To the barricades

Article Abstract:

Growing opposition in the US Congress to a rise in funding for the International Monetary Fund is making it more likely that the Markets Security Act will gain approval. This planned legislation would create a system for monitoring trade in foreign government-linked stocks and bonds in US markets. It has attracted criticism from China, which claims that it focuses on the legal activities of Chinese companies. Market regulators are also opposed to the planned legislation, believing that it could cause the US to lose valuable foreign offerings.

Government Bonds, Foreign investments, Laws, regulations and rules, Financial markets, Government securities

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Fact and friction: China exiles testify about human-rights violations

Article Abstract:

Human-rights activist Harry Wu and former officials of the Xinjiang People's Construction Corps convinced the US government to withdraw funding for World Bank projects in western China. Wu says the XPCC, which implemented loans for at least three of eight World Bank projects, runs 14 forced-labor camps for political and other prisoners. Two former XPCC officials said the World Bank projects strengthened Beijing's control of the region and paved the way for a crackdown and military repression. Future World Bank funding is in question.

International relations, World Bank, Chinese foreign relations, Xinjiang Uygur, China, Civil rights, Political prisoners

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Getting into the game: China becomes a big player in the U.S. treasury market

Article Abstract:

China is investing more of its large foreign-currency reserves, estimated at over $100 billion, in the US Treasury market and is competing with Japan as the top holder of treasury bills. During the first half of 1996, China's net purchases totalled $11.8 billion, a sixteen-fold increase from 1995. China's main foreign-exchange players are the Bank of China and the People's Bank of China.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banks (Finance), Investments, Treasury securities, Bank of China, People's Bank of China

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