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  • September 23, 2014
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  1. New reserve currency on BRIC talks agenda

    Posted Jun 10th 2009, 12:00am by Staff Reporter

    ... by the financial crisis, including the need for an alternative international reserve currency as the US dollar continues its bumpy ride. Four meetings totalling about five hours have been scheduled ... and raising the overall voice and influence of the developing countries. 'Especially at this time of financial crisis... it is important to the economic recovery of the world.' The four ...

  2. Dialogue vital on issues that define our times

    Posted Jul 03rd 2009, 12:00am by Staff Reporter

    ... financial crisis had exposed shortcomings. But he acknowledged that the dollar was still the global reserve currency and said China hoped it would remain stable. This is a sensible response. China ... of the dollar as the world reserve currency, denying that it is pushing for discussion on reform at the G8 summit. At the same time, he has reaffirmed China's interest in reducing the dollar's ...

  3. Study shows climate concern high in HK

    Posted Nov 27th 2008, 12:00am by Staff Reporter

    ... Ng Kang-chung Hongkongers still care about climate change despite the financial crisis, but are less willing to live a greener life, according to a global survey. Findings showed 23 per cent of residents rated climate change as the most important world issue- the second highest percentage, following Mexico with 28 per cent. In Britain and the United States, only 10 and 8 per ...

  4. China fights climate tariff ahead of G8

    Posted Jul 03rd 2009, 12:00am by Shi Jiangtao

    ... system. The idea of an alternative global reserve currency has been floated by some emerging powers since the global financial crisis hit last year. China first raised the idea in March. Mr He ... Shi Jiangtao and Kristine Kwok in Beijing China has staked out its positions on climate change and the international currency system ahead of next week's Group of Eight summit, ...

  5. China's G8 pull-out to have little impact

    Posted Jul 09th 2009, 12:00am by Cary Huang

    ... This year's summit was set to address various issues, including co-ordination among countries during the global financial crisis, climate change, food and energy security, and trade issues. Royal Bank ... that the world needs to start seeking a new global reserve currency as an alternative to the US dollar. Beijing has floated the idea of an alternative to the US dollar as the reserve currency and wants ...

  6. Nuclear crisis puts HK energy goals in doubt

    Posted Mar 19th 2011, 12:00am by Staff Reporter

    ... Cheung Chi-fai Hong Kong will consider the implications of the Fukushima nuclear crisis and its impact on the nuclear industry before deciding whether to harness more nuclear energy from the mainland, environment officials say. The unfolding crisis has led a number of nations to review the role and safety of nuclear power, with China ordering safety checks at all existing plants ...

  7. Riots only a taste of global crisis to come

    Posted Jan 17th 2011, 12:00am by Gwynne Dyer

    ... Gwynne Dyer If all the food in the world were shared out evenly, there would be enough to go around. That has been true for centuries now. However, it won't be true much longer. Food riots began in Algeria recently, and they are going to spread. Duri ...

  8. Diversion won't end water crisis, report says

    Posted Aug 16th 2010, 12:00am by Toh Han Shih

    ... damaging infrastructure projects like this will not solve Beijing's water crisis.' Owing to shortages, the city's per capita water use has dropped by about one-third in the past 20 ... has long been a problem, 'today, the crisis remains unabated'. To slake Beijing's thirst, the central government began planning a water diversion project back in the 1950s, ...

  9. US, China need to talk about things they can do

    Posted Jul 30th 2009, 12:00am by Staff Reporter

    ... there is need for improvement is in broaching their disagreements. China's policy on its currency's exchange rate is among the biggest bones of contention for the US. The US military presence ... evident in Treasury Secretary Timothy Geithner's sidelining of currency issues in negotiations between his side and that of his co-chairman, Vice-Premier Wang Qishan. US Secretary of State ...

  10. Run focuses on water crisis

    Posted Mar 29th 2010, 12:00am by Staff Reporter

    ... to help solve the water crisis. Many athletes, including swimmer Sherry Tsai Hiu-wai, cyclist Sam Yu Sum-yee and windsurfer Cheng Kwok-fai, will join the activity in Hong Kong. The race will start ...




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