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☆ Jack Ma is praising Alibaba. Wall Street is more cautious
▼ + stars: | 2024-04-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Alibaba shares got a boost last week from news founder Jack Ma is pleased with the company's turnaround so far. They cut their price target to $100 a share, down from $105 previously, while maintaining an overweight rating. Eddie Wu became CEO of Alibaba in September, and is also acting head of the cloud business. They cut their price target by $1 to $105 a share and maintained their buy rating. They have a price target of $85, and, in contrast to the many buy ratings, rate the stock equal weight.

Persons: Jack Ma, Joe Tsai, Ma, Alex Yao, Tsai, Nicolai Tangen, We've, Eddie Wu, Trudy Dai, Daniel Zhang, Kenneth Fong, Douyin, Nomura, Doubao, Ernie, Qianwen, monetization, Morgan Stanley, Gary Yu, — CNBC's Michael Bloom, Arjun Kharpal Organizations: CNBC, Wall Street, JPMorgan, Norges Bank Investment, Alibaba, Commerce, UBS, PDD Holdings, Norges Bank Investment Management Locations: China, U.S, Taobao, BABA

☆ Alibaba co-founders buy more than $200 million worth of shares, sending stock up
▼ + stars: | 2024-01-23 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Alibaba co-founders Jack Ma and chairman Joe Tsai, in front of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 19, 2014. An entity linked to Tsai's family office, Blue Pool, acquired nearly 2 million Alibaba depository shares worth $152 million in the fourth quarter, according to a Tuesday regulatory filing. Separately, sources familiar with the matter told the Times that Ma acquired $50 million worth of Alibaba's Hong Kong stock during the same period. Around the same time the spinoff was canceled, Ma in a regulatory filing said that he would sell 10 million shares worth $870 million. Alibaba shares are down roughly 21% since the cancelled spin-off.

Persons: Alibaba, Jack Ma, Joe Tsai, Ma, Tsai Organizations: New York Stock Exchange, New York Times, Times, Depository, Brooklyn Nets, Ant, CNBC Locations: New York, U.S, Hong Kong

☆ Taiwan made its choice on who will lead it into an uncertain future as China remains hellbent on controlling it, and tough times may lie ahead
▼ + stars: | 2024-01-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +11 min

Read previewTaiwan has elected its new president, the Democratic Progressive Party's Lai Ching-te, who is also the current Vice President. While experts still assess that an invasion of Taiwan remains unlikely in the near future, that doesn't diminish concerns about other ways China could squeeze the island. AdvertisementTaiwan's Vice President and presidential candidate for the ruling Democratic Progressive Party (DPP) Lai Ching-te (C) casts his ballot to vote on January 13, 2024, in Tainan, Taiwan. Nevertheless, the win marks the first time a political party in Taiwan has won a presidential election three times in a row. The supporters of Democratic Progressive Party (DPP) cheer at an election campaign on January 12, 2024 in Tainan, Taiwan.

Persons: —, Party's Lai Ching, Lai's, Lai, Tsai Ing, Lai Ching, Tsai, Getty Images Lai, Hou, Ko Wen, Amanda Hsiao, Annabelle Chih, Nancy Pelosi, flack, Annice Lyn, He's, Hsiao, Hao, Hou Yu, Beijing's, Chuan Kang, Xi Jinping, It'll, Joe Biden's, Xi, Biden, it's, BRENDAN SMIALOWSKI Organizations: Service, Democratic, Taiwan, Business, Democratic Progressive Party, Getty Images, ih, Taiwan's People Party, Kuomintang, KMT, Getty, Washington, NBC, US, People's Liberation Army Locations: Taiwan, China, Beijing, Taipei, New Taipei City, AFP, Tainan, Taichung, Taipei , Washington, San Francisco

☆ Vote counting begins in closely watched Taiwan election
▼ + stars: | 2024-01-10 | by ( Clement Tan | ) www.cnbc.com time to read: +9 min

With China intensifying its rhetoric on its claim over Taiwan, global observers are billing this Taiwan election as highly pivotal for security in the Asia-Pacific at a time of testy U.S.-China relations. If Lai and Hsiao win the Jan. 13 vote for the Taiwan presidential office, it would mark the first time any political party has stayed in office for more than two consecutive terms since Taiwan introduced direct presidential elections in 1996. Campaign posters for various legislative member candidates in Taipei, Taiwan, on Wednesday, Dec. 27, 2023. China's Taiwan affairs office has characterized the self-ruled island's election as a choice between "peace and war, prosperity and decline." "China has always meddled whenever there is an election in Taiwan, but this time, it's the most serious."

