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☆ China's rapidly dwindling future will shape the world for decades to come
▼ + stars: | 2024-01-21 | by ( Linette Lopez | ) www.businessinsider.com time to read: +14 min

Everything was getting bigger — its cultural influence, geopolitical ambition, population — and seemed poised to continue until the world was remade in China's image. But now China's economy is withering, and the future Beijing imagined is being cut down to size along with it. What Beijing does — or fails to do — to fight this malaise will determine the course of humanity for decades to come. China's deflation worries started in earnest in the summer. Years of overbuilding — by about double the population, according to some estimates — and slowing population growth caused prices to collapse .

Persons: Minxin Pei, there's, Charlene Chu, Autonomous Research Charlene Chu, Chu, Wei Yao, Générale, I'm, Ben Bernanke, Bernanke, Xi Jinping, Xie Huanchi, Société Générale's Yao, Yao, It's, —, aren't, Logan Wright, Wright, Xi doesn't, Jinping, it's, Xi, Claremont's Pei, magnanimity Organizations: Claremont McKenna College, Autonomous Research, Federal Reserve, Getty Images Japan, Chinese Communist Party, Xi, CCP Locations: China, Beijing, dauphin, Xinhua, Japan, Xi's China, East Asia, Taiwan, Europe

The Red Square mausoleum where his embalmed corpse lies in an open sarcophagus is no longer a near-mandatory pilgrimage but a site of macabre kitsch, open only 15 hours a week. The ideology that Lenin championed and spread over a vast territory is something of a sideshow in modern Russia. “As a result of Bolshevik policy, Soviet Ukraine arose, which even today can with good reason be called ‘Vladimir Ilyich Lenin’s Ukraine.' The Mayakovsky poem that proclaimed Lenin's immortality was “a parting word, or a spell, or a curse,” Rudakov said. At the annual military parade through Red Square, the structure is blocked from view by a tribune where dignitaries watch the festivities.

Persons: soothed, “ Lenin, Lenin, Vladimir Lenin, Vladimir Mayakovsky, Vladimir Putin's, Konstantin Morozov, Gennady Zyuganov, ”, Putin, Vladimir Ilyich Lenin’s, ” Putin, “, VTsIOM, Nadezhda Krupskaya, Lenin's, Yuri Annenkov, Josef Stalin, Leon Trotsky, Russian Orthodox Church —, Bolsheviks —, Stalin, Trotsky, Lenin ”, ’, Vladimir Rudakov, ” Rudakov, Jim Heintz Organizations: Moscow Zoo, Communist Party, Russian Academy of Sciences, AP, Union of Russian Architects, Russian Orthodox Church, Bolsheviks, Tass, The Associated Press Locations: Soviet Union, Russia, Moscow, St, Petersburg's Finland, United Russia, Ukraine, Soviet Ukraine, Vladimir Ilyich Lenin’s Ukraine, Soviet, Russian, Red, USSR, Estonia

☆ Trump seeks to crush Haley’s 2024 dreams and put a lock on nomination this week
▼ + stars: | 2024-01-21 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Manchester, New Hampshire CNN —Donald Trump is demanding far more than a win in Tuesday’s New Hampshire primary. That’s what we are here to tell you what we in South Carolina want,” 76-year-old Gov. It was also a clear attempt at intimidating Haley into folding her campaign if she loses Tuesday, before the race even gets to South Carolina. In the CNN poll, conducted by the University of New Hampshire, Trump has expanded his lead with 50% support among likely GOP voters while Haley stands at 39%. The former South Carolina governor suffered a similar enthusiasm gap in Iowa, and after Sunday, she has only a day to turn it around in New Hampshire.

