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China sees bank risks in local-government financing

Chinese central bank Governor Zhou Xiaochuan (周小川) said that local-government financing vehicles using land as collateral may pose risks for the nation’s banks.

“When land prices rise, there may be over-valuation of land,” Zhou said at a press briefing in Beijing yesterday. “In the future, if land prices fall, there may be a difference in the assessment of the loan.”

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Falun Gong stages anti-CCP march

About 2,000 Falun Gong ­practitioners staged a march in Taipei City yesterday in support of the nearly 70 million people they claim have dropped out of the Chinese Communist Party (CCP) since 2005.

Holding banners that read “support China’s human rights = support Taiwan’s freedom” and “only with the disintegration of the CCP can the persecution be stopped,” demonstrators gathered on Ketagalan Boulevard to denounce criminal acts allegedly carried out by the Chinese authoritarian regime against Falun Gong practitioners, including harvesting organs from living people.

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Newsflash


Chen Wen-cheng poses with his family in an undated image.
Photocopied by Lin Cheng-kung, Taipei Times

National Taiwan University’s (NTU) university affairs committee yesterday passed a proposal to name a campus plaza in honor of NTU Mathematics Department graduate Chen Wen-chen (陳文成), a well-known victim of the nation’s past authoritarian regime in a move lauded as a step toward transitional justice. The plaza is also to include a monument for Chen.