A top White House official on Friday urged Taiwan to build up its military capabilities to protect against a possible invasion by China, saying that Beijing would have that ability in 10 to 15 years.
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Political leaders, central bankers and financiers at the World Economic Forum have attacked China’s monetary and trade policy and questioned its ability to tackle an overheating economy. Top Chinese officials face an increasingly difficult task saying that Beijing is acting in the interest of the world economy by keeping its yuan currency weak against the dollar and maintaining a huge trade surplus — US$196.1 billion last year. |