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  1. Beijing's level of debt casts doubt on credit rating

    Posted May 15th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Beijing faces a bumpy road ahead as it tries to wean itself from relying too heavily on investment to drive the economy, and as debt accumulated during ... a sovereign credit perspective, debt migration from the rest of the economy onto the government balance sheet was raising concerns. Apart from central government debt, contingent liabilities ...

  2. China bank stocks seen as way to go despite bad debt fears

    Posted Jan 05th 2012, 12:00am

    ... May Chan and Anita Lam Investors are being advised to keep believing in the China story and overweight mainland bank and consumption stocks despite fears that global economic turmoil and an unfolding bad-debt crisis at home will stunt growth. Howard Wang, head of the Greater China Team of JP Morgan Asset Management, said the company had increased its exposure to mainland banking stocks ...

  3. China take on Greek debt? That would be thoroughly silly

    Posted Sep 18th 2011, 12:00am

    ... that China's large holdings of American sovereign debt can be translated into job-creating investment. In exchange for these concessions, he told a World Economic Forum talk shop in Dalian ... that it is prepared to perform this kowtow. The future of the euro is in doubt. Unless Germany and France undermine their own fiscal standing by underwriting dubious Greek sovereign debt, Greece may have ...

  4. A summer of discontent with high debt and no confidence in policy tools

    Posted Aug 06th 2011, 12:00am

    ... Andrew Sheng July was a silly month. Europe tried to stem a debt crisis with seemingly half its population on summer leave. Britain was obsessed with the Murdoch case, while the US tried frantically to avert a debt default. Luckily, the US Congress proved Winston Churchill right this month, that Americans could be counted on to do the right thing- after they had exhausted all other ...

  5. Ask our experts

    Posted Aug 15th 2011, 12:00am

    ... and ageing demographics, as well as excess debt and stagnant incomes, living standards have begun dropping in the advanced world' and will likely continue that way for years, says Wolter. ... recession, successfully preventing a great depression, but now are dealing with the consequences- downgrades, debt burdens, deleveraging and disappointing growth. Leung does not believe the downgrade ...

  6. For Europe, Chinese help will come at a heavy price

    Posted Feb 16th 2012, 12:00am

    ... in its debt crisis. On Tuesday, Premier Wen Jiabao declared that 'China is ready to get more deeply involved in participating in solving the European debt issue'. Then yesterday central bank boss Zhou Xiaochuan promised that the People's Bank of China, which manages US$3.2 trillion in foreign exchange reserves, would continue to invest in the sovereign debt of European ...

  7. Business - Economy - JAPAN

    Slack demand hits Japan's exports for third month

    Posted Sep 21st 2012, 12:00am by BLOOM

    ... Bloomberg in Tokyo Central bank ends minimum return on bond purchases in move to stimulate economy Bank of Japan drops debt target Japan's exports fell for a third month in the year ... for adding stimulus to the economy even as a goal of ending deflation remains out of reach. The central bank scrapped the requirement for regular purchases of government debt, currently set at 1.8 ...

  8. China's forex dilemma: switch and the world shudders

    Posted Jul 26th 2006, 12:00am by Tom Holland

    ... buying foreign currency to manage its exchange rate, 98 per cent of what it buys is US dollars. Most of that is parked in US Treasury bills and agency debt. The central bank's reserve ... reduced its holdings of US Treasury and agency debt to about half its total reserves are almost certainly wrong. They are based on the US Treasury's figures which show Chinese investors ...

  9. The case against austerity growing

    Posted Apr 28th 2012, 12:00am

    ... It is not long since Premier Wen Jiabao urged Europe to put its house in order in return for help with its debt crisis. Now Europe is a house divided by a groundswell of popular resistance ... But there must be a growth dividend if weaker countries are to escape from a debt trap and European unity is to be safeguarded. More consensus on the need for growth policies doesn't throw any light ...

  10. Asian demand to 'extend gold's bull run'

    Posted Jun 27th 2012, 12:00am

    ... in the long term despite the deepening European sovereign debt crisis sending gold prices down from the record high of US$1,923.70 an ounce seen in September last year. Gold, a safe-haven asset, has ... of government bonds and other debt instruments by the central bank, did not materialise. However, comments by US central bank head Ben Bernanke had some analysts thinking it may be deferred instead ...




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