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  1. New US yuan act fails to clear crucial WTO trade-law hurdle

    Posted Oct 26th 2011, 12:00am

    ... Oversight Reform Act of 2011 passed by the US Senate two weeks ago is not only economically misguided, it suffers from a fatal legal flaw, according to the World Trade Organisation's (WTO) ... themselves an unfair trade advantage. China is not mentioned, but it is the obvious target. The bill's supporters believe that under international trade laws, China's persistent ...

  2. Beijing widens yuan trading band

    Posted May 19th 2007, 12:00am by Cary Huang

    ... Cary Huang in Beijing Triple moves to cool economy, ease surplus The central bank has widened the yuan's trading band against the US dollar, allowing faster appreciation of the currency to cool the economy and ease growth of a trade surplus that has strained ties with the US. The move comes days ahead of a key Sino-US meeting. The yuan will be allowed to fluctuate 0.5 per ...

  3. U.S. threat on yuan seen as pure politics

    Posted Oct 13th 2011, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com Analysts say a US bill threatening Beijing with tariffs if it does not lift the value of the yuan is politically motivated and would do nothing ... States to be taking this step at this moment in time poses a very severe risk of a trade war and unintended consequences that could come as a result,' House Speaker John Boehner said ...

  4. Strong US dollar may be what starts yuan's global rise

    Posted Apr 09th 2012, 12:00am

    ... With US dollars harder to obtain, trading companies and financial institutions will begin to look for viable substitutes. With China already the world's biggest trading economy, the yuan would be an obvious candidate. And if China swings from a trade surplus to a deficit over the coming years as some researchers believe, there could be a sizable potential yuan supply to meet ...

  5. Sino-US summit offers energy giants chance to avoid power play

    Posted Feb 20th 2006, 12:00am by Wang Xiangwei

    ... blasting China over trade, the value of the yuan, intellectual property rights, internet censorship, human rights and so on. To add further excitement, Taiwanese President Chen Shui-bian made ... meeting between President Hu and US President George W. Bush. While friction over trade, currency and intellectual property rights will no doubt grab media attention, one test of China's ...

  6. Yuan rate does not dictate US deficit

    Posted Jul 11th 2007, 12:00am by Tom Holland

    ... over US$14 billion last month. Even if the yuan were to rise by another 10 per cent tomorrow, it is unlikely the change would have much impact on the US trade deficit. Sure, the corresponding ... Tom Holland Yesterday's news that the mainland racked up a record US$26.9 billion trade surplus last month will only lead to more strident calls for Beijing to raise the value of its ...

  7. US wise not to press too hard on yuan

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

    ... second only to Japan as a lender to the US. In any case, it is also doubtful whether a revaluation of the yuan on its own would be effective in reducing the US trade deficit. Most of the goods ... political pressure to set a deadline for Beijing to allow the yuan to rise in value. Many in the US, including politicians and supporters of its manufacturing sector, blame an undervalued yuan ...

  8. News - World - BRIEFS

    Briefs, February 17, 2013

    Posted Feb 17th 2013, 12:00am by AGENCIES

    ... in setting up offshore shell entities. Bloomberg   Third family member has Sars-like virus LONDON- A third member of a family has been diagnosed in Britain with a potentially fatal Sars-like virus. ... hens, sparking an egg crisis. AFP   Brokerage targeted over Heinz deal plot WASHINGTON- US federal regulators allege a brokerage account in Switzerland was used for illegal insider trading ahead ...

  9. Talk of trade war is too frightening

    Posted Oct 12th 2011, 12:00am

    ... on China's trade policies, in which he accused it of 'gaming' the system to its advantage by keeping the yuan weak. This came after US Federal Reserve chairman Ben Bernanke told ... For years now wiser heads have prevailed over attempts in the US to punish China for holding down the value of the yuan. The issue has remained contained within bilateral dialogue. ...

  10. Beijing warns of 'trade war' over US currency bill

    Posted Oct 05th 2011, 12:00am

    ... 'seriously violated rules of the World Trade Organisation'. Ministry of Commerce spokesman Shen Danyang said the United States was trying to pass on the blame for its own failings. 6.38 The yuan ... Cary Huang in Beijing cary.huang@scmp.com Beijing has warned Washington that it risks triggering a trade war with legislation being considered by the US Senate that would punish China ...




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