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China’s Hu upbeat, resists US pressure on currency

Chinese President Hu Jintao (胡錦濤) urged an end to a “zero sum” Cold War relationship with the US and proposed new cooperation, but resisted US arguments about why China should let its currency strengthen.

Indeed, in a sign that the future of the US currency continues to concern the most senior levels of the Chinese government, he said the US dollar-based international currency system is a “product of the past.”

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US downplays Taiwan before Hu visit

The US will try to keep Taiwan as far down the agenda as possible during Chinese President Hu Jintao’s (胡錦濤) three-day state visit to Washington this week.

During a lengthy White House briefing on the visit, US National Security Adviser Tom Donilon detailed the main topics to be covered during all of Hu’s talks with US President Barack Obama and never once mentioned Taiwan.

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Newsflash


Convener of the 908 Taiwan Republic Campaign Peter Wang, fourth left, and other members of the group hold up signs and encourage the public to come together on Jan. 13 in a rally against President Ma Ying-jeou.
Photo: Fang Pin-chao, Taipei Times

Democratic Progressive Party (DPP) Chairman Su Tseng-chang (蘇貞昌) yesterday criticized the Chinese Nationalist Party (KMT) over its assets, saying the KMT administration had secretly sold its ill-gotten assets, pocketed substantial commissions from the transactions and used the profits to heavily subsidize the party’s election campaigns, spawning grave public grievance in the country.

Accompanied by lawyer Wellington Koo (顧立雄) and representatives from the Foundation of Medical Professionals Alliance in Taiwan, the Rotary Club and the Taiwan Junior Chamber, Su made the remarks at a press conference in Taipei, titled “Giving vent to fury” (火大找出路), which called on more than 1,000 civil groups to hit the streets along with the party in a planned mass demonstration in Taipei against President Ma Ying-jeou’s (馬英九) administration.