The White House is moving forward with three sales of advanced weaponry to Taiwan, sending in recent days a notification of the deals to the US Congress for approval, five sources familiar with the situation said on Monday.
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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. |