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China economic policy under fire at Davos

Political leaders, central bankers and financiers at the World Economic Forum have attacked China’s monetary and trade policy and questioned its ability to tackle an overheating economy.

Top Chinese officials face an increasingly difficult task saying that Beijing is acting in the interest of the world economy by keeping its yuan currency weak against the dollar and maintaining a huge trade surplus — US$196.1 billion last year.

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Formosa Betrayed Movie Opening

Dear Friends:
Formosa Betrayed will be opening in one month (February 26, 2010). We need your help in spreading the word about this important film. Tell your friends to add us at
http://profile.to/formosabetrayed/ or http://groups.to/formosabetrayedthemovie/.

Last Updated ( Thursday, 28 January 2010 14:52 ) Read more...
 


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Newsflash


U.S. President Barack Obama shakes hands with Japanese Prime Minister Shinzo Abe (L) in the Oval Office of the White House in Washington on Friday.
Photo: Reuters

Japanese Prime Minister Shinzo Abe vowed on Friday that he would not “tolerate” any challenge to Japanese control over the contested Diaoyutai Islands (釣魚台), which are called the Senkakus in Japan and are also claimed by Taiwan, after China’s growing incursions into the area.

“We simply cannot tolerate any challenge now and in the future. No nation should make any miscalculation or underestimate the firmness of our resolve,” Abe said at the Center for Strategic and International Studies in Washington.