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  • November 29, 2014
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  1. US, China envoys meet amid tension over arms

    Posted Oct 12th 2011, 12:00am

    ... currency in the wake of the 2008 global financial crisis. In another issue that had been a persistent irritant in Sino-US ties, the Obama administration recently said it would sell US$5.85 billion ... Cary Huang in Beijing cary.huang@scmp.com Top diplomats of China and the United States met yesterday amid escalating tensions between the two powers over currency and Washington's ...

  2. Beijing bid to expand HK's yuan business

    Posted May 04th 2009, 12:00am by Cary Huang

    ... to handle yuan business in regard to the mainland's currency-swap deals with foreign nations. The global financial crisis has encouraged mainland officials to speed up the currency programme. ... in a significant move aimed at making the city a yuan offshore centre, sources say. Under a programme to gradually turn the yuan into an international currency, the State Council is studying a proposal ...

  3. Calls to hasten yuan convertibility

    Posted May 25th 2011, 12:00am

    ... into a world currency. Mainland policymakers have long defended restrictions over cross-border investments by citing the need to shelter the nation's financial system from fluctuations ... a world currency. A capital account includes foreign direct investment, plus changes in holdings of stocks, bonds, loans, bank accounts and currencies. Beijing has been pursuing greater influence ...

  4. Obama has gone; distrust returns

    Posted Nov 21st 2009, 12:00am by Staff Reporter

    ... China's trade and currency policies for generating big surpluses, prompting the imbalances behind the global financial crisis. Harsh as they may seem, many mainland Sino-US watchers said they were ... But their American media counterparts were disappointed by Obama's failure, among other issues, to push China to further revalue its currency, and his rather ineffective attempts to reach out ...

  5. Support for single Asian currency is unrealistic

    Posted Apr 28th 2005, 12:00am by Staff Reporter

    ... Donald Tsang Yam-kuen's support for an Asian single currency is unrealistic ('Single currency would make Asia strong,' Sunday Morning Post, April 24). I doubt that the case for such a currency is 'overwhelming'. His arguments are based on this currency helping intra-Asian trade. This is valid, but surely monetary union is decades away. First, we need free trade ...

  6. Beijing backs Shanghai goal as finance hub

    Posted Mar 26th 2009, 12:00am by Martin Zhou, Peter So

    ... That could help China overcome the financial crisis, Xinhua reported. Explicit in the State Council's endorsement is that Beijing will make its currency, the yuan, fully convertible by 2020, ... to Shanghai,' said Stephen Green, Standard Chartered Bank's chief China economist. 'Beijing does want to encourage companies to use yuan as an invoicing currency in international trade.' ...

  7. Resistance is futile

    Posted Jan 30th 2012, 12:00am

    ... again. It thinks its voice is not being heard. Here, it has a point. China's politicians watch in disbelief as their US counterparts demand sanctions for manipulating its currency because ... believe the model is flawed and look to the financial crisis and the greed of Wall Street as evidence of this. From a Chinese perspective, the US military posturing in the South China Sea is seen ...

  8. Fishermen fear for cash due from 2010 pirate ordeal

    Posted Mar 09th 2012, 12:00am

    ... not maintain a foreign currency account. So, the fisherman cannot get their compensation- US$24,570 for Yu and US$28,006 for Xu- until the court gets permission from the country's central bank ... for the fisherman, who have been swept from one crisis to another since the Taiyuan No 227 was taken captive in May 2010. 'I desperately need this money, and I feel very anxious,' said Xu, 41, who ...

  9. Northern lights dazzle

    Posted Nov 04th 2011, 12:00am

    ... elsewhere in the world because quality beats it all,' he adds. Though a member of the European Union since 1995, Sweden has not adopted the troubled euro currency. And thanks to solid public ... neighbours in the global economic crisis that struck in 2008. Besides quality, Swedes attach great importance to equality in everything they do, at work and in life. The work culture is characterised ...

  10. Surplus of talk on yuan value masks dollar dominance of trade

    Posted Sep 10th 2004, 12:00am by Jake Van Der Kamp

    ... neighbours unless they also revalue. The fact is that the currencies of these Asian neighbours collapsed in the 1997 financial crisis and even now the yuan stands a weighted average of about 57 per ... be persuaded to participate in a general currency realignment at the same time as Beijing so the mainland did not suffer an excessive loss of competitiveness against its neighbours.' SCMP, ...




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