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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


Lawyer and Chinese Nationalist Party (KMT) member George Wang yesterday prepares to file a lawsuit with the Taipei District Prosecutors’ Office over the unexplained loss of value of the party’s assets.
Photo: Chien Li-chung, Taipei Times

George Wang (王可富), lawyer and former legal consultant to Ma Ho-ling (馬鶴凌), yesterday filed suit against 13 elite members of the Chinese Nationalist Party (KMT) — including President Ma Ying-jeou (馬英九) — accusing them of breach of trust and embezzling NT$200 billion (US$6.3 billion) worth of party assets.

“Ma Ying-jeou is behind the unexplained depreciation of party assets,” Wang said as he filed the suit with the Taipei District Prosecutors’ Office.