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Premier raises eyebrows with yuan forex comment

Premier Liu Chao-shiuan said in an interview with Dow Jones Newswires on Thursday that Taiwan could consider including the Chinese yuan in its foreign exchange (forex) reserves, but his view was not shared by other government officials.

During the interview, Liu said Taiwan could consider including the yuan in its foreign exchange reserves as cross-strait ties expand at an unprecedented pace.

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Chinese broadcasters are told to cold-shoulder BBC

The BBC’s ambitions in China, one of the fastest-growing television markets in the world, could be undermined by the Chinese government’s anger over a recent documentary about the Tiananmen Square Massacre.

The Chinese authorities are understood to have ordered state-owned broadcasters in the country not to cooperate with BBC Worldwide, the corporation’s commercial arm, after officials were angered by the film, made by the respected reporter Kate Adie to commemorate the 20th anniversary of the pro-democracy protests. It is understood that domestic broadcasters, including China Central Television (CCTV), have been told not to cooperate with BBC Worldwide in buying programs or becoming involved in coproductions. BBC News is believed to be unaffected by the row, however.

Last Updated ( Friday, 07 August 2009 08:05 ) Read more...
 


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Newsflash


A Republic of China Air Force F-16 (top) shadows a Chinese People’s Liberation Army Air Force H-6 bomber over the Bashi Channel on Feb. 10.
Photo courtesy of the Ministry of Defense via CNA

China is stepping up its military preparedness to overtake Taiwan, Minister of Foreign Affairs Joseph Wu (吳釗燮) said yesterday, following a spike of Chinese drills near the nation.