Persons: Hou Yu, Hei Leung, Ko Wen, policymaking, Tsai Ing, Ko, Cynthia Wu, Jing Bo, jiun, Sam Yeh, Jing, Tsai, Lai Ching, Hsiao, United States —, Lai, Timothy S, Rich, Jaw Shaw, kong, Hou, Kevin Luo, Xi Jinping, Joe Biden, Xi, Biden, Nancy Pelosi, Rong Xu, Democratic Progressive Party Lai Ching, Yasuyoshi Chiba, DPP's Lai, Weeks Organizations: ih, Anadolu, Getty, Democratic Progressive Party, Kuomintang, Taiwan People's Party, China, Local, KMT, Taiwan Studies, University of Oxford, AFP, Taiwan, Rich Western Kentucky University, Taiwan's National Police Agency, New, DPP, University of Minnesota, Western Kentucky University, U.S, China -, APEC, CNBC, Former U.S, Bloomberg, Taiwan's DPP, Beijing, Cross Straits Service Locations: Taichung, Taiwan, Taipei, Asia, Pacific, U.S, China, Hsinchu, United States, Overconfidence, New Taipei City, China - U.S, Beijing, Taiwan Strait, Kaohsiung

KAOHSIUNG, Taiwan, Sept 28 (Reuters) - Taiwan unveiled its first domestically developed submarine on Thursday, a major step in a years-long project aimed at strengthening the island's defence and deterrence against the Chinese navy. Taiwan, which China claims as its own territory, has made the indigenous submarine program a key part of an ambitious project to modernise its armed forces as Beijing stages almost daily military exercises to assert its sovereignty. "In the past, a domestically developed submarine was considered an impossible task. The programme has drawn on expertise and technology from several countries - a breakthrough for diplomatically isolated Taiwan. Taiwan hopes to deploy at least two such domestically developed submarines by 2027, and possibly equip later models with missiles, the head of the program said this month.

Persons: Tsai Ing, Tsai, Lockheed Martin, Admiral Huang Shu, Carlos Garcia, Walid Berrazeg, Sarah Wu, Ben Blanchard Organizations: Lockheed, Lockheed Martin Corp, Thomson Locations: KAOHSIUNG, Taiwan, China, Beijing, Kaohsiung

Taiwan President Tsai Ing-wen attends a ceremony for the start of construction of a new submarine fleet in Kaohsiung, Taiwan, November 24, 2020. Admiral Huang Shu-kuang, Tsai's security adviser, who is leading the program, said a fleet of 10 submarines - which includes two Dutch-made submarines commissioned in the 1980s - will make it harder for the Chinese navy to project power into the Pacific. He called the submarines a "strategic deterrent" to Chinese warships crossing the Miyako Strait near southwestern Japan or the Bashi Channel that separates Taiwan from the Philippines. "If Taiwan is taken, Japan will definitely not be safe, South Korea will definitely not be safe." Eastern Taiwan is where planners have long envisioned the island's military regrouping and preserving its forces during a conflict.

