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  • October 21, 2014
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  1. 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 ...

  2. Lessons from US debt farce

    Posted Aug 02nd 2011, 12:00am

    ... had agreed on a deal to raise the country's US$14.3 trillion debt ceiling just in time to avoid a default today. Even before the deal's approval by Congress, a lively inquest has ... States but also the world as a whole'. It called on America to kick its 'debt addiction'. People's Daily kept up the pressure, warning that a US debt default could weaken ...

  3. SAFE issues warning over short-term debt

    Posted Aug 03rd 2004, 12:00am by Elaine Chan

    ... short-term foreign debt, as Beijing tries to control the flow of hot money into the domestic financial system. State Administration of Foreign Exchange (SAFE) chief Guo Shuqing warned in Beijing yesterday that the proportion of short-term loans in the total foreign debt burden exceeded international standards and was expanding to a dangerously high level. The remarks, as reported ...

  4. Moody's raises debt ceiling

    Posted May 26th 2006, 12:00am by Staff Reporter

    ... Cameron Dueck Financial rating agency Moody's Investors Service yesterday raised the ceiling for foreign currency debt ratings on financial institutions in several Asian economies, including Hong Kong, in the belief their governments would give the private sector access to foreign currency in the event of a debt crisis. This raised the rating of some foreign-currency debt ...

  5. Don't worry about the US economy, worry about China

    Posted Aug 21st 2009, 12:00am by Tom Holland

    ... hoard of US treasury debt, financed by its huge current account surplus; one side of the global financial imbalance blamed for causing the economic downturn. Now, however, that imbalance ...

  6. World needs China and the US to work together

    Posted Mar 14th 2009, 12:00am by Staff Reporter

    ... assets. His tone was unexpected. His words come days after US Secretary of State Hillary Rodham Clinton assured China's leaders that Treasuries and other government debt would remain reliable ... own house in order to ease fears that the US dollar's value will fall under the weight of debt and lead to a huge loss in the value of China's reserves. What is clear is that China ...

  7. Economic sickness is spreading, but world leaders are at a loss to find cure

    Posted Jun 02nd 2012, 12:00am

    ... billion (HK$2.9 trillion) of external public debt and probably defaults on Euro155 billion owed to the euro system (the European Central Bank and national banks). A Greek exit will lead, as some finance ministers have warned, to a flight from banks and sovereign debt across the euro periphery, not just in Spain, and put pressure on the ECB. The euro system's claims on troubled ...

  8. 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 ...

  9. Global reserve currency proves to be a curse for the issuing country

    Posted Oct 15th 2011, 12:00am

    ... with greater liquidity. Over the long term, the cumulative current-account deficits would turn into a large debt overhang. Triffin wrote about the dilemma in the late 1960s, when the US was struggling ... debt crisis today. Today, there is sufficient awareness that the shift from a unipolar world to a multipolar global financial system carries with it great risks and unknowns. The unipolar world ...

  10. 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 ...




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