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Premier raises eyebrows with yuan forex comment

Premier Liu Chao-shiuan said in an interview with Dow Jones Newswires on Thursday that Taiwan could consider including the Chinese yuan in its foreign exchange (forex) reserves, but his view was not shared by other government officials.

During the interview, Liu said Taiwan could consider including the yuan in its foreign exchange reserves as cross-strait ties expand at an unprecedented pace.

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Chinese broadcasters are told to cold-shoulder BBC

The BBC’s ambitions in China, one of the fastest-growing television markets in the world, could be undermined by the Chinese government’s anger over a recent documentary about the Tiananmen Square Massacre.

The Chinese authorities are understood to have ordered state-owned broadcasters in the country not to cooperate with BBC Worldwide, the corporation’s commercial arm, after officials were angered by the film, made by the respected reporter Kate Adie to commemorate the 20th anniversary of the pro-democracy protests. It is understood that domestic broadcasters, including China Central Television (CCTV), have been told not to cooperate with BBC Worldwide in buying programs or becoming involved in coproductions. BBC News is believed to be unaffected by the row, however.

Last Updated ( Friday, 07 August 2009 08:05 ) Read more...
 


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Newsflash

The Taipei District Prosecutors’ Office yesterday indicted Taiwan People’s Communist Party Chairman Lin Te-wang (林德旺), along with party members Cheng Chien-hsin (鄭建炘) and Yu Sheng-hung (余聲洪), over alleged contraventions of the Anti-infiltration Act (反滲透法) and asked the court to consider heavy penalties.

Lin, who had been a Central Committee member of the Chinese Nationalist Party (KMT), has traveled to China as a representative of Taiwanese businesspeople in China since 2007, investigators said.

After the KMT stripped him of his membership, Lin in 2016 made a failed bid for the legislative seat representing Tainan’s first electoral district, prosecutors said, adding that he founded the Taiwan People’s Communist Party in 2017 and has been its chairman since then.