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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

Several activists staged a “Rather Nude than Nuke” rally on Ketagalan Boulevard in front of the Presidential Office yesterday to coincide with the 25th -anniversary of the Chernobyl nuclear disaster today.

The protesters urged President Ma Ying-jeou (馬英九) to implement a national energy policy and to take proactive action to prevent nuclear disasters.

The protest, led by former -Taiwan Environmental Protection Union (TEPU) secretary-general Ho Tsung-hsun (何宗勳), started with the activists singing the rally’s theme song.