Persons: Tsai Ing, Ann Wang, Admiral Huang Shu, Huang, Lockheed Martin, Chieh Chung, doesn't, Britain's, Yimou Lee, Gerry Doyle Organizations: REUTERS, Rights, Reuters, Lockheed, Lockheed Martin Corp, U.S ., Shandong, Foundation, Taiwan, Britain's Royal Navy, Thomson Locations: Taiwan, Kaohsiung, Rights TAIPEI, China, Beijing, U.S, Japan, Philippines, Borneo, South Korea, Eastern Taiwan, United States, India, Britain, Gibraltar

☆ Taiwan Expects to Deploy Two New Submarines by 2027 -Security Adviser
▼ + stars: | 2023-09-24 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +6 min

By Yimou LeeTAIPEI (Reuters) - Taiwan hopes to deploy at least two new, domestically developed submarines by 2027, and possibly equip later models with missiles, to strengthen deterrence against the Chinese navy and protect key supply lines, the head of the program said. Admiral Huang Shu-kuang, Tsai's security adviser, who is leading the program, said a fleet of 10 submarines - which includes two Dutch-made submarines commissioned in the 1980s - will make it harder for the Chinese navy to project power into the Pacific. He called the submarines a "strategic deterrent" to Chinese warships crossing the Miyako Strait near southwestern Japan or the Bashi Channel that separates Taiwan from the Philippines. "If Taiwan is taken, Japan will definitely not be safe, South Korea will definitely not be safe." Eastern Taiwan is where planners have long envisioned the island's military regrouping and preserving its forces during a conflict.

Persons: Yimou Lee, Tsai Ing, Admiral Huang Shu, Huang, Lockheed Martin, Chieh Chung, doesn't, Britain's, Gerry Doyle Organizations: Reuters, Lockheed, Lockheed Martin Corp, U.S ., Shandong, Foundation, Taiwan, Britain's Royal Navy Locations: Yimou Lee TAIPEI, Taiwan, China, Beijing, U.S, Japan, Philippines, Borneo, South Korea, Eastern Taiwan, United States, India, Britain, Gibraltar

☆ Typhoon Haikui prompts Taiwan to evacuate thousands, cancel flights
▼ + stars: | 2023-09-03 | by ( ) www.reuters.com time to read: +2 min

[1/4] A lifesaver keeps watch next to a red flag designating the prohibition of swimming as Typhoon Haikui approaches the region, at Sunset Beach in Chatan, Okinawa prefecture, Japan September 1, 2023. Haikui is forecast to make landfall in the mountainous and sparsely populated far southeast of Taiwan late Sunday afternoon. Counties and cities in the east and south cancelled classes and declared a day off for workers. Haikui is expected to be only a Category 1 or 2 typhoon when it hits Taiwan, according to Tropical Storm Risk. After passing across southern Taiwan, Haikui is forecast to cross the Taiwan Strait into China.

Persons: Haikui, Issei Kato, Tsai Ing, Ben Blanchard, Jonathan Oatis, Edwina Gibbs Organizations: REUTERS, Rights, UNI Air, Mandarin Airlines, Sunday, Civil Aeronautics Administration, Thomson Locations: Sunset, Chatan, Okinawa prefecture, Japan, Rights TAIPEI, Taiwan, Haikui, Hong Kong, Chinese, Guangdong, Taiwan Strait, China

☆ Taiwan proposes extra $3 bln spending on new weapons next year
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

A view shows a loitering munition UAV on display as Taiwan's Defence Ministry showcases its domestically developed drones to the media, in Taichung, Taiwan March 14, 2023. REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Aug 24 (Reuters) - Taiwan will spend an extra T$94.3 billion ($2.97 billion) to buy weapons next year including fighter jets, the government said on Thursday as the island bolsters its defences in the face of rising threats from China. Taiwan President Tsai Ing-wen already announced on Monday that overall proposed defence spending for 2024 would be set at T$606.8 billion, a 3.5% increase from the previous year. Defence spending for next year will amount to 2.5% of Taiwan's GDP. ($1 = 31.7490 Taiwan dollars)Reporting by Ben Blanchard and Faith Hung; Editing by Christopher Cushing and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Ann Wang, Tsai Ing, Tsai, Ben Blanchard, Faith Hung, Christopher Cushing, Miral Organizations: Taiwan's Defence Ministry, REUTERS, Rights, Democratic Progressive Party, Defence, U.S . State Department, Pentagon, Thomson Locations: Taichung, Taiwan, Rights TAIPEI, China, Taipei

REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Aug 24 (Reuters) - Taiwan will spend an extra T$94.3 billion ($2.97 billion) to buy weapons next year including fighter jets to bolster its defences against China, the government said on Thursday, and will get a further boost from new F-16 fighter jet tracking systems. Taiwan President Tsai Ing-wen already announced on Monday that overall proposed defence spending for 2024 would be set at T$606.8 billion, a 3.5% increase from the previous year. The United States on Wednesday approved a possible $500 million sale to Taiwan of infrared search and track systems for F-16 fighter jets, as well as other equipment. China, which routinely denounces any foreign arms sales to Taiwan, urged the United States to immediately cancel the planned sale, its foreign ministry said. Tsai has overseen a military modernisation programme to make the armed forces better able to face China, including upgrading a fleet of F-16 fighter jets and developing submarines.

Persons: Ann Wang, Tsai Ing, Po, huei, Tsai, Ben Blanchard, Faith Hung, Andrew Hayley, Christopher Cushing, Miral Organizations: Taiwan's Defence Ministry, REUTERS, Rights, United States, Democratic Progressive Party, Thomson Locations: Taichung, Taiwan, Rights TAIPEI, China, Taipei, United States, United, Beijing

[1/5] Taiwan President Tsai Ing-wen pays tribute to the fallen soldiers during a ceremony commemorating the 65th anniversary of the Second Taiwan Strait Crisis, in Kinmen, Taiwan August 23, 2023. REUTERS/Ann Wang Acquire Licensing RightsKINMEN, Taiwan, Aug 23 (Reuters) - Maintaining peace needs a powerful defence, Taiwan President Tsai Ing-wen said on Wednesday, as she made a rare visit to a frontline island located right next to China, to mark the anniversary of a key military clash with Chinese forces. China has stepped up military activity to try and force democratically-governed Taiwan to accept Beijing's sovereignty, despite strong objections from the government in Taipei. Taiwan fought back at the time with support from the United States, which sent military equipment like advanced Sidewinder anti-aircraft missiles, giving Taiwan a technological edge. Taiwan has controlled Kinmen and Matsu since the defeated Republic of China government fled to Taipei in 1949 after losing a civil war with Mao Zedong's communists.

Persons: Tsai Ing, Ann Wang, Taipei . Tsai, Tsai, Mao Zedong's, Fabian Hamacher, Ben Blanchard, Clarence Fernandez Organizations: REUTERS, Taiwan, U.S, Thomson Locations: Taiwan, Kinmen, China, Taipei ., United States, Taipei, Republic of China

Taiwan's constitution states that the Republic of China is a sovereign state, and that has been a consensus shared by all Taiwan's main political parties. The Republic of China government fled to Taiwan in 1949 after losing a civil war with Mao Zedong's communists, who set up the People's Republic. "It is because if he is elected as the leader of Taiwan, he may come to advance his goal of Taiwan independence, which will provoke a crisis across the Taiwan Strait." China's Taiwan Affairs Office said his comments were "weird" and "deceitful" given that his "Taiwan independence nature" had not changed. China has demanded Taiwan's government accept that both sides of the Taiwan Strait belong to "one China," something Tsai and Lai have refused to do.

Persons: William Lai, Carlos Garcia Rawlins, Lai, Tsai Ing, Mao Zedong's, Wu Xinbo, Joseph Wu, George Yin, Yin, Tsai's, Lai ., Xi Jinping, Taiwan's, Tsai, Meng Chih, cheng, Ben Blanchard, Sarah Wu, Martin Pollard, Casey, Sonali Paul Organizations: International Airport, REUTERS, Rights, Shanghai's Fudan University, National Taiwan University, Taiwan Affairs Office, Cheng Kung University, Casey Hall, Thomson Locations: United States, New York, Paraguay, Taoyuan, Taiwan, Rights TAIPEI, China, Beijing, Taiwanese, Republic of China, People's Republic of China, The Republic of China, Republic, Republic of Taiwan, Hong Kong, Shanghai

