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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

The Transitional Justice Commission is reportedly planning on validating and announcing 85 historical sites of injustice, as well as proposing legislative suggestions for preserving them.

After consulting experts and using the UN’s International Convention for the Protection of All Persons from Enforced Disappearance as reference, the commission has drafted and finished revising key points in its final report on validating historical sites of injustice, which refer to places where those in power violated human rights during the authoritarian period.