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  1. News - China - DIPLOMACY

    China and Brazil agree to US$30 billion currency swap deal

    Posted Mar 28th 2013, 12:00am by Bloomberg

    ... Bloomberg in Durban The agreement serves to provide protection during times of financial crises China and Brazil agree US$30b currency deal China and Brazil agreed to establish a swap line of about US$30 billion in their respective currencies as they work to reinforce the clout of the world's largest emerging markets on a global stage. China, the world's second-biggest ...

  2. Can Asian currencies rise to global challenge?

    Posted Aug 26th 2011, 12:00am

    ... Alessandro Magnoli Bocchi Over the past two years, most currencies' exchange rates have fluctuated at an unprecedented pace. This volatility is due to two global policy responses to the 2008 crisis. First, borrowing is cheap. Investors chase opportunities but, given the fragility of global growth, withdraw their money as soon as risks rise. Excess liquidity in a frail ...

  3. Military drills and currency on agenda

    Posted Nov 10th 2011, 12:00am

    ... Teddy Ng in Beijing teddy.ng@scmp.com The United States' involvement in the Asia-Pacific region and Chinese currency reform are expected to top the agenda when President Hu Jintao ... one-on-one meetings with the leaders of Asia-Pacific Economic Co-operation (Apec) forum countries. While the debt crisis lingers in Europe, analysts expect Obama to use the summit in Honolulu ...

  4. Ignore the hawks- capital controls beat currency chaos

    Posted Aug 16th 2005, 12:00am by Tom Holland

    ... to prop up the currency. But even Beijing's US$700 million in foreign reserves would not help much in a fully fledged crisis of confidence. And, of course, if China intervened to buy yuan ... of just 2.25 per cent. Converted into US dollars, that money could earn 3.75 per cent at Citibank in New York or 4.32 per cent in US Treasury bonds. Other currencies offer even higher returns. ...

  5. The currency trap

    Posted Jun 26th 2007, 12:00am by Laurence Brahm

    ... Laurence Brahm laurence@shambhala-ngo.org In 1997, in the midst of the Asian financial crisis, every US congressional delegation, Treasury and State Department visit to the then central ... peg positioning but, rather, of the overall move towards making the yuan a freely convertible currency traded on international exchange markets. While China's policy-makers are pretty ...

  6. Euro debt crisis a win-win for China

    Posted Nov 03rd 2011, 12:00am

    ... A week ago European leaders finally clinched a complex deal to stem the euro zone's financial crisis in time to present a united front at this week's G20 summit on the global economy. There were questions about lack of detail and whether the numbers were big enough to head off another crisis down the road. But at least there was agreement on tackling debt ...

  7. Prepare for renewed yuan strength after a stable year

    Posted Jun 11th 2009, 12:00am by Tom Holland

    ... is the foreign-exchange market stopped expecting the yuan to fall against the US currency and returned to pricing in yuan appreciation. The first of the two charts below illustrates this change of heart ... below the line shows when they have turned bearish on the mainland currency. As the chart shows, the market has mostly expected yuan appreciation since the currency was revalued back in 2005. ...

  8. Europe must wake up to China's role in debt crisis

    Posted Feb 14th 2012, 12:00am

    ... to the continent's debt crisis in the first place. China has been blamed before for causing America's subprime debt crisis. The idea there was that China's lack of a social safety net, coupled with Beijing's low interest rate and currency policies, pushed household and corporate savings in China well above the rate needed to fund domestic investment. This savings glut unleashed a flood ...

  9. Beijing offers to stand by Taiwan amid crisis

    Posted Dec 21st 2008, 12:00am by Will Clem

    ... to provide aid,' he said. Mr Jia, the fourth-most senior leader in the Communist Party hierarchy, called on both sides to join hands to combat the global economic crisis and said that mainland ... recently by Beijing of a series of financial measures apparently intended to boost its clout in the region. Earlier this month, Beijing offered a US$28 billion currency swap to prop up the South ...

  10. Taking easy way out in property crisis

    Posted May 22nd 2006, 12:00am by Mark O'Neill

    ... and not foreign currency, to limit their property speculation; better regulation of the exchange of yuan and foreign currency and ascertain the true reason for the purchase. Other more drastic steps aimed ...




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