Persons: New Hampshire CNN — Donald Trump, Nikki Haley, Trump, Haley’s, Haley, It’s, ” Trump, Henry McMaster, baying Trump, ” McMaster, Russell Fry, Mr, Donald Trump, South Carolina Sen, Tim Scott, “ I’m, ” Scott, CNN’s Dana, “, ”, Biden, ‘, Trumper, …, Chris Sununu, credibly, “ I’ve, ” Sununu, Ron DeSantis, Bill Clinton, Sen, John McCain’s, George W, Bush, Hillary Clinton’s, Barack Obama, She’s, Joe Biden, America, Kim Jong, Nancy Pelosi, ” Haley, Judith Sheindlin, Judy, Viktor Orban, Edward Young –, – Organizations: New Hampshire CNN, Republican, CNN, GOP, Republicans, Spice, . South Carolina Rep, Trump, South, Republican Gov, NBC, Carolina showboating, University of New, Florida Gov, Iowa, New Hampshire –, Capitol, Hungarian, “ YMCA ”, Village People, “ Trump Locations: Manchester, New Hampshire, Tuesday’s New Hampshire, South Carolina, Iowa, Carolina, Southern, British, ., Myrtle Beach, China, Carolinians, “ State, New Hampshire Trump’s, University of New Hampshire, Keene , New Hampshire, Brick , New Jersey

☆ Opinion: The real story behind Russia’s new ‘Stalin Centers’
▼ + stars: | 2024-01-20 | by ( Opinion Jade Mcglynn | ) edition.cnn.com time to read: +9 min

CNN —Last month, a new ‘Stalin Center’ was opened in Barnaul, Siberia. According to the independent Levada Center, Stalin has taken first place in their ‘who is the greatest figure of all times and all people’ survey since 2012. Students of a military-sponsored school attend the opening of a series of busts of Russian leaders, including Josef Stalin (center), in Moscow, on September 22, 2017. What the West gets wrong about Stalin and PutinMoreover, these comparisons divert attention from important differences between the Stalin and Putin regimes. That is abundantly not the case in Putin’s Russia, where the government instead encourages a ritualistic patriotism and political apathy.

Persons: Jade McGlynn, “, Read, ’, Jade McGlynn Jade McGlynn, Stalin, Vladimir Putin’s, Josef Stalin, Alexander Zemlianichenko, Memorial, Gorbachev, Yury, Putin, Vladimir Putin, Alexander Nemenov, demonize ’ Stalin, —, weren’t, Mikhail Bulgakov Organizations: Center for Strategic, International Studies, CNN, Communists, Kremlin Russian Communist Party, Levada Center, YouTube, Communist, Reuters, Kremlin, Putin Locations: Putin’s Russia, Barnaul, Siberia, Russian, Penza, Bor, Communist, Russia, Vladimir Putin’s United Russia, Moscow, Perm, Baltic, Laski, Ukraine, today’s Russia, Kyiv, Putin Russia

☆ Opinion: Germany’s far right is surging. Banning it would backfire
▼ + stars: | 2024-01-19 | by ( Opinion Paul Hockenos | ) edition.cnn.com time to read: +8 min

But today, Germany is staring at a surging far right – and the country’s mainstream politicians and democratic citizens, still by far the lion’s share of the population, are understandably rattled. Since then it has veered steadily to the far right, where its members tout barely veiled racism and Islamophobia. But studies show that time and again the accommodation of radical right positions benefits the hard right – and not its imitators. Moreover, democrats of all stripes should expose the far right’s populist arguments for what they are: exaggerations, falsehoods and demagoguery. Germany’s ascendent far right shows that all of Europe – and beyond, including the US – could be at a tipping point.

Persons: Paul Hockenos, ”, Paul Hockenos Hayyan, Adolf Hitler’s, Reich, Alice Weidel, –, Ulrich Perrey, Holstein Daniel Günther, Vladimir Putin’s, Austria –, Germany’s Organizations: CNN, Berlin CNN, Parliament, Research, Brandeis University Locations: Berlin, New Berlin, Hungary, Italy, Finland, Germany, Schwerin, Schleswig, Vladimir Putin’s Russia, Ukraine, Sweden, Austria, Europe

PALM BEACH, Fla. (AP) — Funeral services for former first lady Melania Trump's mother, Amalija Knavs, are scheduled for Thursday at a church not far from the family's Mar-a-Lago estate. Amalija Knavs was at a 2018 ceremony where the first lady debuted her “Be Best” public awareness campaign to help children. Amalija Knavs was a textile worker and homemaker, while her husband worked as chauffeur before becoming a car dealer. The former first lady, 53, attended high school in the Slovenian capital, Ljubljana, and changed her name to Melania Knauss when she started modeling. Their lawyer said at the time that they applied for citizenship on their own and didn’t get any special treatment.

