Fresh from yet another meeting in Brussels on Europe's debt crisis, International Monetary Fund (IMF) managing director Christine Lagarde yesterday kicked off a three-country tour of Southeast Asia, which is thriving after emerging from turmoil more than a decade ago.Thursday, 15 November, 2012, 5:02am
Yet another research report about how the yuan is set to challenge the US dollar as the world's dominant reserve currency popped into my e-mail inbox yesterday.
I've been sent dozens of these in recent months. The standard of the analysis varies widely, and their length ranges from a few pages to a few hundred. But on the whole they follow the same reasoning.23 Aug 2012 - 7:21am
New discoveries of natural resources in several African countries raise an important question: will these windfalls be a blessing that brings prosperity and hope, or a political and economic curse, as has been the case in so many countries?13 Aug 2012 - 11:14am
The International Monetary Fund called China's currency 'moderately undervalued' and expressed confidence the mainland economy will grow by 8 per cent this year - faster than the government's target.26 Jul 2012 - 12:00am
The International Monetary Fund gets a terrible press. It's not always deserved.
Over the last few days the IMF has taken a hammering following the publication of a resignation letter sent to the fund's board by one senior official.26 Jul 2012 - 12:00am
The euro zone crisis rumbles on. Just when European policymakers reach a semblance of consensus, further twists emerge, rendering each action one step behind the rapidly unfolding events.12 Jul 2012 - 12:00am
China's foreign trade lost steam last month as external and internal headwinds crimped demand, piling pressure on the government to step up measures to bolster the flagging momentum.
Exports rose 11.3 per cent from a year ago to US$180.21 billion last month, slowing from the 15.3 per cent increase in May, according to the General Administration of Customs.11 Jul 2012 - 12:00am
There has been a lot of misguided chatter over the last five years about how China's economy has been rebalancing towards a more healthy and sustainable growth trajectory.
Now, however, it may finally be beginning to happen.
Seen from the outside, it looks like China's economy has been rebalancing ever since 2007.9 Jul 2012 - 12:00am
It's a poor climate for investing. Equities are volatile and prone to regular sell-offs on euro-zone-related news. Hong Kong interest rates are low, depressing yields on deposits and bonds. The sole investment bright spot - yuan-denominated instruments - are dimming somewhat as the outlook for yuan appreciation starts to cool.9 Jul 2012 - 12:00am
Foreign direct investment (FDI) from China fell for the first time in nine years in 2011 as the eroding value of businesses in developed nations put merger and acquisition plans on hold.7 Jul 2012 - 12:00am
Not won over by Yam's arguments
Joseph Yam Chi-kwong is an honest person.
I once praised him, through these columns, for his 'honesty in admitting being slow in problem recognition'. With his recent exposition on the future of Hong Kong's monetary system, I observe further instances of his candour.26 Jun 2012 - 12:00am
The growing financial might of China and the other nations of the BRICS group is well known, but underappreciated. Their US$85 billion pledge this week to the International Monetary Fund's crisis-fighting reserves for Europe make plain just how important they have become.22 Jun 2012 - 12:00am
China is expected to show its commitment to injecting resources into the International Monetary Fund to help Europe in the G20 summit in Mexico, but the contribution will come with a condition - that emerging markets are better represented in the IMF, analysts say.18 Jun 2012 - 12:00am
Joseph Yam Chi-kwong thinks Hong Kong should ditch its long-standing currency peg to the US dollar.
Instead, the former Hong Kong Monetary Authority (HKMA) boss is proposing that the Hong Kong dollar should be managed in a flexible 'corridor' against either the US dollar, the yuan, or perhaps an undisclosed basket of currencies.13 Jun 2012 - 12:00am
When world leaders gather for the G20 summit in the Mexican beach resort of Los Cabos on Monday, inevitably it will be the euro crisis that dominates their discussions to the exclusion of almost everything else.
That's a shame, because there will be some good ideas on the table - ideas that deserve more attention than they are likely to get.12 Jun 2012 - 12:00am