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WHO NAME GAME: US secretary pans name change

US Secretary of Health and Human Services Kathleen Sebelius said yesterday that no UN agency has the right to unilaterally determine Taiwan’s status. Sebelius’ remarks came amid ongoing controversy over Taiwan’s designation in the WHO.

“We have made it very clear to the WHO and I think the United States’ position is that no organization of the UN has a right to unilaterally determine the position of Taiwan,” Sebelius said on the sidelines of the World Health Assembly (WHA) in Geneva when asked by press about the matter. “It needs to be a resolution that includes China and Taiwan in a discussion and we would very much welcome that road forward.”

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WHO NAME GAME: WHO Web site inflames uproar

The WHO has not wavered on its position that Taiwan is a part of China despite extending an invitation to the Department of Health under the designation “Chinese Taipei,” new information from the WHO reveals.

The stance, already evident from a leaked internal WHO memo released by Democratic Progressive Party (DPP) Legislator Kuan Bi-ling (管碧玲) last week, was strengthened by the new disclosure yesterday of the organization’s internal publishing policies that state Taiwan is “a province of China.”

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Newsflash

China’s local government debt may be 3.5 trillion yuan (US$540 billion) larger than auditors estimated, potentially putting banks on the hook for deeper losses that could threaten their credit ratings, Moody’s said yesterday.

Moody’s reviewed a report released by China’s state auditor last week, which found that local governments had chalked up 10.7 trillion yuan of debt. Moody’s said it identified more loans funded by banks after accounting for discrepancies in figures given by various Chinese authorities.

Investors worry the pile of loans, about half of which were racked up during a 2008 stimulus spending binge, could destabilize the Chinese economy in the long run. If banks have to absorb heavy losses, it could restrict lending.