Persons: Melania, Amalija, Donald Trump, Knavs, Jan, Viktor Knavs, Amalija Knavs, Melanija, Ines, Trump, didn’t Organizations: Episcopal, of Bethesda, Trump, White, Communist Locations: PALM BEACH, Fla, Lago, Knavs, Miami, New York, Sevnica, Slovenia, Yugoslavia, Slovenian, Ljubljana, United States, New York City

☆ The next country to land humans on the moon in the next 10 years 'sets a precedent' for who decides the rules there: US officials
▼ + stars: | 2024-01-18 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Their worries were largely directed at efforts by China to forge its own space dominance and land astronauts on the moon in the next decade. "I don't think Artemis 3, the landing mission, is at all realistically scheduled." "I think that China has a very aggressive plan," NASA Administrator Bill Nelson said on January 9. Its lead-up to the lunar base involves crewed flights to the moon via its Chang'e missions, which China opened to international collaboration in October 2023.

Persons: —, Frank Lucas, Artemis, Lucas, Neil Armstrong, it's, James Free, Mike Griffin, Griffin, Rich McCormick, Bill Posey, Zoe Lofgren, Bill Nelson, Jing Haipeng, Nelson Organizations: Service, Wednesday, National American Space Agency, Business, Chinese Communist Party, Technology, NASA, Artemis, China, Congressional, GOP, Republican, Democratic, Associated Press Locations: China, Oklahoma, United States, Georgia, Florida, Zoe Lofgren of California, Beijing

☆ China’s population declines for second straight year as economy stumbles
▼ + stars: | 2024-01-17 | by ( Laura He | Simone Mccarthy | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —China’s population shrank for the second year in a row in 2023, marking a deepening of a demographic challenge set to have significant implications on the world’s second largest economy. The population fell in 2023 to 1.409 billion, down some 2.08 million people from the previous year, China’s National Bureau of Statistics (NBS) announced Wednesday. The NBS confirmed that China’s economy grew by 5.2% last year, compared to a government target of around 5%. While this expansion marks a significant pick-up over 2022, when China’s economy grew by just 3%, it is still one of the country’s worst economic performances in over three decades. China’s birth rate also dropped to a new record low of 6.39 births per 1,000 people, down from 6.77 a year earlier and the lowest level since the founding of Communist China in 1949.

Persons: Mao Zedong’s Organizations: Hong Kong CNN, China’s National Bureau of Statistics, NBS, Communist Locations: China, Hong Kong, Communist China, India, Beijing

☆ First Prosecution Witness Testifies Against Jimmy Lai in Hong Kong
▼ + stars: | 2024-01-17 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

By Jessie Pang and Edward ChoHONG KONG (Reuters) - The first prosecution witness to testify in a landmark national security case against Hong Kong media tycoon Jimmy Lai said on Wednesday he had been instructed by Lai to call people to join protests in 2019 and draw the attention of western democracies. The witness, Cheung Kim-hung, said Lai believed a proposed law that would allow people in Hong Kong to be sent to China to face trial in courts controlled by the Communist Party would be used to crackdown on the territory's democracy and freedoms. He told the court that the image of Lai "was all along very clear, who pursued democracy, freedom and was anti-totalitarian". Hong Kong officials say Lai will receive a fair trial. Both Chinese and Hong Kong officials have said the national security laws were vital to restoring stability in Hong Kong.

