenzie

Philip Wen The chief executive of the world's largest miner, BHP Billiton, has backed Prime Minister Tony Abbott's decision to keep climate change off this year's G20 agenda, despite concerns Australia is...

Industrial output slowdown hits China's economic growth figures

Philip Wen China has narrowly avoided posting its slowest rate of economic growth in five years, but lacklustre industrial output has underlined how the world's second-largest economy may be struggling to...

GDP

China growth slows but beats expectations

china

Philip Wen China has narrowly avoided posting its slowest rate of economic growth in five years but lacklustre industrial output has underlined how the world’s second-largest economy may be struggling to...

China

Are China's 'ghost' cities building towards economic ruin?

SMH Foreign 21 March 2014. Construction site of Future Ark in Guiyang. pic of Guiyang Ghost Towns for Philip Wen report

Philip Wen Demons are lurking behind China's unprecedented housing projects.

Comment

China makes moves to cover economic cracks

BEIJING, CHINA - MARCH 13:

Philip Wen For a leader of a one-party state with no votes to be won, Li Keqiang has shown a distinctly populist approach to politics, writes China correspondent Philip Wen.

China

Economy healthy despite difficult year ahead: China's Premier Li

Illustration: Simon Bosch.

Philip Wen, Peter Ker China's Premier Li Keqiang says his country can accommodate economic growth lower.

Beijing

China can cope with lower growth, says Premier Li Keqiang

Bloomberg Photo Service 'Best of the Week':  Li Keqiang, China's premier, gestures as he speaks during the opening plenary at the World Economic Forum Annual Meeting of The New Champions in Dalian, China, on Wednesday, Sept. 11, 2013. Li said the foundations of a growth rebound aren't solid while cautioning that stimulus won't help resolve deep-rooted issues in the world's second-largest economy. Photographer: Tomohiro Ohsumi/Bloombergg *** Local Caption *** Li Keqiang

Philip Wen Premier Li Keqiang says China can accommodate economic growth lower than its stated target of 7.5 per cent and signalled the government is comfortable with the "hardly avoidable" prospect of debt...

Trade

China keen to move on new trade deal with Australia

Gao Hucheng

Philip Wen China has given the strongest indication yet that it will push to seal a free trade agreement with Australia by the end of the year.

Economy

China sticks to growth target despite 'deep-seated' problems

China

Philip Wen China has maintained its economic growth target at 7.5 per cent a year, signalling unwillingness to allow growth to slow markedly despite acknowledging an urgent need to address imbalances in its...