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Taiwan is facing political, economic, and military coercion from the Chinese Communist Party (CCP) amid a significant increase ...

Taipei, Aug. 9 (CNA) The central bank on Monday said it does not sacrifice policymaking independence for higher earnings in a bid to maximize the income it gives to the national treasury, following recent criticism from academics.

Academia Sinica yesterday called on the central bank to adjust its longstanding policy of keeping interest rates low and local currency exchange rates weak, which has contributed to national economic stagnation and excessive liquidity. The Taipei-based research body made the appeal at a news conference after releasing recommendations on how the monetary policymaker can enhance stabilization of Taiwan’s currency market and banking institutions. “Taiwan’s economic and financial development shows stagnation and suggests significant need for reform,” the report said. The central bank in th...

* African governments owe three times more debt to Western banks, asset managers, and oil traders than to China, and are charged double the interest. * The so-called debt-trap narrative exploited by the West against China is untrue, African scholars and economists told Xinhua. * Campaigners have been calling on…

* African governments owe three times more debt to Western banks, asset managers, and oil traders than to China, and are charged double the interest. * The so-called debt-trap narrative exploited by the West against China is untrue, African scholars and economists told Xinhua. * Campaigners have been calling on…