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Japan worried over ROC interpretation

The Chinese Nationalist Party (KMT) government’s stance that there’s no need to object to China’s territorial claim to the Diaoyutai Islands (釣魚台) since the Republic of China (ROC) Constitution states that China is still considered a territory of the ROC on Taiwan has prompted concerns from Japanese officials over the political implications of this interpretation, sources from diplomatic circles said.

A meeting was held on Sept. 29 at the Presidential Office where discussions concentrated predominantly on the Diaoyutais issue.

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Chinese security chief’s visit kept secret

A visit to Taiwan by Chinese Vice Minister of Public Security Chen Zhimin (陳智敏) and his delegation earlier this month was shrouded in secrecy and intentionally unpublicized, even as talks were held with senior government officials, an investigation by the Taipei Times showed yesterday.

Chen, who is believed to be the second-highest-ranking Chinese official to visit the nation in the past 12 years in an official capacity, was in Taipei from Sept. 13 through Sept. 18 and met representatives from the Ministry of the Interior, the Mainland Affairs Council (MAC), the Coast Guard Administration (CGA) and the Ministry of Justice.

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Newsflash

Data released by the Chinese National Bureau of Statistics on Friday showed that China’s GDP growth slowed to 6.5 percent in the third quarter, the lowest since early 2009. China’s growth faces increasing pressure from the US-China trade war, Beijing’s financial deleveraging and property curbs, the US Federal Reserve’s interest rate hikes and a weakening yuan that is prompting capital outflows.

The People’s Bank of China has lowered its reserve requirement ratio four times to encourage lending and has urged banks to increase lending to cash-starved small companies, but Chinese media have reported that banks’ loan requirements for small firms and private companies remain stringent, and further reserve requirement reduction is expected.