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  • July 15, 2014
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  1. Flagging demand saps China's trade

    Posted Jul 11th 2012, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com China's foreign trade lost steam last month as external and internal headwinds crimped demand, piling pressure on the government to step up ... show. The trade surplus in June widened by 42.9 per cent year on year to US$31.73 billion, lending some support to the yuan. The currency fell 0.88 per cent from April through June, the biggest ...

  2. Beijing clears yuan and yen for trade

    Posted May 30th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Beijing has authorised direct trading between the yuan and Japan's yen- only the second currency after the US dollar to have such an arrangement- as part of a push to internationalise the yuan to become widely used in trade, investment and reserves. The move, effective from Friday, would lower currency exchange costs, increase the use of the yuan ...

  3. US trade bill 'breaks W.T.O. rules'

    Posted Mar 08th 2012, 12:00am

    ... Cary Huang and Lulu Chen in Beijing Claiming that a US trade bill targeting Chinese exports violates World Trade Organisation rules, China's commerce minister said yesterday that his ... Commerce Minister Chen Deming reiterated that China would abide only by rules of the international organisations it had joined. 'In terms of economics and trade, for example, we follow ...

  4. Businesses urged to watch out for new trade barriers

    Posted Nov 04th 2011, 12:00am

    ... Trade Organisation's Valentine Rugwabiza, who was in Hong Kong to attend a global business forum on the eve of the G20 world leaders' summit in France. Global trade protectionism ... six months. Rugwabiza said the G20 had shown no new efforts in relaxing or removing existing trade restrictions, particularly those introduced since the onset of the financial crisis in 2008. ...

  5. 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 ...

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

    Posted Oct 05th 2011, 12:00am

    ... 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 ... have the power to veto it. Passage of the legislation 'may lead to a trade war that we don't want to see', the PBOC said, while House Speaker John Boehner said the Senate ...

  7. China's slide into a trade deficit is nothing to do with the yuan

    Posted Mar 29th 2011, 12:00am by Tom Holland

    ... economists in the US capital have blamed America's swelling trade deficit with China on the undervaluation of the yuan. They accuse Beijing of intervening in the foreign exchange market to keep the yuan artificially low in order to steal an unfair price advantage for China's exports in world markets. The result, as they see it, is America's bilateral trade deficit with China. ...

  8. Yuan trade settlement is a huge own goal for Beijing

    Posted May 03rd 2011, 12:00am

    ... billion yuan-worth of China's foreign trade was settled using the currency in the first quarter of 2011, more than two-thirds as much as during the whole of 2010. But although the market's adoption of the yuan for settling international trade has been impressively quick, there is a problem: the consequences have been the exact opposite of what Beijing was trying to achieve. ...

  9. HK sticks to mainland's coat-tails while Asia looks to free-trade deals

    Posted Dec 02nd 2010, 12:00am by Dennis Eng

    ... Dennis Eng As talk of establishing a free-trade area incorporating some of the fastest growing Asian economies intensifies, Hong Kong has quietly prospered through its own exclusive free-trade deal with the mainland. Other than signing a free-trade deal with New Zealand this year, Hong Kong has done little to open up trade further since forging the Closer Economic Partnership ...

  10. The Christmas fairy tale of the iPhone and the US trade deficit

    Posted Dec 24th 2010, 12:00am by Tom Holland

    ... iPhone sold in America this Christmas, the US trade deficit with China will go up by around US$170. (Actually that figure is based on an iPhone 3G. For each iPhone 4, the US deficit goes up ... to this year's US trade deficit with China, which is on target to hit a record US$270 billion (see the first chart below). That means iPhones alone will account for 1 per cent of the bilateral trade ...




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