Sun, Jan 23, 2005 - Page 8 News List

Let's peg the NT dollar to the yuan

By the Liberty Times editorial

Some of them even defend the refusal of China to allow the yuan to appreciate. They often criticize the accumulation of foreign reserves by Taiwan, while keeping their mouths shut about the more than US$600 billion of foreign reserves China.

It is sincerely hoped that these people and our central bank will not be misled by discourses based on such "Greater China" ideologies. Of course, we understand the dilemma of the central bank.

Taiwan is committed to respecting the free market principle in the foreign exchange market. However, faced with China, which refuses to follow the market principle, the only way out is to insist that the NT dollar not rise unless the yuan also rises.

This is the way to push for Taiwan's economic development.

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