OPENING UP: Foreign firms with Chinese equity investment will be allowed to list on the stock exchange or issue Taiwan Depository Receipts on an individual basis
By Shih Hsiu-chuan

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RED FACES: The head of the IOC press commission said he had been left out of the loop and felt like the fall guy after learning that Web access would be restricted
China said yesterday it was “determined” to maintain its controls on the Internet, amid criticism over its decision to censor the Web for foreign reporters covering the Olympics.

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By Jimmy Chuang
The Ministry of National Defense (MND) said yesterday that the annual Wanan (萬安) air raid drill would be rescheduled after protests over plans to hold it at night.

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US President George W. Bush declared progress in the Iraq war yesterday, saying terrorists “are on the run” and a generally improved security environment should permit further US troop reductions.

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Israel was bracing yesterday for weeks of political turmoil after Prime Minister Ehud Olmert’s shock announcement that he would step down next month, casting a shadow over Middle East peacemaking.

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Some of the most experienced Asian and US foreign policy experts want the new US president to give urgent attention to Asia amid waning US influence and a shifting power balance in the region.

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