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.