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Financial MOU to be inked soon: Wu

A memorandum of understanding (MOU) on financial supervisory cooperation between Taiwan and China could be signed next week at the earliest, Premier Wu Den-yih (吳敦義) said in an interview with the Central News Agency (CNA) yesterday.

Signing the MOU is a “necessity” for Taiwan and China because it would be beneficial to cross-strait cooperation in the financial sector, Wu said, adding that there was “no doubt about that.”

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China executes nine convicted over Xinjiang unrest

China said yesterday it had put to death nine people over deadly ethnic unrest in Xinjiang, the first executions since the violence erupted in July.

Authorities convicted 21 defendants last month — nine were sentenced to death, three were given the death penalty with a two-year reprieve, a sentence usually commuted to life in jail, and the rest were handed various prison terms.

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Newsflash

A cross-strait expert yesterday expressed concern over the government’s plan to sign an economic cooperation framework agreement (ECFA) with Beijing, urging President Ma Ying-jeou (馬英九) to suspend negotiations on the trade pact and seek public consensus on Taiwan’s global economic strategy.

Former Mainland Affairs Council (MAC) deputy chairman Tung Chen-yuan (童振源) said the ECFA had four flaws.