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Home - China Take - E.U. Debt Crisis: Chinese Reaction

E.U. Debt Crisis: Chinese Reaction

May 14, 2010

A lot of people are worried about China's exports to Europe as the Euro has depreciated. Others worry that China might come under EVEN MORE pressure to let its currency appreciate. One person commenting here says: "It looks like there is not much that China can do to diversify its reserve risk. Commodities? Only to a certain extent. The other obvious choice" this person says "is to open up its currency so the renminbi becomes one of the World's reserve currencies. At least, this will allow China to manage its destiny better and not be at the mercy of others."

Tags: E.U. DEBT,Chinese reaction,renminbi

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[2010/02/23] Sick Baby Dilemma
[2010/02/23] Paying Extra For Organic
[2010/02/21] Dalai Lama Meeting: Chinese Reaction
[2010/02/20] Fighting Online Game Addiction
[2010/02/19] Japan's GDP Figures: Chinese Reaction
[2010/02/18] C-Section Trend
[2010/02/18] Hillary's Future
[2010/02/17] Can Soccer Boss Clean Up The Sport?
[2010/02/13] Divorce Rates Soar
[2010/02/12] Jackson's Doctor Arrest
[2010/02/11] Obama Talks Tough: Chinese Reaction
[2010/02/11] Festive Fun
[2010/02/10] Body Donation Doubts
[2010/02/09] More Tainted Milk Discovered
[2010/02/07] No Cell Phones For Kids?
[2010/02/07] Does School Make A Difference?
[2010/02/06] Dalai Lama Visit
[2010/02/05] Talking To The Taliban
[2010/02/05] China's Space Race
[2010/02/04] Online Reaction To Taiwan Arms Sales
[2010/02/04] Spending On Tibet
[2010/02/03] Vietnamese Wife
[2010/02/03] Chinese Luxury Goods
[2010/02/02] Should Dog And Cat Meat Be Banned?
[2010/02/02] Women In The Workplace
[2010/01/31] Corruption: What can be done?
[2010/01/30] Time To Tax Motorists?
[2010/01/30] Quake Donations "Misused"
[2010/01/29] Super Rich Eye Homes Abroad
[2010/01/29] Blood Transfusion Concerns
[2010/01/28] Be Positive…Or Else!
[2010/01/28] Do You Feel Richer?
[2010/01/27] Killer Hailed A Hero
[2010/01/27] China No.2 Economy
[2010/01/26] Avatar Pulled Or Pushed?
[2010/01/26] Dying With Dignity
[2010/01/24] U.S. Donations Cause Controversy
[2010/01/24] Worth The Sacrifice?
[2010/01/23] Elementary School Pressure
[2010/01/22] "Compassionate Invasion" Of Haiti
[2010/01/22] What Level Of Education Is Best?
[2010/01/21] Kidnapping Sparks Online Debate
[2010/01/21] Was It Right To Cancel Mr Gay?
[2010/01/20] Japan Vows Action On Gas Fields
[2010/01/20] Online Vs Real Life Opinion?
[2010/01/19] Rewards Given For Porn Reports
[2010/01/19] Anti-Missile System
[2010/01/17] 9.5% GDP Growth In 2010?
[2010/01/17] Kiss Causes Airport Chaos
[2010/01/16] Haiti Earthquake
[2010/01/15] Google Threat: Chinese Reaction
[2010/01/15] Battling Anti-Social Behavior
[2010/01/14] Super Tanker To Aircraft Carrier
[2010/01/14] Movies - Chinese Or Foreign?
[2010/01/13] Yale Given $8,888,888 Donation
[2010/01/13] What Is "Western Culture"?
[2010/01/12] An Academic Controversy
[2010/01/12] Corrupt Journalists
[2010/01/10] Views on Housing Prices
[2010/01/10] Yao Ming's Baby
[2010/01/09] Tying The Knot Too Tightly?
[2010/01/09] Industrial Scandal Sickens 51 kids
[2010/01/08] What Goes Up… Must Come Down?
[2010/01/08] Top News For 2009
[2010/01/07] China's "Online Mafia"
[2010/01/07] Chinese Moviegoing Habits
[2010/01/06] Too Much Luxury?
[2010/01/06] Corrupt Judge
[2010/01/05] Mental Health In China
[2010/01/05] New Year Hopes
[2009/12/31] Resident Permit Reform
[2009/12/31] Iran Protests:Chinese Reaction
[2009/12/30] Online Reaction To Execution
[2009/12/30] Disabled Driver Rules Eased
[2009/12/29] Karaoke Songs Censored
[2009/12/29] Who Benefits From Taiwan Deals?
[2009/12/27] Online Chat Ok At Work?
[2009/12/27] Cold Attitude To H1N1 Suspects
[2009/12/26] Knowledge Of Christmas Traditions
[2009/12/26] US Arms Sale To Taiwan
[2009/12/25] Copenhagen Controversy
[2009/12/25] Too Many Motors?
[2009/12/24] Helping Migrant Workers
[2009/12/24] Secondhand Or New?
[2009/12/23] Farmer Compensated For Jail Time
[2009/12/23] Online Vs. TV Ad Markets
[2009/12/22] Putting The Brakes On E-Bikes
[2009/12/22] Cheering China's Workers
[2009/12/20] Balance Between Economy And Climate
[2009/12/19] Chinese Troops In Afghanistan?
[2009/12/19] In The Dock
[2009/12/18] Dorm Suicide, Who's To Blame?
[2009/12/18] Dating Changes
[2009/12/17] Earthquake School Rebuilt
[2009/12/17] Kidnapping Fears In China
[2009/12/16] Migrant Worker Woes
[2009/12/16] Food Safety
[2009/12/15] Who Pays The Piper?
[2009/12/15] Individually Green
[2009/12/13] Is The Shanghai Expo Important?
[2009/12/12] Improving Life For The Blind
[2009/12/11] Woman Burns Herself As Protest
[2009/12/11] Job Worries For Students
[2009/12/10] One Child Policy: Time For A Change?
[2009/12/10] Housing Costs
[2009/12/09] Repatriation For Fugitive?
[2009/12/09] Only Skin Deep
