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China’s Hu upbeat, resists US pressure on currency

Chinese President Hu Jintao (胡錦濤) urged an end to a “zero sum” Cold War relationship with the US and proposed new cooperation, but resisted US arguments about why China should let its currency strengthen.

Indeed, in a sign that the future of the US currency continues to concern the most senior levels of the Chinese government, he said the US dollar-based international currency system is a “product of the past.”

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US downplays Taiwan before Hu visit

The US will try to keep Taiwan as far down the agenda as possible during Chinese President Hu Jintao’s (胡錦濤) three-day state visit to Washington this week.

During a lengthy White House briefing on the visit, US National Security Adviser Tom Donilon detailed the main topics to be covered during all of Hu’s talks with US President Barack Obama and never once mentioned Taiwan.

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Newsflash

The High Court yesterday convicted eight current and retired military officers for developing a spy network for China, including a failed plot to fly a CH-47 Chinook attack helicopter to a Chinese aircraft carrier in the Taiwan Strait.

The defendants received sentences ranging from 18 months to 13 years for contravening the National Security Act (國家安全法), the Criminal Code of the Armed Forces (陸海空軍刑法) and taking bribes.

The defendants were with key military sites, including the 601st Brigade of Aviation and Special Forces Command and the Huadong Defense Command.