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Media Report
January 26 , 2016
  • Bloomberg Business reports: "China's stocks tumbled to the lowest levels in 13 months amid concern capital outflows will accelerate as the economy slows and support for the yuan eats into the nation's foreign reserves....Tuesday's loss was the steepest since Jan. 7, when the Shanghai gauge plunged 7 percent, the second selloff of more than 6 percent in a week that prompted the government to cancel its circuit-breakers program after four days. Stocks dropped even as the People's Bank of China injected 440 billion yuan ($67 billion) into the financial system using reverse-repurchase agreements, the most in three years. Policy makers are trying to keep borrowing costs from rising as they contend with the slowest economic growth in a quarter century."
  • The Washington Post reports: "Taiwan held small-scale military drills on an island it controls just off the Chinese coast Tuesday, in a renewed signal of its determination to defend itself from Chinese threats. The head of Kinmen's defense command said the beach landing exercise and simulated attack by the navy's elite 'frogman' commandos were to show the ability of the armed forces to provide security in the Taiwan Strait ahead of next month's Lunar New Year holiday....Writing Monday in the Communist Party newspaper Global Times, commentator and retired general Luo Yuan said China would never bend in its determination to realize unification, regardless of developments on Taiwan. 'As long as 'peace' has not died, we will give 100 percent,' wrote Luo." 
  • BBC News reports: "Peter Dahlin, 35, has been held since early January amid a crackdown on human rights lawyers and activists. Last week he appeared on state media apparently confessing to breaking the law through his organisation's support of local Chinese rights lawyers. The Swedish embassy confirmed he had left China but gave no further details....More than 280 lawyers, legal assistants and associates were detained in a seemingly orchestrated government campaign last year - most have since been freed, but others now face trial while the whereabouts of others are still unknown."
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