[2009/12/08] Best,Worst Things About Life In Xinjiang
[2009/12/06] Whitehouse Dinner Gatecrashers
[2009/12/06] Buying Property Overseas
[2009/12/05] Does Taxi Increase Bother You?
[2009/12/05] Martial Arts Showdown
[2009/12/04] Milk Victims Cry Foul
[2009/12/04] Is Obama Right On Afghanistan?
[2009/12/03] Selling Made In China
[2009/12/03] The Ideal Job
[2009/12/02] Match-Fixing Scandal
[2009/12/02] Worried About HIV/AIDS?
[2009/12/01] Buildings Beyond Belief?
[2009/12/01] Second Wife Syndrome
[2009/11/30] Yunnan Media Monitors
[2009/11/30] Electricity Price Hike
[2009/11/28] Graduate Patrols
[2009/11/28] What Do You Know About Africa?
[2009/11/27] China Not Interested In Democracy
[2009/11/27] Job Prospects For Returnees
[2009/11/26] Flowers Fertilized With Blood
[2009/11/26] Feelings Towards Beggars?
[2009/11/25] Net Users To Fight Corruption
[2009/11/25] Men Or Women: Who's Best At Business?
[2009/11/24] China's Compulsive Savers
[2009/11/24] Heaviest Financial Burden
[2009/11/22] Education: Time For A Change?
[2009/11/22] Dangers Of Child Labor
[2009/11/21] Most Powerful Person In The World
[2009/11/20] State Banquet
[2009/11/20] Changed View Of Obama?
[2009/11/19] Reaction To Obama
[2009/11/19] China's Western Allies
[2009/11/18] Changed Dynamics In Sino-US Relationship
[2009/11/18] What Would You Ask Obama?
[2009/11/17] Obama Quizzed In Shanghai
[2009/11/17] USD-RMB Exchange Rate
[2009/11/16] Dear Mr President…
[2009/11/16] Favorite President
[2009/11/15] Obama Out Of Ten
[2009/11/15] US More Student Exchanges
[2009/11/14] SNS Lawsuit Action
[2009/11/14] Stars In Commercials
[2009/11/13] Gang Justice?
[2009/11/13] Do You Support The Death Penalty?
[2009/11/12] New PKU Entrance Regulations
[2009/11/12] Beijing Or Home After College?
[2009/11/11] Prostitution Crackdown
[2009/11/11] Migration: The Good And The Bad
[2009/11/10] Online Gaming Row
[2009/11/10] Mixed Marriages
[2009/11/08] Students Stripped Bare
[2009/11/08] Are Students Well Behaved?
[2009/11/07] Taking The Mickey?
[2009/11/07] Can Chinese Culture Compete?
[2009/11/06] Qualified Doctor
[2009/11/06] Tsien Hsue-Sen
[2009/11/05] Chinese Workers Compensated
[2009/11/05] Domestic Violence
[2009/11/04] Prisoner Parade
[2009/11/04] To Block, Or Not To Block?
[2009/11/03] PLA Seeks Academic Recruits
[2009/11/01] Mob Rule
[2009/10/31] Does Graying China Affect You?
[2009/10/31] Foolhardy Or Brave
[2009/10/30] Views On Germany?
[2009/10/30] Privacy Rights Of Minors
[2009/10/29] Capitalizing On Coal
[2009/10/29] Is More Religion Good?
[2009/10/28] Returned PHD Suicide
[2009/10/27] Marriage Before House?
[2009/10/27] Net Check: Price of Medicine
[2009/10/26] China Donations
[2009/10/26] Gay Parents
[2009/10/24] Home Brands Or Foreign Brands?
[2009/10/24] License To Kill?
[2009/10/23] Is China Car Boom Good?
[2009/10/23] Hijacked Bulk Carrier
[2009/10/22] Foreign Friends
[2009/10/22] HIV Blog Hoax
[2009/10/21] National Games Too Much?
[2009/10/21] Taxi Entrapment
[2009/10/20] China And The World
[2009/10/20] After School Controversy
[2009/10/17] Currency Manipulation
[2009/10/17] Chongqing Gangs
[2009/10/16] Medal of Dishonor
[2009/10/16] Should Gays Serve in the Military?
[2009/10/15] Chinese Hummer
[2009/10/15] Bus Row Fallout
[2009/10/15] Mainland Maternity
[2009/10/15] Marriage Rush
[2009/10/14] Wuhan University Scandal
[2009/10/14] Study Abroad or at Home?
[2009/10/13] Sun Yue's Future
[2009/10/13] Al-Qaida Threat
[2009/10/10] Where In The World?
[2009/10/10] Obama's Nobel Prize
[2009/10/09] Is Obama Doing a Good Job?
[2009/10/09] Was Rio The Right Choice?
[2009/10/09] Is Obama Doing a Good Job?
[2009/10/08] Chinese Donations
[2009/10/08] China and North Korea
[2009/10/07] Illegal Taxis
[2009/10/07] China's Labor Shortage
[2009/10/06] Saving Money
[2009/10/06] Anti-Japanese Feelings
[2009/10/05] Worried About Your Job?
[2009/10/05] Today's Degrees Useless
[2009/10/04] Safety in Beijing
[2009/10/04] Life of Luxury
[2009/10/03] National Day vs. Olympics
[2009/10/03] Spoilt Rich Kids
[2009/10/02] IS Beijing's Air Cleaner?
[2009/10/02] Airport Clearner Freed
[2009/10/01] Parade Reactions
[2009/09/30] Students Auction Reputation
[2009/09/30] Video Piracy
[2009/09/29] No Divorces In Chongqing?
[2009/09/29] National Day Celebrations
[2009/09/27] Animal Cruelty
[2009/09/27] Capital Parade
[2009/09/26] Rising Ticket Prices
[2009/09/26] National Day Plans
[2009/09/25] Hacker's Gift to Nation
[2009/09/25] Japan's New PM
[2009/09/24] China Flag at White House
[2009/09/24] Flight Cancellations
[2009/09/23] Official Property Rules
[2009/09/23] Welcome Back Liu Xiang
[2009/09/22] NBC vs. CCTV
[2009/09/20] Liu Xiang Come Back
[2009/09/20] Pricy Pooch
[2009/09/19] 50% Off Abortions
[2009/09/18] Do You Buy Green Products
[2009/09/18] Open Chest Surgery Case
[2009/09/17] Military Parade
[2009/09/17] China Tax Increase
[2009/09/16] Importance of Military
[2009/09/16] National Day Security
[2009/09/14] Airplane Safety