☆ Taipei mayor to visit China as tensions simmer with Taiwan
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +2 min

Taipei Mayor Chiang Wan-an with his team after the annual Minan civilian defense drill, which this year focuses on the response from various agencies and volunteer groups if under attack by China in front of Taipei City hall in Taipei, Taiwan May 4, 2023. Taipei Mayor Chiang Wan-an, from the main opposition party the Kuomintang, which traditionally favours close relations with China, will go to Shanghai on Aug. 29-31 for the Taipei-Shanghai City Forum, which was first held in 2010. The Taipei city government said Chiang, a rising Kuomintang star, would lead the delegation to the forum, the theme of which this year is "new trends, new development". The Kuomintang has pushed to resume contacts with China since pandemic controls were lifted, saying that dialogue was needed now more than ever given the tensions over Taiwan. China, which claims the island as its territory, has been carrying out military activities near Taiwan, including regularly sending fighter jets into the air space around it.

Persons: Chiang Wan, Ann Wang, Tsai Ing, Taipei Mayor Chiang Wan, Chiang, Ma Ying, Ben Blanchard, Robert Birsel Organizations: REUTERS, Rights, Shanghai, Kuomintang, Forum, Thomson Locations: Taipei, China, Taipei City, Taiwan, Rights TAIPEI, Shanghai, Taipei Mayor, Taiwan's, Kuomintang

☆ Taiwan steeling itself for Chinese drills over VP's US visit
▼ + stars: | 2023-08-11 | by ( Yimou Lee | ) www.reuters.com time to read: +5 min

The United States has described the stopovers as routine and no reason for China to take "provocative" action. Neither Taiwan nor the United States have given details of Lai's schedule on his stopovers. That includes the prospect of a visit to the United States by Chinese Foreign Minister Wang Yi, which could pave the way for a meeting between U.S. President Joe Biden and Chinese President Xi Jinping. Taiwan believes the scale of the exercises could be smaller than those in April, the Taiwanese official said. Chinese state television this month ran an eight-part series on the People's Liberation Army, some of which focused on Taiwan.

Persons: William Lai's stopovers, Lai, Tsai Ing, Kevin McCarthy, Biden, Wang Yi, Joe Biden, Xi Jinping, China, Jeff Liu, Yimou Lee, Ben Blanchard, Liz Lee, Michael Martina, Robert Birsel Organizations: United, House, Taiwan Affairs Office, People's Liberation Army, China's Eastern Theatre Command, Reuters, Chinese Foreign, American Institute, The U.S . State Department, Thomson Locations: TAIPEI, China, Taiwan, United States, U.S, Beijing, Los Angeles, Taiwan Strait, New York, Paraguay, San Francisco, stoke, Virginia, The, Taipei, Washington

☆ Taiwan presidential front-runner says he can keep peace with China
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

Lai, Taiwan's vice president and the candidate for the ruling Democratic Progressive Party (DPP), has consistently led the majority of opinion polls ahead of the January election. "I will support the cross-strait status quo - which is in the best interests of both the Republic of China, as Taiwan is formally known, and the international community. Lai is expected to visit the United States next month, according to diplomatic sources, as presidential candidates traditionally do, to discuss their policy agenda. Beijing views her as a separatist for refusing to accept the Chinese position that Taiwan and China are part of "one China". Both Tsai and Lai say that the Republic of China, Taiwan's formal name, is already an independent state, despite only 13 countries formally recognising it.