Persons: Jessie Pang, Edward Cho HONG, Jimmy Lai, Lai, Cheung Kim, Cheung, Hong, Apple, Chan Pui, Yeung Ching, kee, Andy Li, Chan, Edward Cho, Dorothy Kam, Greg Torode, Neil Fullick Organizations: Reuters, Hong, Communist Party, Apple, Next Locations: Edward Cho HONG KONG, Hong Kong, China, Beijing, Britain, United States

☆ From an Arctic Prison, Navalny Says Putin's Russia Will One Day Crumble
▼ + stars: | 2024-01-17 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

By Guy FaulconbridgeMOSCOW (Reuters) - Russia's most famous opposition politician, Alexei Navalny, said on Wednesday that President Vladimir Putin's state would one day crumble along with the post-Soviet elite which he cast as venal, power-hungry and duplicitous. Putin's state is not viable. Navalny, who has been sentenced to stay in jail until he is 74, has repeatedly warned that Putin's Russia is a state run by "thieves and criminals" and that one day there will be seismic change via revolt. Navalny is in jail, his movement is outlawed and most of his key supporters have fled abroad. Russia denies Navalny's claims that Russia's secret police poisoned him with Novichok.

Persons: Guy Faulconbridge MOSCOW, Alexei Navalny, Vladimir Putin's, lampooning, Navalny, Putin, Navalny's, Novichok, Guy Faulconbridge, William Maclean Organizations: CPSU, Communist Party of, U.S, CIA Locations: Soviet Union, Russia, Navalny, Germany, Siberia

☆ Ukraine's Ally Poland Looking Into How to Make More Ammunition - Foreign Minister
▼ + stars: | 2024-01-17 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

By Antoni SlodkowskiDAVOS, Switzerland (Reuters) - Poland's new government is looking into how it can make more ammunition and military equipment as it works on a new aid package for Ukraine, Foreign Minister Radoslaw Sikorski said in Davos on Wednesday. "We're examining what options we have of making more ammunition and equipment and also what we still have in our stores." Sikorski's remarks indicated Warsaw is looking into ways to produce more ammunition and military hardware to be able to send more military aid to Kyiv. Sikorski acknowledged that Ukraine and Poland, which is a member of both the EU and NATO, must keep working on resolving challenges. Sikorski said Poland was "back from a faraway trip into populism" after eight years of PiS in power.

Persons: Antoni Slodkowski, Radoslaw Sikorski, Sikorski, Sikorski's, Mr Putin, he'd, Polish hauliers, PiS, Alan Charlish, Timothy Heritage Organizations: Wednesday, European Union, Ukrainian hauliers, Kyiv, Reuters, Economic, Law and Justice, TRUCKERS Sikorski, EU, NATO Locations: Antoni Slodkowski DAVOS, Switzerland, Ukraine, Davos, Warsaw, European, Swiss, Polish, Poland, U.S

☆ Premarket stocks: Why Wall Street should worry about retail
▼ + stars: | 2024-01-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

Consumer spending accounts for about 70% of America’s gross domestic product, the broadest measure of the US economy, so a recession is nearly impossible as long as consumer spending is growing. Wednesday’s report is expected to be a good one — economists polled by FactSet expect that a strong holiday shopping season boosted consumer spending by 0.4% in December from the month prior. But new data from the New York Federal Reserve on Tuesday has soured the mood on Wall Street. The outlook for consumer spending doesn’t look so bright, either. The trend marked the deepening of a demographic challenge set to have significant implications on the world’s second largest economy, report my colleagues Laura He and Simone McCarthy.

Persons: Alicia Wallace, shutdowns, It’s, Brian Moynihan, ”, CNN’s Richard Quest, they’ve, Bob Iger, Samantha Delouya, Walt Disney, Iger’s, Disney, Laura, Simone McCarthy Organizations: CNN Business, Bell, New York CNN, FactSet, New York Federal Reserve, Consumer, Hamas, Federal Reserve, Bank of America, Economic, Disney, National Bureau of Statistics, Communist, NBS Locations: New York, Suez, Iranian, Asia, Europe, United States, Drewry, Davos, Switzerland, China, Communist China

