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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. 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 and his US counterpart Barack Obama meet during the Apec summit starting today in Hawaii. Hu will elaborate on China's stance on global economic policy, regional development and hold ...

  3. US currency bill 'a threat to trade ties'

    Posted Oct 11th 2011, 12:00am

    ... Teddy Ng in Beijing teddy.ng@scmp.com Beijing has warned again of a 'trade war' if the United States enacts a law making it easier to impose retaliatory tariffs on China for alleged currency manipulation. Vice Foreign Minister Cui Tiankai told a media briefing yesterday- just before US lawmakers head towards a final Senate vote- that the currency bill would hinder ...

  4. Counterfeit US currency probe nears the end of the road

    Posted Jun 20th 2007, 12:00am by Staff Reporter

    ... Greg Torode An intriguing Hong Kong sideshow to the US Treasury Department's crackdown on North Korea in Macau is poised to reach its conclusion. US authorities will soon obtain more than US$2.67 million from Hong Kong bank accounts linked to trade in North Korean counterfeit US currency and cigarette smuggling, according to Hong Kong government officials. The funds have ...

  5. 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 ... in Phuket, Asian governments were mostly ganging up on a United States that wants them to liberalise their currency regimes, which would cause most to appreciate against the dollar. But they have ...

  6. Some more crazy ideas for replacing the HK dollar peg

    Posted Dec 30th 2010, 12:00am by Tom Holland

    ... with Tom Holland Last week this column endeavoured to explain why it would be a bad idea for Hong Kong to peg its currency to the yuan at any time in the foreseeable future. Although an exchange rate link to the Chinese currency would be technically possible even though it is not freely convertible, the column argued that pegging to the yuan would deprive Hong Kong of its ...

  7. Trade surplus up 22.7pc even as imports surge

    Posted Feb 16th 2008, 12:00am by Denise Tsang

    ... 'China's exporters still face headwinds as the US economy slips into a possible recession and as the yuan appreciates,' he said. Fresh pressure on the sensitive currency issue came from ... a bill to narrow the Sino-US trade gap. The bill, which has stalled in Congress for about two years, would define currency manipulation as a subsidy under trade laws. It would allow companies ...

  8. 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 ...

  9. US, China envoys meet amid tension over arms

    Posted Oct 12th 2011, 12:00am

    ... 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 ... in Beijing, just hours before US lawmakers headed towards a final Senate vote on legislation that would retaliate against Beijing for alleged currency manipulation. 'The talks will focus ...

  10. Strong US dollar may be what starts yuan's global rise

    Posted Apr 09th 2012, 12:00am

    ... will ascend. It sounds plausible at first. But dig a little deeper, and it emerges that far from it being the US currency's weakness that will propel wider international use of the yuan, it could be the US dollar's strength. In recent decades, the world has got used to using the US currency. Most of the world's trade is priced and settled in US dollars, even if the goods traded ...




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