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  1. Debt crisis and market access top summit agenda

    Posted Oct 20th 2011, 12:00am

    ... Teddy Ng in Beijing teddy.ng@scmp.com China and the European Union will seek mutual assurances over stabilising the deepening European sovereign debt crisis at a summit on Tuesday, when ... affairs specialist at Fudan University, said that China, having purchased euro bonds, would be concerned about the outcome of Sunday's Brussels summit on tackling Greece's debt ...

  2. Arms sales and debt top agenda

    Posted Aug 06th 2011, 12:00am

    ... Teddy Ng in Beijing teddy.ng@scmp.com United States Vice-President Joe Biden will visit China later this month, as Beijing is showing growing concerns about the ongoing US debt crisis ... visit came after the US Senate voted to raise the nation's debt ceiling, but Beijing - the largest holder of US Treasury bonds - said the effects of the debt crisis would still linger. ...

  3. US debt debate not democracy at best

    Posted Jul 27th 2011, 12:00am

    ... Hillary Rodham Clinton tried to put the best gloss on America's debt debacle. 'These kinds of debates have been a constant in our political life throughout the history of our ... foreign holder of US treasuries and has much at stake as the US gets closer to its August 2 deadline to raise the US$14.3 trillion debt ceiling. But a lot of people must be wondering, ...

  4. The dilemma for HK if US defaults on its debts

    Posted Jul 29th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Hong Kong faces a dilemma as the prospect of an unprecedented US debt default looms large- it needs to keep buying US dollar assets to maintain its sensitive currency peg, yet at the same time try to protect the value of the city's wealth. 'If the US defaults on its debt, Hong Kong would be very susceptible given its large exposure to dollar ...

  5. Debt crisis tops agenda of Wen trip

    Posted Jun 24th 2011, 12:00am

    ... Europe's deepening sovereign debt crisis and rising Sino-European financial co-operation will be the main talking points for Premier Wen Jiabao and his hosts on a three-stop visit ... to combating the debt crisis. In October, Wen said China was ready to buy an unspecified amount of bonds from debt-plagued Greece. With worries about Greece's financial and political situation ...

  6. US debt limit is no political toy

    Posted May 31st 2011, 12:00am

    ... trillion ceiling on US federal debt, a level that was reached on May 16. Unless and until Congress raises the ceiling it means that the US government cannot borrow any more money. Treasury Secretary Timothy Geithner has said that he can juggle with the accounts until August 2, but that is the outside limit. It should be a simple matter, since after all Congress has raised the debt ...

  7. Sale of buildings could help cut Britain's debt

    Posted Jun 23rd 2010, 12:00am by Richard Warren

    ... Richard Warren in London The British government may sell millions of pounds worth of property to help pay off its national debt. The British state, including central government departments; devolved Welsh, Scottish, and Northern Irish assemblies; and local governments, is the country's biggest landlord and owns 10.7 million square metres of built space. The government ...

  8. When a nation's borrowing goes bad

    Posted Oct 04th 2011, 12:00am

    ... Arthur Chan Definition of an odious debt The word 'odious' means vile and revolting. But what do we really mean when we say that a debt is bad; isn't all debt bad? Well, odious debt is a defence used in international law to settle national debts. When a new government comes into power, it usually takes over the debt incurred by the previous government. However, ...

  9. Debt ceiling may have to be raised

    Posted Mar 27th 2009, 12:00am by Staff Reporter

    ... Woods Lee in Beijing Beijing may have to exceed its previously announced 200 billion yuan (HK$226.88 billion) ceiling on local government debt issues, a Ningxia provincial official said ... reportedly been granted debt issues totalling about 100 billion yuan, ranging from 3 billion yuan for Xinjiang to 18 billion yuan for Sichuan. Although half of the original 200 billion yuan has been ...

  10. Americans abroad: a debt to Hong Kong

    Posted Oct 18th 2008, 12:00am by Edith Terry

    ... reverberations of US policy. As Americans abroad, we carry a dual responsibility, to our nation and to others. In Hong Kong, I would go farther, and say we owe a debt of gratitude, to the strong legal ...




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