Persons: William Lai, Tsai Ing, Lai, Tsai, Mao Zedong's, Ben Blanchard, Gerry Doyle Organizations: Democratic Progressive Party, Beijing, Thomson Locations: TAIPEI, Taiwan, China, Republic of China, United States, Beijing, People's Republic of China

☆ War would bring disaster to China too, Taiwan presidential contender says
▼ + stars: | 2023-04-15 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, April 15 (Reuters) - War over Taiwan would bring about a "global catastrophe" that China would find it hard to bear, the presidential candidate for Taiwan's ruling Democratic Progressive Party (DPP), William Lai, said on Saturday. China, which views Taiwan as its own territory, staged war games around the island this month, expressing its anger at a meeting in Los Angeles between Taiwan President Tsai Ing-wen and U.S. House of Representatives Speaker Kevin McCarthy. China said it had tested precision strikes and a blockade of Taiwan, whose government denounced the drills and rejects Beijing's territorial claims. Speaking at a campaign event in southern Taiwan's Tainan, Lai, currently Taiwan's vice president, said a war would have no winners, something he hoped China properly understood. "China should clearly realise that once war is launched on Taiwan, Taiwan will admittedly be directly harmed but it will also cause a global catastrophe China will find it hard to bear," Lai said, according to comments provided by the DPP.

☆ Taiwan president thanks fighter pilots as Chinese drills ebb
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +3 min

Taiwan Presidential Office/Handout via REUTERS/File PhotoTAIPEI, April 14 (Reuters) - Taiwan President Tsai Ing-wen on Friday thanked fighter pilots who scrambled against China's air force during its drills around the island and pledged to keep strengthening the armed forces, as Beijing's military activities around the island ebbed. On Friday morning, Taiwan's defence ministry said it had not spotted any Chinese military aircraft crossing the sensitive median line of the Taiwan Strait in the past 24 hours. In its regular morning report on Chinese military activities in the previous 24-hour period, Taiwan's defence ministry said it had seen four Chinese military aircraft and eight Chinese warships around Taiwan. But in an accompanying map of China's activities it did not show any Chinese warplanes crossing the Taiwan Strait's median line, an unofficial boundary between the two. China says it does not recognise the median line and has since August, when it staged war games after then-U.S. House Speaker Nancy Pelosi, flown fighter jets regularly across it.

The inflation data came on the heels of last Friday's employment report, which showed a solid pace of job growth in March and the unemployment rate falling back to 3.5%. In Europe, stock markets rose after the U.S. data and the broad STOXX 600 index was last up 0.5% (.STOXX) and holding near one-month highs. BONDS UP, DOLLAR DOWNU.S. bonds yields fell after the CPI numbers. Rate-sensitive two-year Treasury yields were last down 12 basis points at 3.93% , while U.S. 10-year yields fell 6 bps to 3.37%. The dollar fell with an index measuring the U.S. currency against six rivals down 0.4% at 101.72.

REUTERS/StaffApril 12 (Reuters) - World stocks and bond yields stalled on Wednesday as markets anticipated crucial U.S. inflation data which could give signals on how soon the Federal Reserve will end its aggressive rate hikes. Markets were in wait-and-see mode ahead of the data, with the pan-European STOXX 600 index inching up 0.3% by 0820 GMT, while Britain's FTSE (.FTSE) was up 0.6%. Government bond yields were also little moved with benchmark U.S. 10-year Treasury yields unchanged on the day at 3.43%. "We do not assume that the discrepancy between Fed and market expectations will end today or in the near future," Reichelt said. With oil prices rising again and labour market cooling only gradually, risk remains tilted for core inflation to remain elevated for longer," they said.

☆ Asian stocks ease ahead of US inflation data, Fed minutes
▼ + stars: | 2023-04-12 | by ( Ankur Banerjee | ) www.reuters.com time to read: +5 min

The Eurostoxx 50 futures was down 0.16%, German DAX futures up 0.01% and FTSE futures down 0.07%. The consumer price index is expected to show core inflation rose 0.4% on a monthly basis and 5.6% year-over-year in March, according to a Reuters poll of economists. Markets are now pricing in a 66% chance of the Fed raising interest rates by 25 basis points in May and then pausing for the subsequent meetings, according to the CME FedWatch tool. The Fed last month raised interest rates by a quarter of a percentage point, taking it to a range of 4.75% to 5.00%. With oil prices rising again and labour market cooling only gradually, risk remains tilted for core inflation to remain elevated for longer," they said.

