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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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Formosa Betrayed Movie Opening

Dear Friends:
Formosa Betrayed will be opening in one month (February 26, 2010). We need your help in spreading the word about this important film. Tell your friends to add us at
http://profile.to/formosabetrayed/ or http://groups.to/formosabetrayedthemovie/.

Last Updated ( Thursday, 28 January 2010 14:52 ) Read more...
 


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Newsflash

President Ma Ying-jeou (馬英九) yesterday said he would honor the legislature’s decision to amend a food safety law even though it would contravene a bilateral beef trade protocol signed by Taiwan and the US in October. The president, however, was evasive about who should be held responsible for the about-face.

“The top priority at the moment is to find out how the US government will react to the legislature’s decision and minimize the damage,” Ma said at a press conference at the Presidential Office yesterday afternoon after the legislature in the morning passed an amendment to the Act Governing Food Sanitation (食品衛生管理法), banning imports of specific beef products from countries with documented cases of mad cow disease in the past decade.