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Chen's son denies interest in poll race

Chen Chih-chung (陳致中), the son of former president Chen Shui-bian (陳水扁), yesterday denied expressing any intention to run for public office, saying the media had misinterpreted a comment he had made a day earlier.

His comment, however, drew mixed reactions from his party, with some Democratic Progressive Party (DPP) members saying that having him run for Kaohsiung City councilor would not be a burden on the party, while others saying it could affect public perception of the party.

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China economic policy under fire at Davos

Political leaders, central bankers and financiers at the World Economic Forum have attacked China’s monetary and trade policy and questioned its ability to tackle an overheating economy.

Top Chinese officials face an increasingly difficult task saying that Beijing is acting in the interest of the world economy by keeping its yuan currency weak against the dollar and maintaining a huge trade surplus — US$196.1 billion last year.

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Newsflash

Accusing the Chinese Nationalist Party (KMT) government of ramming the cross-strait Economic Cooperation Framework Agreement (ECFA) through without regard for public concerns or democratic process, the Democratic Progressive Party (DPP) yesterday vowed that it would revisit the trade pact if it regains power in 2012.

“Taiwan will have to one day pay the price for its reckless passage of the ECFA,” DPP Chairperson Tsai Ing-wen (蔡英文) said, one day after the KMT-dominated legislature approved the bulk of the trade pact. “This important piece of national policy should have been carefully considered, transparent and subject to legislative oversight, but we did not see this take place.”