RELATED PROGRAMS

Beyond the Headlines: May 13

E.U. DEBT CRISIS: CHINESE REACTION
FLOOD MISERY
ANGER AND INEQUALITY
STABBING SPREE SECURITY BOOST
STUDENT BEATING SCANDAL
IS IT EVER RIGHT TO HIT STUDENTS?
AN ALTERNATIVE EDUCATION
China Greece Business

You may remember a month ago we went online to gauge Chinese reaction to the debt crisis facing the Euro-zone and Greece in particular. Comments were generally unsympathetic, the general consensus being that Euro-zone countries got themselves into this mess, and that helping big welfare states was just a waste of time.

But Chinese government and businesses apparently think otherwise. China has recently signed a number of business deals with Greece worth billions of Euros which will see cooperation between the two countries in a variety of fields, including shipping, tourism and telecommunications.
Are China's Banks In Trouble

In the dark days of 2008’s financial crisis, the Chinese government stepped into the breach with an enormous economic stimulus package designed to slow job losses and keep the economy on the right track. By most measures, it appears to have succeeded. However, one enduring legacies of the stimulus has been a pile of bad debt held by large banks and local governments here. Whether or not those debts are actually a problem has been a subject of much debate, with recent events—including a series of “stress tests” for China’s biggest banks—fueling the controversy.
Media Watch August 25: National News

Front Page
Manila Hostage Crisis
"Honesty Is Key"
Concerns Over US Debt Holdings
Benefits Of Online Gaming
Dual Citizenship
Marry For Money
Media Watch August 26: Bits & Pieces

Long Overdue Debt
PLA Shoes
High Jumper
China's Safest Haven
Gandalf The Gray
Media Watch July 13: National News

Front Page
Google: Still In China
"US Debt Is Riskier Than China"
China Census To Count Foreigners
Professor Accused Of Plagiarism
Fixing Resumes
Wealthy Chinese Men
China Take Oct. 1: Top 5 Comments

Death Sentence For Rape
Debt Reduction For US And Japan
Four Death Sentence For Japanese
A Gift House
Abuse Of Power
Media Watch Oct. 22

Used Clothes Smuggling
Road Debt Causes Suicide
Abused Russian Wife
Mass Blind Date
Rolling The Dice
Jilted KTV Singer
Don't Expel My Son!
Sleep To Cure Baldness

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