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Chen's son denies interest in poll race

Chen Chih-chung (陳致中), the son of former president Chen Shui-bian (陳水扁), yesterday denied expressing any intention to run for public office, saying the media had misinterpreted a comment he had made a day earlier.

His comment, however, drew mixed reactions from his party, with some Democratic Progressive Party (DPP) members saying that having him run for Kaohsiung City councilor would not be a burden on the party, while others saying it could affect public perception of the party.

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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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Newsflash

President William Lai (賴清德) yesterday said that it would be impossible to achieve cross-strait peace simply by accepting the so-called “1992 consensus” and Beijing’s “one China” principle.

Lai made the remarks at the opening ceremony of the Overseas Community Affairs Council Conference in Taipei after former Chinese Nationalist Party (KMT) lawmaker Cheng Li-wun (鄭麗文), who favors closer ties with Beijing, was elected as KMT chairwoman on Saturday.

The KMT on Sunday confirmed that Cheng had received a congratulatory message from Chinese President Xi Jinping (習近平) for her win and she reiterated her support for the “1992 consensus” in her reply to Xi.