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  • November 29, 2014
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Results 1 - 10 of 16 for government of the people's republic of china

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  1. Business - Comment - MONITOR

    George Osborne is wrong about China and the yuan

    Posted Feb 21st 2014, 12:24am by Tom Holland

    ... Committee adviser Yu Yongding explains, "this is a fundamental problem with the People's Bank of China's roadmap for [yuan] internationalisation". He ought to know. Just ... and the yuan British government ministers do like visiting this part of the world. Prime Minister David Cameron was in China in December, attempting to promote British exports ("Do we buy anything ...

  2. Business - Comment - MONITOR

    More immigration has not seen Singapore surpass Hong Kong

    Posted Feb 01st 2013, 12:00am by Tom Holland

    ... Tom Holland While the Lion City's more open immigration policy may have boosted its overall GDP, Hong Kong is still better off on a per-head measure Letting in more people has ... influx of immigrants. Today, two million of the island republic';s population are outsiders. Despite a rising sense of grievance among native Singaporeans at this inflow, the government ...

  3. Business - Comment - MONITOR

    Conspiracy theories abound about China's gold purchases

    Posted Feb 11th 2014, 01:51am by Tom Holland

    ... The last time the People's Bank of China revised the figure for its gold reserves was in April 2009, when it admitted to holding 1,054 tonnes of the stuff. Given the sheer size of China ... China's gold purchases China's huge appetite for gold has inspired dozens of conspiracy theories. They are all nonsense. Yes, it is true that China has been buying an awful lot of gold ...

  4. Business - Economy - MONITOR

    Immigration and reclamation won't raise living standards

    Posted Feb 18th 2014, 04:34am by Tom Holland

    ... while all of Singapore's immigration and reclamation might have inflated official egos, it has done little or nothing to boost ordinary people's living standards. There's little ... won't raise living standards John Tsang obviously doesn't read the South China Morning Post. That's a shame, because if he did, Hong Kong's financial secretary might just save ...

  5. Business - Comment - MONITOR

    Beijing's financial reforms will push up interest rates

    Posted Jan 16th 2014, 11:41pm by Tom Holland

    ... scrapped its minimum lending rates, in theory allowing banks complete freedom to set interest rates on loans to commercial customers. Then last month the People's Bank of China allowed ... will advance the rebalancing so desperately needed if China's economic development is to switch to a more sustainable trajectory. Of course, the People's Bank of China won't ...

  6. Business - Comment - MONITOR

    Nothing new in Beijing's latest 'clampdown' on shadow loans

    Posted Jan 08th 2014, 03:33am by Tom Holland

    ... month: it appears to contain nothing new. In its first-quarter monetary policy report last year, the People's Bank of China detailed the risks shadow banking poses to the regular financial ... 30 per cent of all new credit extended in China over the period (see the first chart). Many of these loans go to local government-backed property and infrastructure projects, often ...

  7. Business - Economy - MONITOR

    Beijing sets irreconcilable economic targets for 2014

    Posted Dec 16th 2013, 04:28am by Tom Holland

    ... in 2014. That's likely to be announced at March's meeting of the National People's Congress (although it may well be leaked in advance). However, the statement's emphasis ... their policy aims appear to diverge. In recent years Beijing has maintained China's rapid growth rates by keeping interest rates low and encouraging state sector industries and local governments ...

  8. Business - Comment - MONITOR

    Selling down China's reserves could ease domestic problems

    Posted Oct 23rd 2013, 03:17am by Tom Holland

    ... help trim Beijing's exposure to US government debt, but it would also have a big effect on monetary conditions within China. When the People's Bank of China built up its reserves, ... Tom Holland Emptying part of this US$3.66 trillion piggy bank would also help reduce the country’s overexposure to US Treasury debt Selling down China's reserves could ease domestic ...

  9. Business - China Business - MONITOR

    Don't expect answer from China local government debt audit

    Posted Aug 02nd 2013, 12:00am by Tom Holland

    ... to local governments at 9.2 trillion yuan. Then the People's Bank of China came out and said that borrowing by local governments could have been as high as 14.4 trillion, or 36 per cent ... answer from local government audit The announcement last Sunday that China is to conduct an urgent audit of local government debt shocked markets, triggering a 1.7 per cent fall in the Shanghai ...

  10. Business - Comment - MONITOR

    Despite default risk, Beijing is stuck with US Treasury debt

    Posted Oct 16th 2013, 12:00am by Tom Holland

    ... at independent research house Capital Economics, the People's Bank of China also bought as much as US$90 billion in foreign exchange during the third quarter to prevent the yuan from appreciating. ... This nervousness is understandable. At the end of last month, China held a record US$3.66 trillion in official foreign exchange reserves. Much of that money is invested in US government debt. According ...




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