Clement Tan

Clement Tan is a senior correspondent for CNBC in Singapore. He writes mainly about economics, financial markets and geopolitical risks in the Asia Pacific.

Biography:  https://www.cnbc.com/clement-tan/

69%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.

Bias

80%

Examples:

  • The author has a bias towards discussing the financial markets and geopolitical risks in the Asia Pacific.

Conflicts of Interest

60%

Examples:

  • The author has a conflict of interest with HSBC as they make most of their profits in Asia, especially China and Hong Kong. The article discusses the bank's pre-tax profit which rose to $30.3bn but also mentions that it suffered a valuation adjustment on its stake in China Bank of Communications.

Contradictions

75%

Examples:

  • There are contradictions regarding China's annual growth target for this year. The government set its target at around 5% but it is not clear if meeting this goal will be easy due to various issues such as overcapacity and faltering price pressures.

Deceptions

65%

Examples:

  • The article claims that HSBC's full-year pretax profit missed analysts estimates by $34 billion. However, this number is not accurate as it includes a one-time write-down on China Bank of Communications which was already accounted for in previous quarters and should not be included again.

Recent Articles

Bank of Japan Ends Negative Rates Regime and Abolishes Yield Curve Control for Japanese Sovereign Bonds

Bank of Japan Ends Negative Rates Regime and Abolishes Yield Curve Control for Japanese Sovereign Bonds

Broke On: Tuesday, 19 March 2024 The Bank of Japan (BOJ) has ended its negative rates regime and abolished yield curve control for Japanese sovereign bonds. The BOJ raised short-term interest rates to around 0% to 0.1%, marking a historic shift in monetary policy that precedes the U.S Federal Reserve's interest rate decision later this week.
China's Two Sessions: Navigating Economic Challenges and Unlocking Growth Potential

China's Two Sessions: Navigating Economic Challenges and Unlocking Growth Potential

Broke On: Tuesday, 05 March 2024 China's Two Sessions discuss economic challenges such as overcapacity, price pressures and real estate crisis. Despite these issues, Beijing sets growth target at 5% for 2024 through infrastructure development. However, experts suggest a contractionary fiscal policy may be necessary.
HSBC Reports 78% Increase in Pre-Tax Profit to $30.3 Billion, Thanks to High Interest Rates and Strong Performance in Asia

HSBC Reports 78% Increase in Pre-Tax Profit to $30.3 Billion, Thanks to High Interest Rates and Strong Performance in Asia

Broke On: Monday, 19 February 2024 HSBC, Europe's largest bank by assets, reported a 78% increase in pre-tax profit to $30.3 billion in 2023 from the previous year of $17.1 billion due to high interest rates and strong performance in Asia.
China Stocks Surge on Authorities' Measures to Arrest Sell-Off; Boeing Discovers Another Problem in 737 Max Fuselages

China Stocks Surge on Authorities' Measures to Arrest Sell-Off; Boeing Discovers Another Problem in 737 Max Fuselages

Broke On: Tuesday, 06 February 2024 China stocks surged on Tuesday as authorities took measures to arrest a recent sell-off in its equities, while most Asia-Pacific markets declined. The CSI 300 index closed 3.48% higher at 3,311.69 and Hong Kong's Hang Seng index rose about 4%. Central Huijin Investment promised to expand its purchases of stock index funds to help sagging markets under heavy selling pressure from a property crisis and slowing economy.

Moody's Downgrades China's Credit Outlook to Negative Amid Rising Debt Concerns

Broke On: Tuesday, 05 December 2023 Moody's has revised its credit outlook for China from stable to negative. The downgrade reflects concerns over China's rising debt and potential impact on economic growth. China's long-term rating remains at 'A1'. The move by Moody's has led to a slump in China's blue-chip stocks and an increase in the cost of insuring China's sovereign debt against default.