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Obama promises tougher stance on trade with China

US President Barack Obama promised on Wednesday to get tougher with China on enforcing trade rules, stepping up the tone amid rising friction between the two powers over Taiwan and Tibet.

Obama also hinted that he would take Beijing to task over the strength of its yuan currency, responding to growing restlessness in the US Congress over Chinese monetary policy as the US economy charts an uncertain recovery.

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Ex-KMT legislator Diane Lee receives two-year sentence

Taipei District Court judges yesterday found former Chinese Nationalist Party (KMT) legislator Diane Lee (李慶安) guilty of fraud and forgery over her possession of dual citizenship and sentenced her to two years in prison.

Lee was convicted of four counts of fraud in connection to her US citizenship. An original four-year sentence was commuted to two years.

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Newsflash

The Taiwan High Court yesterday rescinded previous rulings and found former president Chen Shui-bian (陳水扁) and former first lady Wu Shu-jen (吳淑珍) not guilty of corruption, in a retrial of their state affairs fund case.

However, it upheld Chen’s previous conviction for his role in the use of fraudulent receipts to obtain reimbursement for spending from the state affairs fund. On that charge, Chen was given an additional 20-month prison sentence that was cut to 10 months in accordance with a commutation statute.

The court also upheld Chen’s conviction for his role in a money laundering case that concerned a land deal in Taoyuan County’s Longtan (龍潭) and sentenced him to another two years in prison.