[1/5] Alec Hsu shows to the camera patches depicting a Formosan black bear holding Taiwan’s flag and punching Winnie the Pooh at his store in Taoyuan, Taiwan April 10, 2023. The patch shows an angry Formosan black bear holding Taiwan's flag and punching Winnie the Pooh, with the slogan "Scramble!" The endangered Formosan black bear is seen as a symbol of Taiwanese identity. China claims democratically governed Taiwan as its own territory and has not ruled out taking the island by force. While the Winnie the Pooh patch cannot be found on Chinese social media, Beijing has also been promoting videos and commentary about its drills around Taiwan.

SummarySummary Companies China starts three days of drills around TaiwanTaiwan says 71 Chinese planes crossed Taiwan Strait median lineTaiwan says it will respond calmlyChina angered by Taiwan president meeting U.S. House SpeakerAnnouncement comes shortly after French president left ChinaFUZHOU, China/TAIPEI, April 8 (Reuters) - Seventy-one Chinese military aircraft crossed the sensitive median line of the Taiwan Strait on Saturday as China began drills around Taiwan in anger at President Tsai Ing-wen's meeting with the speaker of the U.S. House of Representatives. The People's Liberation Army said it had started the combat readiness patrols and "Joint Sword" exercises around Taiwan, having said earlier it would be holding them in the Taiwan Strait and to the north, south and east of Taiwan "as planned". SITUATION 'AS EXPECTED'There was no broader sense of alarm in Taiwan about the drills, where people are long accustomed to Chinese threats. European Union chief Ursula von der Leyen, also in China this week to meet Xi, said stability in the Taiwan Strait was of paramount importance. The Taiwan security source said China's recent efforts to charm foreign leaders proved in vain after the announcement of the drills.

☆ China starts drills around Taiwan after U.S. Speaker meeting
▼ + stars: | 2023-04-08 | by ( ) www.cnbc.com time to read: +1 min

Taiwan's president Tsai Ing-wen at an event with U.S. House Speaker Kevin McCarthy, a Republican from California, at the Ronald Reagan Presidential Library in Simi Valley, California, on April 5, 2023. China began three days of military exercises around Taiwan on Saturday to express anger at Taiwan President Tsai Ing-wen's meeting with the speaker of the U.S. House of Representatives, as the island's defense ministry said it would respond calmly. The drills, announced the day after Tsai returned from the United States, had been widely expected after China condemned the meeting with Speaker Kevin McCarthy in Los Angeles. China views democratically governed Taiwan as its own territory and has never renounced the use of force to bring the island under its control. China was using Tsai's U.S. visit "as an excuse to carry out military exercises, which has seriously damaged regional peace, stability and security," the ministry said in a statement.

☆ Taiwan faces choice of 'peace and war', ex-president says after China trip
▼ + stars: | 2023-04-07 | by ( ) www.reuters.com time to read: +3 min

[1/5] Former Taiwanese President Ma Ying-jeou arrives at Taoyuan international airport after concluding his 12-day trip to China in Taoyuan, Taiwan April 7, 2023. Ma is the first former Taiwanese president to ever visit China. Since the defeated Republic of China government fled to Taiwan in 1949 after losing a civil war to Mao Zedong's communists, no serving island leader has visited China. The future is a choice between peace and war," Ma told reporters at Taiwan's main airport after arriving from Shanghai at the end of his 12-day visit to China. Ma said Taiwan could share a "common political basis" with China, which would be in the best interests of the people of Taiwan.

"Wow, the PRC (People's Republic of China) just sanctioned me again, for the second time," Hsiao tweeted in response to the announcement. Taiwan's Foreign Ministry reacted angrily, saying China had no right to "butt in" when it came to Tsai's overseas trips and that Beijing was "deceiving itself" if it thought the sanctions would have any effect. China has also banned the leaders from entering the country, and frozen any properties they have in China, it said. Chinese sanctions will have little practical impact as senior Taiwanese officials do not visit China while Chinese courts do not have jurisdiction in Taiwan. Others on the August sanctions list include Taiwan Foreign Minister Joseph Wu; Wellington Koo, Secretary-General of Taiwan's National Security Council; and DPP politicians.

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