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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


Demonstrators take part in a protest against the government in Taipei yesterday. Workers hurled eggs at the Presidential Office as thousands took to the streets demanding that the government change economic policies which they say favor big business.
Photo: AFP, Mandy CHENG

Thousands of workers, students and social activists yesterday threw eggs toward the Presidential Office in Taipei during a protest about various economic and social issues, after launching five parades across the city.

“Fuck the government. It’s garbage,” thousands of demonstrators assembled on Ketagalan Boulevard chanted in unison as they moved toward the Presidential Office.

As they reached police barricades that stopped them about 300m away from the Presidential Office building itself, they began to throw eggs.