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Google threatens to quit China

Internet giant Google Inc on Tuesday made a shock threat to quit China, the world’s biggest Internet market by number of users, after hackers accessed human rights activists’ e-mail accounts.

“These attacks and the surveillance they have uncovered — combined with attempts over the past year to further limit free speech on the Web — have led us to conclude that we should review the feasibility of our business operations in China,” Google chief legal officer David Drummond said in a statement.

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PRC surprises with early increase in bank reserve ratio

China yesterday raised the proportion of deposits that banks must hold in reserve in the clearest sign yet that it has started to tighten monetary policy with its economy roaring back to the brink of overheating.

The 0.5 percentage point increase in the reserve requirement ratio (RRR) will take effect on Monday and will apply to all banks apart from rural credit cooperatives, the People’s Bank of China said on its Web site.

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Newsflash


Bruce Jacobs, a professor at Monash University in Australia, talks at a symposium held at the legislature in Taipei yesterday.
Photo: Wang Yi-sung, Taipei Times

Taiwan should focus on its colonial history and the issue of de-colonization, rather than the argument over independence and unification, an Australian academic told a symposium yesterday.

Bruce Jacobs, a professor at Monash University in Australia, discussed the democratization of Taiwan at a symposium held at the legislature and organized by Democratic Progressive Party (DPP Legislator Mark Chen (陳唐山), the Institute of National Defense and Strategy Research and the Association of Taiwan University Professors.