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  1. Beijing warns of 'trade war' over US currency bill

    Posted Oct 05th 2011, 12:00am

    ... disastrous consequences. China, the fastest-growing major economy, has been suggested as a potential saviour of the teetering global economy. 'A trade war would complete the parallel between ... Cary Huang in Beijing cary.huang@scmp.com Beijing has warned Washington that it risks triggering a trade war with legislation being considered by the US Senate that would punish China ...

  2. The Christmas fairy tale of the iPhone and the US trade deficit

    Posted Dec 24th 2010, 12:00am by Tom Holland

    ... iPhone sold in America this Christmas, the US trade deficit with China will go up by around US$170. (Actually that figure is based on an iPhone 3G. For each iPhone 4, the US deficit goes up ... to this year's US trade deficit with China, which is on target to hit a record US$270 billion (see the first chart below). That means iPhones alone will account for 1 per cent of the bilateral trade ...

  3. Wen urges services sector to prepare for competition

    Posted May 29th 2012, 12:00am

    ... The Beijing Fair is set to become an annual event offering a platform for trade in global services and parallelling the twice-yearly Canton trade fair, which is the world's largest manufacturing ... Speaking at the opening ceremony of the first Beijing International Fair for Trade in Services yesterday, Wen said China would allow local companies to source their software, information, ...

  4. Facing up to the crisis in fiat money

    Posted Apr 16th 2011, 12:00am

    ... of Bancor'. Padoa-Schioppa, who died later that year, had a major role in the creation of the euro and was a member of the board of the European Central Bank. In his speech, he drew parallels between ...

  5. Flagging demand saps China's trade

    Posted Jul 11th 2012, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com China's foreign trade lost steam last month as external and internal headwinds crimped demand, piling pressure on the government to step up ... show. The trade surplus in June widened by 42.9 per cent year on year to US$31.73 billion, lending some support to the yuan. The currency fell 0.88 per cent from April through June, the biggest ...

  6. Beijing clears yuan and yen for trade

    Posted May 30th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Beijing has authorised direct trading between the yuan and Japan's yen- only the second currency after the US dollar to have such an arrangement- as part of a push to internationalise the yuan to become widely used in trade, investment and reserves. The move, effective from Friday, would lower currency exchange costs, increase the use of the yuan ...

  7. On its own

    Posted Jul 12th 2012, 12:00am

    ... of the current crisis- the European Union is its biggest trading partner- but political realities present considerable obstacles to Chinese action. There is a sense that China lacks political incentives ... on the national economy. The ability of China to deploy reserves to stabilise the European economy is limited. Savings generated by large trade surpluses have already been invested and are held in a form ...

  8. US trade bill 'breaks W.T.O. rules'

    Posted Mar 08th 2012, 12:00am

    ... Cary Huang and Lulu Chen in Beijing Claiming that a US trade bill targeting Chinese exports violates World Trade Organisation rules, China's commerce minister said yesterday that his ... Commerce Minister Chen Deming reiterated that China would abide only by rules of the international organisations it had joined. 'In terms of economics and trade, for example, we follow ...

  9. Businesses urged to watch out for new trade barriers

    Posted Nov 04th 2011, 12:00am

    ... Trade Organisation's Valentine Rugwabiza, who was in Hong Kong to attend a global business forum on the eve of the G20 world leaders' summit in France. Global trade protectionism ... six months. Rugwabiza said the G20 had shown no new efforts in relaxing or removing existing trade restrictions, particularly those introduced since the onset of the financial crisis in 2008. ...

  10. New US yuan act fails to clear crucial WTO trade-law hurdle

    Posted Oct 26th 2011, 12:00am

    ... Oversight Reform Act of 2011 passed by the US Senate two weeks ago is not only economically misguided, it suffers from a fatal legal flaw, according to the World Trade Organisation's (WTO) ... themselves an unfair trade advantage. China is not mentioned, but it is the obvious target. The bill's supporters believe that under international trade laws, China's persistent ...




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