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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

DHARAMSHALA, September 15: Two Chinese courts in the restive north western region of Xinjiang sentenced four members of the ethnic Uyghur minority to death in connection with a series of mass uprisings in July, Chinese state media reported today.

The men were found guilty of murder, arson and running a terrorist organisation according to a report published on www.tianshannet.com.cn, a news website run by the Xinjiang government.

Two others were jailed for 19 years for their roles in separate incidents in Kashgar and Hotan in July.