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Taipei inks financial MOU with China

The nation’s financial regulator unexpectedly signed a financial memorandum of understanding (MOU) with Beijing at 6pm via a document exchange yesterday, sealing the much awaited pact.

Financial Supervisory Commission (FSC) chairman Sean Chen (陳冲) announced in the evening that he represented Taiwan in signing the documents — one in traditional Chinese and one in simplified Chinese — with Chinese authorities through a document exchange at 6pm.

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Foreign academics urge Ma to seek public consensus

President Ma Ying-jeou (馬英九) must seek public consensus on the development of cross-strait ties as Taipei-Beijing relations spread into more political areas, some European experts on cross-strait affairs said in interviews with the Taipei Times.

Dafydd Fell, senior lecturer of the department of political and international studies at the School of Oriental and African Studies (SOAS), University of London, said Ma needs to be very cautious on the pace of liberalizing cross-strait relations.

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Newsflash

The US, the UK and the EU protested a decision by a Chinese court to uphold the 11-year prison sentence for Liu Xiaobo (劉曉波), a political dissident convicted last year on subversion charges after promoting a manifesto calling for China to become a democracy.

“We are disappointed by the Chinese government’s decision to uphold Liu Xiaobo’s sentence of 11 years in prison on the charge of ‘inciting subversion of state power,’” US ambassador to China Jon Huntsman said in a statement yesterday. “We believe that he should not have been sentenced in the first place and should be released immediately.”