The Democratic Progressive Party’s (DPP) Central Standing Committee yesterday adopted a resolution aimed at regulating political party assets, while prohibiting parties to run businesses, specifically targeting the Chinese Nationalist Party (KMT).
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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. |