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Cramer's Lightning Round: Eli Lilly is a buy
  + stars: | 2024-11-18 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
Eli Lilly : "This stock is as hated now as it was loved not that long ago...I think that it is a buy." Cameco : "It is an incredibly expensive stock versus the rest of the market...I am a 'ka-ching ka-ching' when it comes to Cameco." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter. Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market. Disclaimer The CNBC Investing Club Charitable Trust holds shares of Eli Lilly and Apple.
Persons: Eli Lilly, Jim Cramer's Organizations: Texas, CNBC, Club, Club Charitable Trust, Apple
Chinese President Xi Jinping on Saturday vowed to work with the incoming U.S. administration of President-elect Donald Trump as he held his final talks with outgoing President Joe Biden on key conflicts from cyber crime to trade, Taiwan and Russia. Biden met Xi for about two hours at a hotel where the Chinese leader was staying, on the sidelines of the Asia-Pacific Economic Cooperation forum in Lima, Peru, for their first talks in seven months. Taiwan President Lai Ching-te is planning to stop in the U.S. state of Hawaii and maybe Guam on a sensitive visit that is sure to anger Beijing in the coming weeks, Reuters reported on Friday. Meanwhile, Taiwan’s former economy minister Lin Hsin-i met Biden at the summit on Friday and invited him to visit Taiwan in the near future. “When Xi meets with Biden part of his audience is not — it’s not solely the White House or the U.S. government.
Persons: Xi Jinping, Donald Trump, Joe Biden, Biden, Xi, , ” Biden, haven’t, Trump, Marco Rubio, Mike Waltz, Lai Ching, Lin Hsin, ” Xi, Jake Sullivan, ” Shen Dingli, , Shen, Ryan Berg Organizations: Economic Cooperation, Republican, Reuters, Embassy, Wednesday, Biden, Pacific Rim, APEC, U.S, Americas, Center for Strategic, International Studies, . Locations: Taiwan, Russia, Asia, Lima , Peru, China, Beijing, U.S, Washington, U.S ., Hawaii, Guam, North Korea, Ukraine, Russian, , United States, Shanghai, Lima, America, Peru
Nelson Ching | Bloomberg | Getty ImagesIt aims to boost production to as much as 3 million vehicles a year by the end of the decade, two of the people said. The bigger number represents a 63% increase on the record 1.84 million vehicles it produced in China in 2022. Last year it produced 1.75 million vehicles there. In response to questions from Reuters, Toyota said in a statement: "With the intense competition in the Chinese market, we are constantly considering various initiatives". It said it would continue to work on making "ever-better cars" for the Chinese market.
Persons: Nelson Ching Organizations: Toyota, Bloomberg, Getty, Reuters, EV Locations: China, Beijing, Jiangsu
The Chinese military has increased its provocative flights around Taiwan by 300% over the last five months, according to the commander of the U.S. Air Forces in the Indo-Pacific Command. In an exclusive interview with NBC News, Gen. Kevin Schneider warned that People’s Liberation Air Force activities have increased dramatically since Taiwan’s new president was inaugurated in May. Schneider noted that the Chinese Air Force has maintained the increased activity level since Lai Ching-te was sworn in on May 20. Chinese President Xi Jinping has said that he intends to unify Taiwan with mainland China and has steadily ramped up military pressure on democratically governed Taiwan. Trump has not committed to defending Taiwan during a Chinese military invasion.
