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Taiwan Tati Cultural and Educational Foundation

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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KMT Government Still Out of Step with Policies: What Does it Tell Us?

Taiwan has hundreds, perhaps thousands, of foreign students from a wide variety of foreign countries studying at its universities. These students come, take their classes, experience the country and go away richer. But now that the Ma government seeks to get Chinese students into Taiwan universities (some with greater benefits than Taiwanese themselves), all of a sudden problems arise on the horizon. Any self-respecting Taiwanese should therefore have a lot of questions to ask why its government right hand does not seem to know what the left is doing.

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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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Preferential 18% interest rate is not defensible

In a situation where few can feel the economic recovery and where there is no growth either economically or in the employment rate, the 18 percent preferential interest rate on the savings of military personnel, civil servants and teachers merely serves to reinforce the feeling of unfairness and deprivation among the general public.

A political avalanche is in the making and it will bury the Chinese Nationalist Party (KMT) if it insists on supporting the 18 percent interest rate for these privileged groups.

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Newsflash


Chinese Nationalist Party (KMT) caucus whip Wu Yu-sheng, front right, holds up a sign that says “against” while Democratic Progressive Party (DPP) legislators hold up signs that say the KMT is cheating the people during a legislative session in which the DPP proposed amendments to media laws.
Photo: CNA

Amendments designed to prevent media monopolization and investors from interfering in the editorial content of broadcasting corporations were put on hold yesterday after the government made a last-minute U-turn late on Thursday night, with Chinese Nationalist Party (KMT) lawmakers backtracking from their previously declared support for the amendments and voting them down.

At the plenary session yesterday, the third-last day before the legislature goes into recess on Tuesday, the Democratic Progressive Party (DPP) and Taiwan Solidarity Union pressed for the amendments to clear the legislature.