Monthly Archives: April 2009

Interview in the Boao Asia Forum


The top Chi­nese busi­ness dai­ly, 21st Cen­tu­ry Busi­ness Her­ald, pub­lished sev­er­al spe­cial edi­tions at the recent Boao Asia Forum. Here’s an inter­view with me on the Aus­tralia-Chi­na FTA, Australia’s invest­ment poli­cies, quar­an­tine bar­ri­ers and the future of the Ren­min­bi as a ‘reserve’ cur­ren­cy.

Google Trans­late takes its best shot here.

Dawn, ANZAC day 2009

Shrine, after the ceremony

A few snaps—taken after the sun came up.

China’s gold

Shoring up the case?

Chi­na has qui­et­ly almost dou­bled its gold reserves to become the world’s fifth-biggest hold­er of the pre­cious met­al” Extract from Finan­cial Times

Fund’s gloom overdone?

What is with the Inter­na­tion­al Mon­e­tary Fund?“Extract from Lex in the Finan­cial Times

An economic ‘theory of everything’

There is not, and nev­er will be, an eco­nom­ic the­o­ry of every­thing. Physics may, or may not, be dif­fer­ent. But the knowl­edge we can hope to have in eco­nom­ics is piece­meal and pro­vi­sion­al, and dif­fer­ent the­o­ries will illu­mi­nate dif­fer­ent but par­tic­u­lar sit­u­a­tions. We should observe empir­i­cal reg­u­lar­i­ties and—as in oth­er applied sub­jects such as med­i­cine and engineering—we will often find prag­mat­ic solu­tions that work even though our under­stand­ing of why they work is incom­plete.“Extract from John Kay in the Finan­cial Times

Soon, everything’s a phone

Wifi every­where:

At the moment, inter­net tele­pho­ny gen­er­al­ly works best over wired or WiFi inter­net con­nec­tions. Recent­ly, how­ev­er, VoIP became avail­able for the phone-con­tract-free iPod Touch, mak­ing it func­tion­al­ly as much a phone as the reg­u­lar iPhone” Extract from Port­fo­lio

China worries about U.S. carbon tariffs

In a speech in the U.S. yes­ter­day, Tung Chee-hwa, vice-chair­man of the Chi­nese People’s Polit­i­cal Con­sul­ta­tive Con­fer­ence (CPPCC) hit out at plans for car­bon tar­iffs in the Democ­rats’ bill for emis­sion con­trols

A top advis­er to the Chi­nese gov­ern­ment on Tues­day warned that a pro­posed US bor­der tax on car­bon sen­si­tive mate­ri­als ‘smells of pro­tec­tion­ism’ and could spark retal­i­a­tion from devel­op­ing coun­tries.” Extract from a report in the Finan­cial Times

Tung, the for­mer Chief Exec­u­tive of Hong Kong, was talk­ing about the Wax­man-Markey bill that pro­vides for ‘bor­der adjust­ments’ should cap-and-trade costs for ener­gy-inten­sive indus­tries not be ful­ly off­set by U.S. gov­ern­ment sub­si­dies. Chi­na has been cam­paign­ing against this draft leg­is­la­tion since it’s intro­duc­tion.

They are obvi­ous­ly trou­bled by the appar­ent deci­sion of the Oba­ma Admin­is­tra­tion not to oppose the use of car­bon tar­iffs.