☆ China Has No Options Left on Taiwan Except Military Action - The New York Times
▼ + stars: | 2024-01-17 | by ( Michael Beckley | ) www.nytimes.com time to read: +2 min

), which asserts that Taiwan is already independent from China and should stay that way, an unprecedented third consecutive presidential victory. Determined to maintain their autonomy, the people of Taiwan are drifting further from China and won’t come back voluntarily, elevating military action as one of the only options left for China to effect the unification with Taiwan that it has long sought. government lost a civil war against Communist Chinese forces and fled to Taiwan, dividing the two sides. In 1994, more Taiwanese considered themselves exclusively Chinese than Taiwanese, and more favored moving toward unification with China than toward independence. As a result, President Xi Jinping of China has increasingly turned to wielding the stick — economic coercion, military threats and an online disinformation campaign in Taiwan — to pressure the island's people into unification.

Persons: Lai Ching, won’t, Xi Jinping Organizations: Democratic Progressive Party, Kuomintang, Communist Locations: China, United States, Taiwan, Beijing

China’s ruling Communist Party is facing a national emergency. To fix it, the party wants more women to have more babies. Chinese women have been shunning marriage and babies at such a rapid pace that China’s population in 2023 shrank for the second straight year, accelerating the government’s sense of crisis over the country’s rapidly aging population and its economic future. China said on Wednesday that 9.02 million babies were born in 2023, down from 9.56 million in 2022 and the seventh year in a row that the number has fallen. China’s total population was 1,409,670,000 at the end of 2023, according to the National Bureau of Statistics.

Persons: China’s Organizations: Communist Party, National Bureau of Statistics Locations: China

HONG KONG (AP) — China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven. Official data released Wednesday showed that the Chinese economy grew 5.2% for 2023, surpassing the target of ‘about 5%’ that the government had set. The growth for 2023 is likely helped by 2022’s GDP of just 3% as China’s economy slowed due to COVID-19 and nationwide lockdowns during the pandemic. For the fourth quarter, China’s gross domestic product also grew at 5.2% compared to the same time last year. Fixed-asset investment — spending on factory equipment, construction and other infrastructure projects to drive growth — grew 3% year on year in 2023.

Persons: ”, Li Qiang Organizations: China’s National Bureau of Statistics, Communist Party Locations: HONG KONG, China

☆ Opinion: The repercussions from Taiwan’s election will continue for years
▼ + stars: | 2024-01-16 | by ( Opinion Lanhee J. Chen | ) edition.cnn.com time to read: +7 min

CNN —For the US, Saturday’s Taiwan election results signal the continuation of heightened tension with China over the issue of Taiwan’s sovereignty. This will be the case regardless of who wins the US presidential election in November. In fact, support for Taiwan is one of the few policy issues on which there is agreement between Republicans and Democrats. Overall, Taiwan’s voters chose continuity over change by delivering a victory to Lai and the incumbent DPP. Taiwan's President-Elect, Lai Ching-te (left), celebrates with his running mate, Hsiao Bi-khim, during a rally outside the headquarters of the Democratic Progressive Party (DPP) in Taipei on January 13, after winning the presidential election.

Persons: J, Chen, David, Diane Steffy, Romney, Ryan, Lai Ching, Lanhee J, Chen Lanhee J . Chen, Lai, Hsiao Bi, Joe Biden, Donald Trump, Biden, Hsiao, Yasuyoshi Chiba, China’s, Xi Jinping, Elect Lai, —, ” Xi, Xi, ”, ” Lai Organizations: CNN, Public Policy Studies, Hoover Institution, California State, Republican, Democratic, Democratic Progressive Party, Republicans, Democrats, Taiwan’s, Taiwan's, Getty, Communist Party, Nationalist, Taiwan People’s Party, Beijing’sTaiwan, Chinese Communist Party Locations: Taiwan, China, Taipei and Washington, Taipei, People’s Republic of China, PRC, AFP, Nauru, Beijing, Taiwan Strait

☆ Poland's President and Government at Odds Over Dismissal of State Prosecutor
▼ + stars: | 2024-01-15 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