Persons: Kevin Schneider, , Schneider, Lai Ching, te, Lai, Liu Pengyu, , William Lai, Daniel Ceng, Will Trump, Xi Jinping, Xi, William Burns, Donald Trump’s, Trump, Joe Biden’s, they’d, Biden, Feng Hao, Gen Organizations: U.S . Air Forces, Pacific Command, NBC News, Liberation Air Force, Taiwan’s Ministry of National Defense, Chinese Air Force, Embassy, Washington , D.C, Taiwan, Getty, CIA, Bloomberg Businessweek, U.S, Theater Command, PLA, Anadolu, Trump, United States Locations: Taiwan, China, Beijing, Washington ,, Japan, South Korea, Hawaii, Alaska, Guam, Taoyuan, Anadolu, U.S, “ Taiwan, Washington
On the campaign trail, he said Taiwan should pay the US for protection. But a second term for President-elect Donald Trump raises uncomfortable questions for Taiwan at a moment of mounting risks. Advertisement"I think, Taiwan should pay us for defense," Trump told Bloomberg Businessweek in June. Advertisement"There could well be a demand for Taiwan to 'pay' more for its own protection and perhaps to invest in the United States. "The good news for Taiwan is that Taiwan has bipartisan support in the US Congress," Chin said.
Persons: Donald Trump, , Lai Ching, Lai, Trump, Tsai Ing, Wen, Xi Jinping, he's, Chong Ja Ian, Biden, Abrams, Benjamin Blandin, Blandin, James Chin, Chin, Zhu Fenglian, Zhu, Taiwan's, Ting Yeh Organizations: Service, Taiwan, US, Bloomberg Businessweek, Wall Street, National University of Singapore, Pentagon, Air Missile Systems, Patriot, Yokosuka Council, Pacific Studies, Trump, University of Tasmania, China's Taiwan Affairs Office, Taiwan Watch, Nikkei, China Locations: Taiwan, Beijing, Taipei, China, United States, Yokosuka, Asia, Wall Street, Silicon Valley, Nikkei Asia, Ukraine
He also believes Russia is also betting on “US turmoil” under Trump, hoping internal divisions will “distract” Trump from foreign policy. Zelensky, like the others playing to Trump’s vanity through praise, said: “I appreciate President Trump’s commitment to the ‘peace through strength’ approach in global affairs. Those are the central questions now facing Seoul, as Trump has openly considered downsizing the approximately 28,500 US troops stationed in South Korea. Seoul currently pays $1.13 billion annually for American military forces within its territory, a figure which under an agreement signed Monday is expected to rise to $1.26 billion annually in 2026. A screens shows live footage of Donald Trump speaking during a news program in Seoul, South Korea, on November 6, 2024.
Persons: Donald Trump, Trump, CNN’s Clare Sebastian, Vladimir Putin, Hillary Clinton, Clinton, Putin wryly, Joe Biden, Vance’s, Pavel Bednyakov, AP “ Trump, , Dmitry Medvedev, Margarita Simonyan, “ Trump, Dmitry Peskov, , ” Boris Bondarev, ” Trump, Matthew Chance, Benjamin Netanyahu, ” Netanyahu, Biden, , Kamala Harris –, Trump’s, Amir Levy, trepidation, America’s, Nic Robertson, Annalena Baerbock, Baerbock, Remko de, Mark Rutte, Jens Stoltenberg’s, Stoltenberg, Putin, ” Baerbock, Steven Jiang, Xi Jinping didn’t, Xi, Washington’s, Florence Lo, Harris, Will Ripley, Lai Ching, Vance, Lai, Taiwan’s, Kamala Harris, Chiang Ying, Mike Valerio, they’d, They’d, Camp Humphreys, Lee Jin, Will Trump, Kim Jong, Robert C, Kim, Larry Madowo, Ghana Trump, Uhuru Kenyatta, Akinwumi Adesina, Osinbajo, Hailemariam Desalegn, Jonathan Ernst, George W, Bush, It’s, Stefano Pozzebon, Javier Milei, El, Nayib Bukele, Bolsonaro, Gustavo Petro, Mexico’s Claudia Sheinbaum, Sheinbaum, Del Cueto, Rebecca Noble Organizations: CNN, United, Democratic National Committee, Trump, International Media, AP, RT, Kremlin, White, Israel, White House, America, Iranian, German, NATO, European Union, Getty, Dutch, Democratic, Reuters, South China, Taiwan : Defense, Party, Taiwan, Taiwan