01-22-08

¤¤°ê©Úµ´¦V½q¨l¬IÀ£©IÆ~ (China Rejects Calls for Pressure on Burma)

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China has rejected demands for stepped up pressure on ally Burma. Chinese Foreign Ministry spokeswoman Jiang Yu told a news conference Tuesday that Beijing does not believe sanctions and applying pressure on Burma are helpful to the resolution of issues.

Her comment followed a meeting Monday in Beijing between senior Chinese foreign policy adviser Tang Jiaxuan and Burmese Deputy Foreign Minister U Maung Myint, who was visiting as a special envoy.

The 15-member UN Security Council, including China, criticized Burma last week for being too slow in bringing about democratic reforms.

Jiang also said China supports the work of UN special envoy Ibrahim Gambari and wants a timetable set for his next visit to Burma.

¬ü¤¤¥¡»È¦æ¦b¥þ²yªÑ¥«©ß°â«á­°®§ (US Central Bank Slashes Interest Rates After Global Stock Sell-off)

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The U.S. central bank¡A the Federal Reserve¡A has cut the key federal interest rate by three-quarters of one percent, in an effort to boost the troubled U.S. economy and stem a sell-off in global stock markets. The Federal Reserve action puts the new rate at three-point-five percent.

A statement issued by the Fed says it took the action in light of "weakening" economic outlook and tight credit that is hampering business.

Stock markets around the world have been in an accelerated decline for the past two days, as investors worry that a slowing U.S. economy could hurt businesses in the many nations that trade with the United States.