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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


Part of the Democratic Progressive Party’s march to manifest the public’s dissatisfaction with President Ma Ying-jeou sets out from Wanhua train station in Taipei yesterday.
Photo: Lo Pei-der, Taipei Times

People from all walks of life took to the streets in Taipei yesterday to voice their dissatisfaction with President Ma Ying-jeou’s (馬英九) governance.

A group of Hakka people held big black flags with calligraphy in white that read yimin (義民, “righteous people”) as they marched. The flag is modeled on the black flags used by Hakka militias who defended their home villages during an uprising against the Qing Dynasty in 1786 and again when they fought against the Japanese occupation of Taiwan in 1895.