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Health minister resigns over premium dispute

Department of Health Minister Yaung Chih-liang (楊志良) tendered his resignation in a shock move yesterday, saying he could not fulfill Premier Wu Den-yih’s (吳敦義) request that 75 percent of the insured be exempted from a proposal to increase national health insurance premiums.

Wu rejected Yaung’s resignation late last night, however. Executive Yuan spokesman Johnny Chiang (江啟臣) said the premier hoped Yaung would stay in the position.

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China sees bank risks in local-government financing

Chinese central bank Governor Zhou Xiaochuan (周小川) said that local-government financing vehicles using land as collateral may pose risks for the nation’s banks.

“When land prices rise, there may be over-valuation of land,” Zhou said at a press briefing in Beijing yesterday. “In the future, if land prices fall, there may be a difference in the assessment of the loan.”

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Newsflash

Despite China’s repeated attempts to force Taiwan’s incoming administration to accept the idea that both sides of the Taiwan Strait belong to “one China,” a survey released yesterday showed that most people reject the construction.

The survey, conducted by Taiwan Indicators Survey Research (TISR) on Thursday and Friday last week, sought to gauge Taiwanese perception of the notion that “both sides of the Strait belong to one China,” which is backed by both the Taipei and Beijing constitutions.