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.
A few snaps—taken after the sun came up.
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.