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Google threatens to quit China

Internet giant Google Inc on Tuesday made a shock threat to quit China, the world’s biggest Internet market by number of users, after hackers accessed human rights activists’ e-mail accounts.

“These attacks and the surveillance they have uncovered — combined with attempts over the past year to further limit free speech on the Web — have led us to conclude that we should review the feasibility of our business operations in China,” Google chief legal officer David Drummond said in a statement.

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PRC surprises with early increase in bank reserve ratio

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.

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Newsflash

Over 1,000 people from more than 10 farming and human rights advocacy groups across the country attended the funeral of 72-year-old Chu Feng Min (朱馮敏), who allegedly committed suicide earlier this month to protest land seizures by the government.

Chu Feng, a native of Dapu Bourough (大埔), Jhunan Township (竹南), Miaoli County, was found dead on a chair on the porch of her house after swallowing a bottle of insecticide without leaving a suicide note behind on the morning of Aug. 3.