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  1. 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 ...

  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. 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 ...

  4. 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 ...

  5. Warning that America could face its very own Suez crisis

    Posted Aug 31st 2011, 12:00am

    ... be heading for its very own version of the 1956 Suez crisis, in which Britain was forced to abandon its remaining pretensions of international power. The crisis was precipitated by Egyptian president ... The military operation went smoothly enough. But for Britain the crisis precipitated by its seizure of the Suez canal was not military but financial. At the time Britain, like other countries, ...

  6. 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 ...

  7. 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 ...

  8. All gain and less pain in letting dollar float free

    Posted Dec 10th 2010, 12:00am by Staff Reporter

    ... value during the 1989 political crisis and the 1997 Asian financial crisis. As the years have passed and people have become used to it, the currency link has become a sacred cow that nobody can ... Lau Nai-keung Ever since the establishment of the currency peg regime in 1984, there have been periodic public debates about when and how this should be changed. After the handover, ...

  9. US putting dollar status at risk, economist says

    Posted Jan 17th 2011, 12:00am by Lulu Chen

    ... Lulu Chen As the US abuses the trust of creditor nations like China and Russia, it raises the threat of the dollar losing its reserve currency status, HSBC chief economist Stephen King said. 'In time, the US will find other countries beginning to improve their reserve currency status, but that will take a long time to happen,' said King. 'In 10 or 20 years, ...

  10. 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, ...




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