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Breaking: Tibet continues to burn, Man sets self on fire

DHARAMSHALA, November 18: In more alarming reports coming out of Tibet, another Tibetan passed away in his self-immolation protest yesterday evening in an apparent protest against China’s rule.

Sangdag Tsering, 24, set himself on fire in front of a local Chinese government office in Dokar Mo town in the Rebkong region of eastern Tibet at around 7 pm (local time). Tsering, father of a three-year-old son, passed away at the site of his protest.

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Taiwanese businessman misled by Chinese bank

A Taiwanese businessman investing in China was shocked when he found that a 50 million yuan (US$8 million) loan he applied for from the China Construction Bank (CCB) more than a year ago actually went into a unrelated business in China and was used as collateral for another 90 million yuan loan.

The 73-year-old Chen Hsi-so (陳細鎖) said that on the recommendation of a friend, he opened a lime absorbent plant in Wuping District, Longyan, in China’s Fujian Province last year, and applied for a 50 million yuan loan from CCB’s branch in Wuping.

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Newsflash

While the Economic Cooperation Framework Agreement (ECFA) will have modest global economic effects, the geo-economic implications are significant enough to demand strategic attention from the US, two US international economists said in a recent study.

Daniel Rosen and Zhi Wang of the Washington-based Peterson Institute for International Economics wrote that the ECFA underscores the importance of securing US economic engagement of the first order in Asia.