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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

Former US national security adviser John Bolton on Friday reiterated a call for US naval visits to the Port of Kaohsiung, as he affirmed the Pentagon’s reported plan to send more troops to Taiwan.

The Wall Street Journal on Thursday reported that the US is increasing its small contingent of soldiers in Taiwan to train local forces.

The US military presence in Taiwan would grow from 100 to 200 troops, up from about 30 a year earlier, it said.