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  • August 20, 2014
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  1. 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 ...

  2. European Union to seek action on rising trade, currency imbalances

    Posted Nov 13th 2007, 12:00am by Tom Miller

    ... to cut into the trade surplus,' said Ben Simpfendorfer, chief Asian strategist at RBS. The weakness of the yuan against major European currencies was a major reason why the EU had become ...

  3. 'Easier' yuan spurs foreign-fund wave

    Posted Dec 15th 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Investors have pumped billions of yuan into mainland projects since Beijing allowed the local currency to be used instead of US dollars for foreign direct ... released. Most of the 74 projects were small, with only 13 valued at above 300 million yuan. Beijing is moving to internationalise the currency by removing restrictions on how the yuan is traded ...

  4. Yen for yuan policy is the usual yawn

    Posted May 31st 2012, 12:00am

    ... Jake van der Kamp jake.vanderkamp@scmp.com Beijing has authorised direct trading between the yuan and Japan's yen- only the second currency after the US dollar to have ... declaration from Beijing about how China is freeing up the yuan to make it a more international currency. But look a little more closely and each time it is just a tiny little nibble or no more than ...

  5. Payment paradox prevents the yuan from going global

    Posted Feb 27th 2012, 12:00am

    ... hope to pay for its oil in yuan unless the currency is fully convertible, and later in the week we'll examine what's stopping Beijing from relaxing its capital controls. First: oil. ... currency, capturing both the international prestige and hard economic benefits they believe accrue to the United States from being able to pay for its own imports with what amount to IOU notes. ...

  6. Despite chatter, yuan revaluation unlikely

    Posted Mar 18th 2008, 12:00am by Tom Holland

    ... Tom Holland As the US dollar has continued to slide on international foreign exchange markets, speculation has mounted that the fall of the US currency will force Beijing into a one-off ... with the Chinese currency appreciating 3 per cent since the beginning of the year. In the same time, however, the US dollar has weakened drastically against other leading currencies as the extent ...

  7. Strong yuan sets off alarm on payments gap

    Posted Mar 18th 2008, 12:00am by Denise Tsang

    ... currency's rise of about 17 per cent since its revaluation in 2005 or 3 per cent since January. The yuan's exchange rate jumped to a record of 7.08 against the dollar yesterday. ...

  8. Beijing clears yuan and yen for trade

    Posted May 30th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Beijing has authorised direct trading between the yuan and Japan's yen- only the second currency after the US dollar to have such an arrangement- as part of a push to internationalise the yuan to become widely used in trade, investment and reserves. The move, effective from Friday, would lower currency exchange costs, increase the use of the yuan ...

  9. Beijing eases rules on using offshore yuan

    Posted Oct 15th 2011, 12:00am

    ... moves to internationalise the Chinese currency. The development could encourage more companies to issue yuan-denominated bonds or shares in Hong Kong, which is emerging as the world's major yuan trading centre. Hong Kong's yuan investors have profited from the appreciation of the currency, which has gained more than 20 per cent against the US dollar since 2004. But companies ...

  10. Heavyweight US team can expect only limited success

    Posted Dec 13th 2006, 12:00am by Tom Holland

    ... be Beijing that determines the value of the currency over the long run. This does not mean China will entirely rule out a more rapid appreciation of the yuan against the US dollar. Indeed, Chinese ... to about 6 per cent (see chart). But Beijing is comfortable with this rise, partly because the US dollar has itself been falling against other major currencies. As a result, despite the 6 per cent ...




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