Archive for the ‘China’ Category
Geithner Visit: Chinese Economists Skeptical of U.S. Strength
2 Jun 09 | CSM
A survey of 23 experts finds deep concern about Beijing’s large dollar holdings. Read the rest of this entry »
Audience Laughs After Geithner Tells China Its Dollar Assets are Safe
1 Jun 09 | Reuters
U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and reaffirmed his faith in a strong U.S. currency. Read the rest of this entry »
Dollar Suffers as Risk Appetite Soars
1 Jun 09 | FT
The dollar took a battering on Monday as hopes of economic recovery prompted an increase in risk appetite. Read the rest of this entry »
U.N. Drafting Resolution Against North Korea; Pyongyang Threatens South Korea
China Stuck in ‘Dollar Trap’
24/26 May 09 | FT and Telegraph
China’s official foreign exchange manager is still buying record amounts of U.S. government bonds, in spite of Beijing’s increasingly vocal fear of a dollar collapse, according to officials and analysts. Read the rest of this entry »
Chinese Yuan: Next World Currency?
by Nouriel Roubini
14 May 09 | NYT
The 19th century was dominated by the British Empire, the 20th century by the United States. We may now be entering the Asian century, dominated by a rising China and its currency. Read the rest of this entry »
U.S. Lawmakers to Revive China Tariff Bill
12 May 09 | FT
A group of Republican and Democratic lawmakers will on Wednesday revive a bill that threatens to raise tariffs on Chinese goods to punish the country for what they call “currency manipulation”. Read the rest of this entry »
Central Banks Succumb Again to Bullion’s Lure
6-7 May 09 | FT
Ten years ago on Wednesday the UK Treasury sent gold prices tumbling when it announced it would sell a chunk of its gold reserves. Read the rest of this entry »
Chinese Boats ‘Encounter’ U.S. Ship in China Sea
5 May 09 | PTV
Chinese fishing boats have had an encounter with a US Navy ship in the South China Sea.
If China Loses Faith, Dollar will Collapse
by Andy Xie
4 May 09 | FT
Emerging economies such as China and Russia are calling for alternatives to the dollar as a reserve currency. The trigger is the Federal Reserve’s liberal policy of expanding the money supply to prop up America’s banking system and its over-indebted households. Read the rest of this entry »
China Forces Dozens of Mexican Travelers Into Quarantine as Outbreak Declines in Mexico
China has ‘Canceled U.S. Credit Card’: Lawmaker
1 May 09 | AFP
China, wary of the troubled US economy, has already “canceled America’s credit card” by cutting down purchases of debt, a US congressman said Thursday. Read the rest of this entry »
China Still Presses Crusade Against Falun Gong
28 Apr 09 | NYT
In the decade since the Chinese government began repressing Falun Gong, a crusade that human rights groups say has led to the imprisonment of tens of thousands of practitioners and claimed at least 2,000 lives, the world’s attention has shifted elsewhere.
China’s ‘Black Jails’ Uncovered
27 Apr 09 | AJE
Some Chinese seeking help from the central government against local injustices are instead ending up in secret detention centres controlled by local politicians. The politicians are believed to arrange for petitioners to be abducted before they reach Beijing to complain, fearing central government investigations that could hurt their reputations. The central government denies the existence of such “black jails”, as Melissa Chan reports.
Beijing denies any knowledge of the jails. Read the rest of this entry »
China Reveals Big Rise in Gold Reserves
24 Apr 09 | FT
China has quietly almost doubled its gold reserves to become the world’s fifth-biggest holder of the precious metal, it emerged on Friday, in a move that signals the revival of bullion after years of fading importance. Read the rest of this entry »
China Asks Asia to Set Up ‘Reserve Pool’
18 Apr 09 | PTV
The Chinese premier has called for the setting up of an Asian reserve pool to help the region’s economies tackle the economic recession.
China Releases ‘Human Rights Plan’
China’s cabinet released on Monday what it called the country’s first national human rights action plan, a lengthy document promising better protection of a wide range of civil liberties enshrined in the Constitution but often neglected and sometimes systematically violated. Read the rest of this entry »
America: A Superpower No More
by Walter Rodgers
8 Apr 09 | CSM
Decline is occurring more rapidly than we think. It’s time to embrace a new agenda. Read the rest of this entry »
Chavez Says World Now Revolves Around China
8 Apr 09 | VOA News
Venezuelan President Hugo Chavez met Chinese President Hu Jintao Wednesday in Beijing, where he told the Chinese leader the power in the world has now shifted to China.
China Rights Activist Beaten at Cemetery
7 Apr 09 | NYT
Last Saturday was tomb-sweeping day, when the Chinese traditionally honor the dead. Sun Wenguang, a 75-year-old retired university professor, was one of many to visit the cemetery. Read the rest of this entry »
China to Boost Yuan Swaps, Payments on Dollar Concern
2 Apr 09 (Update2) | Bloomberg
China’s leaders, increasingly concerned about the nation’s $740 billion of U.S. Treasuries, are making it easier for trading partners and consumers to do business in yuan.
Summit With No Answers
by Lee Sustar
1 Apr 09 | SWO
The Group of 20 meeting of leaders of the world’s biggest economic powers is marked for failure even before it begins April 1.
Chinese Inmates at Guantánamo Pose a Dilemma
1 Apr 09 | New York Times
The Obama administration must decide whether 17 Uighur Muslims are innocent refugees or dangerous terrorist plotters. Read the rest of this entry »
China Plans Argentina Currency Swap
31 Mar 09 | al Jazeera
Argentina and China have tentatively agreed to swap currency equivalent to $10bn in order to enable South America’s second-largest economy to avoid using dollars in its bilateral trade.
Ahead of G-20, China Questions US’s Financial Dominance
30 Mar 09 | The Christian Science Monitor
China’s deep reserves and continued growth put it in a position of strength. Read the rest of this entry »
