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  • September 18, 2014
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  1. Beijing warns of 'trade war' over US currency bill

    Posted Oct 05th 2011, 12:00am

    ... for its currency policies. US lawmakers have accused Beijing of manipulating the value of the yuan to keep it artificially low in order to boost exports. In a rare move, the central bank, ... at forcing Beijing to let its currency float freely, and accused Washington of politicising global currency issues. The US Senate voted on Monday to allow a debate on the bill, which would force ...

  2. Experts predict unprecedented crisis for city

    Posted Oct 13th 2008, 12:00am by Joyce Man

    ... the government should weather the global economic crisis. To stabilise the currency's value, the government must have a large amount in foreign currency reserves, Professor So said, adding that Hong ... Joyce Man Hong Kong could be facing an unprecedented economic crisis and should not expect the government's foreign reserves to save it in the long run, speakers on a weekly radio ...

  3. Economy leaves crisis behind

    Posted Oct 12th 2010, 12:00am by Kevin Rafferty

    ... spite of the images that appeared on TV screens, the tumultuous political crisis actually had zero impact on the manufacturing process, supply chain, logistics... nothing was impacted. 'Obviously during the crisis there was a significant- drastic- impact on tourism. But tourism has recovered and we are back to estimating full-year numbers equal to the peak of a couple of years ago ...

  4. China, US team up to tackle crisis

    Posted Jun 03rd 2009, 12:00am by Cary Huang

    ... the global financial crisis, and announced cabinet-level meetings between the two countries in the US next month. Mr Hu and Mr Wen met Mr Geithner on the final day of a whirlwind visit aimed both ... nations in the world, China and the United States share comprehensive common interests and shoulder important responsibilities in tackling challenges from the global financial crisis and promoting ...

  5. Economic deals not good enough, say China's critics

    Posted May 25th 2007, 12:00am by Ray Cheung

    ... House press release: an eight-letter word, 'currency'.' The two-day economic summit ended on Wednesday. US Secretary Treasury Henry Paulson and Vice-Premier Wu Yi announced new ... on the appreciation of the yuan, although the People's Bank of China did increase the trading band for the currency last week. Democrat Max Baucus, the chairman of the Senate finance committee, expressed ...

  6. Goodbye to a year of crisis

    Posted Dec 29th 2003, 12:00am by Laurence Brahm

    ... of fire. Within days of officially assuming power in March, President Hu Jintao and Premier Wen Jiabao faced one crisis after another, domestic as well as international. The first crisis began when ... technology by the military. Iraq presented the new leadership with its first diplomatic crisis, which it skated over with remarkable aplomb. Tugged both ways by the North Atlantic split, China's ...

  7. Arms and yuan on the table at US-China talks

    Posted Oct 12th 2011, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com US and Chinese diplomats met yesterday amid rising tensions between the two powers over currency and Washington's arms sales to Taiwan. ... headed towards a final Senate vote on legislation that would retaliate against Beijing for alleged currency manipulation. 'The talks will focus on the currency issue, as the US Senate ...

  8. US, China envoys meet amid tension over arms

    Posted Oct 12th 2011, 12:00am

    ... to the US 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 ... 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 ...

  9. Crisis? What crisis, asks Leung's right-hand man

    Posted Jul 06th 2012, 12:00am

    ... Olga Wong olga.wong@scmp.com The man who ran Leung Chun-ying's election campaign has dismissed suggestions that his administration is in crisis and says Leung can overcome what he called 'difficulties'. Barry Cheung Chun-yuen, an executive councillor, told the South China Morning Post yesterday the administration was not facing a crisis despite seven cabinet ...

  10. U.S. threat on yuan seen as pure politics

    Posted Oct 13th 2011, 12:00am

    ... that an artificially undervalued currency has made Chinese products cheaper and contributed to the loss of American jobs. Still, the bill is unlikely to become law because it lacks the support ... to punish China for its currency practices had been going on since 2005, led by Democrat Senator Chuck Schumer, who has advocated similar legislation under both the Obama and Bush administrations. ...




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