WARSAW (Reuters) - Poland's justice minister acted illegally in dismissing state prosecutor Dariusz Barski, a top presidential aide said on Monday, opening a new front in the conflict between the head of state and the new government. Justice Minister Adam Bodnar has been tasked with unpicking policies of the previous nationalist Law and Justice (PiS) government which critics say increased political influence over the judicial system. "The actions of the justice minister are illegal," Marcin Mastalerek, the head of Duda's office, told private broadcaster Radio Zet. "The president says directly that Mr Barski is the state prosecutor and today - it seems that this meeting has started - that is what he will tell the prosecutor," Mastalerek said. Bodnar said he had given Jacek Bilewicz the responsibilities of state prosecutor on an interim basis while a selection process for a permanent replacement takes place.

Persons: Dariusz Barski, Adam Bodnar, Andrzej Duda, Marcin Mastalerek, Barski, Zbigniew Ziobro, Mastalerek, Duda, Donald Tusk, Bodnar, PiS, Jacek Bilewicz, Alan Charlish, Anna Koper, Ros Russell Organizations: Law and Justice, Union, Radio Zet Locations: WARSAW, Poland

Despite having cut official diplomatic relations with Taiwan in 1979, the U.S. remains the island's chief diplomatic ally and source of military hardware and intelligence. Lai's victory was a setback for China’s efforts to bring Taiwan under its control. It goes against the expectation of global democratic communities and goes against the will of the people of Taiwan to uphold democratic values. Lai’s victory means the Democratic Progressive Party will hold the presidency for a third four-year term, following eight years under Tsai. Lai won a three-way race for president with 40% of the vote, less than the clear majority Tsai won in 2020.

Persons: —, Tsai Ing, “, Stephen Hadley, Lai Ching, James B, Steinberg, Tsai, ”, Antony Blinken, Lai, Johnson Lai Organizations: U.S, Saturday, Taiwan “, Communist Party, Democratic Progressive Party, United Nations, Nationalists, Kuomintang, KMT, China's, Chinese Foreign Ministry, ___ Associated Press Locations: TAIPEI, Taiwan, China, Hadley, U.S, Asia, Pacific

☆ Veteran investor David Roche says the market is getting it wrong on Taiwan's election result
▼ + stars: | 2024-01-15 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Taiwan's President Tsai Ing-wen speaks as Lai Ching-te, Taiwan's vice president and the ruling Democratic Progressive Party's (DPP) presidential candidate looks on during a campaign rally ahead of the elections in Taipei, Taiwan, January 11, 2024. Carlos Garcia Rawlins | ReutersTaiwan's election results place the island on a "collision course with China" and the market reaction has been too sanguine, according to veteran investor David Roche. Beijing has already dismissed the outcome of Saturday's elections, which saw the ruling Democratic Progressive Party's Lai Ching-te elected president alongside a split parliamentary vote. The DPP rejects the so-called "One China principle" and advocates a separate and distinct Taiwanese national identity. Xi has repeatedly stated that Taiwan will be reunified with China, and has not ruled out using military force to achieve his goals.

Persons: Tsai Ing, Lai Ching, Democratic Progressive Party's, Carlos Garcia Rawlins, David Roche, Party's Lai Ching, Roche, CNBC's, Lai, Xi Jinping, Xi Organizations: Democratic Progressive, Reuters, Democratic, DPP, Independent, CSI, Chinese Communist Party, Citi, KMT Locations: Taipei, Taiwan, China, Beijing

☆ Taiwan's new president will face a divided parliament. Here's why it matters
▼ + stars: | 2024-01-15 | by ( Clement Tan | ) www.cnbc.com time to read: +6 min

A kid runs across the flag of Taiwan banner during the announcement of official results on January 13, 2024 in Taipei, Taiwan. While Lai won the presidential election on Saturday with 40% of the popular vote, his DPP lost 10 seats in Taiwan's parliament from its previous 61, giving up its majority. Taiwan's president- and vice president-elect from the Democratic Progressive Party Lai Ching-te and Hsiao Bi-khim standing along several party's heavyweight on the central stage in Taipei on Janauary 13, 2024 to celebrate victory in Taiwan's 8th presidential election. The Chinese Communist Party has refused to engage with outgoing President Tsai Ing-wen since she assumed office in 2016. Supporters attend the Taiwan People's Party (TPP) campaign rally on January 12, 2024 in Taipei, Taiwan.

