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Tsai Ing-wen needn’t apologize: Lee

Tuesday, 18 January 2011 08:16 Taipei Times

Former president Lee Teng-hui (李登輝) yesterday said Democratic Progressive Party (DPP) Chairperson Tsai Ing-wen (蔡英文) did not need to apologize for the controversy caused by her pension savings account that provides an 18 percent preferential interest rate.

Lee said reform of the system must be fair and just and the focus must be on the system, rather than on individuals collecting the dividends.

China’s Hu upbeat, resists US pressure on currency

Tuesday, 18 January 2011 08:13 Taipei Times

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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228 Tâi-uân-sîn

We're 228 Followers

2015-12-26 Taiwanese Shrine Initation & Marytr-Spirit Enshrine Ceremony

2014-02-28 228 Tâi-uân-sîn(Taiwan gods) Thanksgiving Blessing Assembly and Trong R. Chai Tâi-uân-sîn Thanksgiving Praying Ceremony

2013-08-18 Holy Mountain Holiness Birthday and Tâi-uân-sîn Lin Mao-sheng Statue's Placement Ceremony

2013-02-28 228 Tâi-uân-sîn Thanksgiving Prayer Assembly - Realized the Determination of Founding Taiwan State with Democratic Power

228 Memorial and Bian Casters Gathering on Feb. 28th, 2010

Newsflash

China yesterday raised the proportion of deposits that banks must hold in reserve in the clearest sign yet that it has started to tighten monetary policy with its economy roaring back to the brink of overheating.

The 0.5 percentage point increase in the reserve requirement ratio (RRR) will take effect on Monday and will apply to all banks apart from rural credit cooperatives, the People’s Bank of China said on its Web site.