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  • November 28, 2014
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  1. China sees fortunes tied to US economy

    Posted Jun 04th 2009, 12:00am by Cary Huang, Martin Zhou

    ... fortunes are firmly entwined with the world's biggest economy. China is now the largest holder of US government debt, meaning its cash will help underwrite any recovery from the global ... and to secure continued buying of the debt, said Zuo Xiaolei, the chief economist at Galaxy Securities. Mr Geithner's first visit to China included meetings with President Hu Jintao, Premier Wen ...

  2. China, US team up to tackle crisis

    Posted Jun 03rd 2009, 12:00am by Cary Huang

    ... at winning Beijing's co-operation in tackling the economic downturn and at reassuring the central government that its massive investment in US government debt is safe. 'As influential ... During his meetings with mainland officials, Mr Geithner sought to reassure China that its US$768 billion of US government debt remained safe, even as investors dumped Treasury bills. ...

  3. Multi-billion aid deal planned

    Posted Nov 04th 2006, 12:00am by Cary Huang, Shi Jiangtao

    ... Cary Huang and Shi Jiangtao in Beijing Beijing also likely to make debt relief pledges at summit China will offer a multibillion-dollar package, including aid, loans and debt relief, ... big trade deals during the summit, Beijing will make new debt relief pledges and offer aid for infrastructure projects, social development programmes, training and scholarships for students. ...

  4. Beijing facing pressure over aid to rogue states

    Posted Jul 29th 2009, 12:00am by Cary Huang

    ... under fire for loading down already debt-laden countries with more debt. The mainland's state-owned companies have been accused of trampling on human rights and mistreating workers. ...

  5. Keep China's savings safe, Wen tells US

    Posted Mar 14th 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing Premier Wen Jiabao called on Washington to ease Beijing's worries about its huge holdings of US government debt and urged swift reform of the International ... US$2 trillion (HK$2.25 trillion) in currency reserves is invested in US Treasury bills and other US government debt. Mr Wen hinted that Beijing was willing to increase its contributions ...

  6. Beijing willing to help IMF, top banker says

    Posted Mar 24th 2009, 12:00am by Cary Huang

    ... Treasury bills, despite concern voiced by Mr Wen early this month about China's investment in US debt. 'US Treasury bills are an important part of China's foreign exchange reserves ...

  7. Bank earnings may slow but will still lead the world, says regulator

    Posted Feb 27th 2009, 12:00am by Cary Huang

    ... many foreign lenders were fighting for survival amid plunging asset values and heavy bad debts. 'We will stand firm in our guard against any [non-performing loan] rebound, so as to achieve ...

  8. Terrorism and arms control added to agenda of US talks

    Posted Jul 27th 2009, 12:00am by Cary Huang

    ... trillion investment in US government debt, the world's largest such holding. Ms Ulrich said Beijing would urge the Obama administration to provide assurances that the investment would keep its ...

  9. Sino-US talks set direction for recovery

    Posted Jul 30th 2009, 12:00am by Cary Huang

    ... creditor. Washington needs Beijing to keep buying its debt to finance a budget deficit estimated to hit US$1.8 trillion this year. Playing ball US President Barack Obama gave Vice- Premier Wang ...

  10. Shantou's building binge

    Posted Feb 03rd 2009, 12:00am by Cary Huang

    ... government-owned bank, the Shantou Commercial Bank, in 2001 after racking up about 6 billion yuan in bad debts. Local officials said the bank operated as the government's cashier. Professor Cao said that these projects would mean more debts for the local government because it would not get back the cash it spent. 'It will only be repaid by their descendents,' Professor Cao said. In a recent ...




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