Persons: Sawayasu Tsuji, Lai Ching, Han Kuo, rancor, —, Lai, Timothy S, Rich, Sara Newland, TPP, Tsai, Gabriel Wildau, Democratic Progressive Party Lai Ching, Hsiao, Alberto Buzzola, Tsai Ing, Ting Yen Franklin Organizations: Getty, TAIPEI —, Taiwan People's Party, Democratic Progressive Party, Beijing Kuomintang, Kuomintang, KMT, TPP, Rich Western Kentucky University, Smith College, Lightrocket, Chinese Communist Party, Marshall College China, DPP, Chinese Communist Party officials, Taiwan Straits, Western Kentucky University, Supporters Locations: Taiwan, Taipei, China, Taiwan's, Beijing

☆ Why China hates the new president of Taiwan
▼ + stars: | 2024-01-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

"Lai Ching-te clings stubbornly to the separatist position for 'Taiwan independence.' A matter of Taiwan's independenceIn 2017, while he was premier, Lai referred to himself as a "pragmatic worker for 'Taiwan independence.'" AdvertisementLai has pledged to maintain status quo and stability in Taiwan, but China isn't backing down on its stance either. "I think China hates him, really hates him," Wu Xinbo, an international relations professor at Shanghai's Fudan University, told Reuters, referring to Lai. "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," added Wu.

Persons: William Lai Ching, Taiwan's, Lai, —, Wiliam Lai Ching, Lai Ching, Xi Jinping, Wu Xinbo, Wu, Wang Yi, Jeremy Mark, William Lai, Chong Ja Ian, Chong, Tsai Ing Organizations: Democratic Progressive Party, Service, China's Taiwan Affairs Office, Chinese Communist Party, Shanghai's Fudan University, Reuters, Analysts, Lai's, Atlantic Council, Eurasia Group, KMT, National University of Singapore, Carnegie China, Channel News Asia Locations: China, Beijing, Taiwan, South America, Taiwan Strait, Taiwan's

☆ Nauru cuts diplomatic ties with Taiwan in favor of China
▼ + stars: | 2024-01-15 | by ( Nectar Gan | Eric Cheung | ) edition.cnn.com time to read: +1 min

CNN —Nauru has severed diplomatic relations with Taiwan and established ties with China, the Pacific Island nation’s government said in a statement Monday, in a blow to Taiwan’s effort to retain its dwindling number of diplomatic allies. Taiwan also confirmed diplomatic relations had been severed in a press briefing Monday, two days after Taiwanese voters gave the ruling Democratic Progressive Party (DPP) a historic third term. During the DPP’s eight years in power, Taiwan has lost 10 diplomatic allies to China. Naura’s switch of diplomatic allegiance to Beijing leaves Taiwan with only 12 diplomatic allies, mostly small nations in the Pacific Ocean and Latin America as well as the Vatican. This is the second time Nauru had severed diplomatic relations with Taiwan.

Persons: Lai Ching, Lai, Hsiao, China’s Organizations: CNN, Nauru, Democratic Progressive Party, Party, Taiwan Locations: Taiwan, China, Taipei, Beijing, America, Nauru

☆ Who is Lai Ching-te, Taiwan’s new leader and why does China dislike him?
▼ + stars: | 2024-01-14 | by ( Nectar Gan | ) edition.cnn.com time to read: +11 min

On Saturday, Lai, 64, the current vice president from the ruling Democratic Progressive Party (DPP), won a widely watched election to become Taiwan’s next president. Confetti flies over crowds as Lai Ching-te speaks to supporters at a rally at the DPP's headquarters on January 13, 2024 in Taipei, Taiwan. It was 1994, less than a decade after the DPP first emerged from Taiwan’s democracy movement against the authoritarian rule of the Kuomintang (KMT). Louise Delmotte/AP‘Chill out’In the lead-up to the election, China made no secret of its desire to prevent a Lai victory. Hours after Lai declared victory, China dismissed the outcome of Taiwan’s elections, saying the DPP “does not represent mainstream public opinion” on the island.

