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  1. Comment - Insight & Opinion

    Admit it's a 'Western financial crisis'

    Posted Jan 31st 2013, 12:00am by Alex Lo

    ... in which he named the following: the Asian financial crisis of 1997 and 1998, the Russian financial crisis of 1998, the Brazilian currency crisis of 1998-99 and the Argentine crisis that ended ... Alex Lo alex.lo@scmp.com MY TAKE Admit it's a 'Western financial crisis' Why do we continue to call the recent turmoil the global financial crisis and not, as it should have ...

  2. 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 ...

  3. 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 ...

  4. Comment - Insight & Opinion

    Dangers of a long China-Japan rift

    Posted Sep 23rd 2012, 12:00am by Philip Bowring

    ... Regional co-operation will be even more urgent should another calamity occur- the collapse of the euro zone, which would bring another global financial crisis, huge currency volatility and, quite ... region has enjoyed large external surpluses and strong currencies for the past decade, during which it has built trade and currency co-operation. But global conditions are becoming more ...

  5. Why countries resort to trade protectionism

    Posted Nov 23rd 2009, 12:00am by Michael Pettis

    ... mechanism. During the 1920s and shortly after the onset of the financial crisis beginning in 1929, several countries either abandoned the gold standard or pegged their currencies to gold at levels ... But other countries, most obviously the United States, were sharply constrained in their ability to adjust their currencies. Until the accession to the presidency in 1933 of Franklin Roosevelt, ...

  6. 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 ...

  7. Comment - Insight & Opinion

    US, China play with fire by manipulating housing prices

    Posted Jan 11th 2013, 12:00am by ANDY XIE

    ... weighted towards the labour-intensive service sector and their labour market is still depressed. Inflation in emerging economies only becomes a crisis when their currencies tumble. That moment ... Andy Xie Andy Xie says attempts by the US and China to control housing prices- to try to revive the market in one case, and prevent a crash in the other- will only lead to another crisis ...

  8. Exposed HK in harm's way

    Posted Jun 27th 2011, 12:00am

    ... Kong is not immune from the debt crisis. The local currency's fixed link with the US dollar has locked Hong Kong in a lugubrious embrace with US monetary policy and in an indirect ... crisis since the Great Depression of the 1930s. There are many implications for this crisis, but the one that should be causing sleepless nights is that there is a well-established correlation ...

  9. 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. ...

  10. The bizarre world of East Asian currencies

    Posted Sep 08th 2003, 12:00am by Philip Bowring

    ... East Asian governments and central bankers are again exhibiting head-in-the-sand postures towards currency values. In the mid-1990s, refusal to float or devalue in time was a major cause of the Asian financial crisis. This time, the posture could create a crisis in global trade relations. The imbalance between East Asia and the US has reached grotesque proportions. Inappropriate ...




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