Persons: CNN — Lai Ching, Lai, Taiwan’s, “, ” Lai, we’re, ”, Xi Jinping, ” “, –, Tsai Ing, Lai Ching, Annice Lyn, I’ve, Louise Delmotte, Hou Yu, Beijing’s, Tsai, Xi, Beijing, Hsiao Bi, Hsiao, ” Lai Ching, Ann Wang, ’ Lai, ” Yang Wei Organizations: CNN, Communist Party, Democratic Progressive Party, “, DPP, Kuomintang, KMT, Communist, ih, National Taiwan University, Reuters, Taiwan People’s Party, Taiwan Affairs Office Locations: Taiwan, China, Taiwan Strait, Beijing, Tainan, Taipei, United States, ”

☆ The 'crown jewel' of the Chinese military appears to have a serious corruption problem, but the US can't afford to bet on its missiles all being defective
▼ + stars: | 2024-01-14 | by ( Chris Panella | ) www.businessinsider.com time to read: +11 min

Recent reports point to corruption and readiness problems in the Chinese military, the rocket force in particular. In the aftermath of the report, an ex-PLA official told Radio Free Asia problems like this have long been rampant in the Chinese military. The rocket force shakeups suggest that there are questions over who can be trusted. Xinhua/Cha Chunming via Getty ImagesConcerns about corruption and readiness stand in contrast with the modernization and strengthening of the Chinese military. Is the PLA, particularly the rocket force, the increasingly formidable force the Pentagon described in a military power report last October?

Persons: It's, —, Tom Shugart, Xi Jinping, that's, hotpot, hadn't, bigwig, Xi, Liu Dawei, Shugart, weren't, Lintao Zhang, Li Shangfu, Li Gang, ISW, there's, Andy Wong Organizations: Service, People's Liberation Army, US, Center, New, New American Security, Liberation Army, Getty Images, Bloomberg, PLA, Rocket Force, Radio Free, 14th China International Aviation, Aerospace Exhibition, Getty, Liberation Army Rocket, Business, United, Naval, Army, Air Force, Communist, of, Defense, Chinese Communist Party, Liberation Army's Army Infantry College, Li, Pentagon, U.S . Nimitz, US Army Locations: New American, Taiwan, Hefei, Anhui province, Radio Free Asia, Zhuhai, Guangdong Province, Xinhua, United States, Beijing, China, PLA, Gutian, Jiangxi Province, U.S, Tiananmen, Pamir, Kashgar, China's Xinjiang, Pacific

☆ Former China Everbright Group Chairman Arrested on Suspicion of Corruption -State Media
▼ + stars: | 2024-01-14 | by ( Jan. | At P.M. | ) www.usnews.com time to read: 1 min

BEIJING (Reuters) - A former chairman of state-owned financial conglomerate China Everbright Group, Tang Shuangning, was arrested on suspicion of taking bribes and corruption, state media reported on Monday, citing China’s top prosecutor. Tang, 69, was expelled from China's Communist Party earlier this month for severe violations and disciplines, in an intensified campaign aimed at weeding out corrupt officials in the financial sector. Reuters was not immediately able to reach Tang for comment. Tang served as vice chairman of China's top banking regulator in 2003 before he was appointed as chairman of China Everbright Group in 2007. (Reporting by Ziyi Tang and Ryan Woo; Editing by Tom Hogue and Christian Schmollinger)

Persons: Tang Shuangning, Tang, People's Procuratorate, Ziyi Tang, Ryan Woo, Tom Hogue, Christian Schmollinger Organizations: China Everbright Group, China's Communist Party, Reuters Locations: BEIJING, China

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