Relations, Washington, Congress, Kuomintang, KMT, Economic, of Chicago, Bloomberg News, Army, South, North, Korean, Kenyan, Guinea Alpha Conde, Trump , African Development Bank, Ethiopian, Republican, AIDS Relief, Biden, Conservative, Progressives, US, Mexico “, Border Patrol Council Locations: Russia, East, Europe, China, Taiwan, Korean, Africa, Ukraine, CNN’s, London, Moscow, Russian, Kyiv, American, , Jerusalem, Israel, America, Gaza, Lebanon, Iran, Tehran, Hamas, Germany, Soviet, United States, United Kingdom, The Hague, Netherlands, Remko de Waal, Trump, Beijing, , Shanghai, South, Taipei, Asia, Seoul, South Korea, Korea, North Korea, Japan, Tokyo, Washington, Pyongyang, Accra, Ghana, Tanzania, Zambia, Guinea, Trump ,, Nigeria, AFP, Angola, Bogotá, Colombia, Mexico, Venezuela, Nicaragua
TAIPEI, Taiwan— A strong Typhoon Kong-rey made landfall on Taiwan’s east coast on Thursday, the largest storm by size to hit the island in nearly 30 years, closing financial markets, causing hundreds of flights to be canceled and reducing rail services. The fire department reported one person had died when their truck hit a fallen tree in central Taiwan. A firefighter inspects a roof blown away by strong winds and rain from Super Typhoon Kong-rey in Hualien County, Taiwan, on Thursday. Parts of eastern Taiwan have recorded 3.3 feet of rainfall since the typhoon began approaching on Wednesday. The last one, Typhoon Krathon, killed four people earlier this month as it passed through the south of the island.
Persons: rey, , Lai Ching, Gene Huang, ” Sinan Rapongan, Krathon Organizations: Weather Administration, Typhoon Kong, AFP, Getty Images, Reuters, Taiwan Semiconductor Manufacturing, Apple, Nvidia Locations: TAIPEI, Taiwan, Taiwan’s, Taitung, Typhoon, rey, Hualien County, China, Fujian province, Shanghai
AdvertisementChina's warplanes are pressuring Taiwan and have all but eliminated an important dividing line, with near-daily incursions creating a dangerous new normal. Since 2020, Taiwan has released regular, almost daily updates on incursions in its air defense identification zone by Chinese military aircraft. In 2021, the Chinese military flew 972 aircraft into Taiwan's ADIZ, and that number nearly doubled in 2022. "We've become desensitized to high numbers of the military aircraft flying across the median line of the Taiwan Strait," Shattuck told Business Insider. AdvertisementChinese incursions are tiring out Taiwan's forcesThe near-daily ADIZ incursions aren't just changing the status quo in the area; they're also exhausting Taiwan's military.
Persons: , Thomas J, Shattuck, Benjamin Lewis, They're, Nancy Pelosi, We've, hasn't, Lai Ching, of National Defense Yen Teh, Lewis, Lai, Taiwan's, Amanda Hsiao, GAO Organizations: Service, Foreign, Research, deconfliction, Taiwan, Getty, CAP, People's Liberation Air Force, Taiwan's Military News Agency, Anadolu, Getty Images, People's Liberation Army, of National Defense, Democratic Progressive Party Locations: Taiwan, China, AFP, Taiwan Strait, Taiwan's, Getty Images China, Taipei, Washington, Beijing, Taiwan's ADIZ, United States
Taipei, Taiwan AP —The United States has approved $2 billion in arms sales to Taiwan, including the first-time delivery to the self-ruled island of an advanced surface-to-air missile defense system, in a move that has drawn China’s criticism. Taiwan’s presidential office on Saturday thanked Washington for greenlighting the potential arms sales. Beijing last week held war games encircling Taiwan for the second time since Lai took office in May. The NASAMS system has been battle-tested in Ukraine and will help to strengthen the Taiwanese army’s air defense capabilities, Taiwan’s Defense Ministry said. China’s war games last week were aimed at practicing the “sealing off of key ports and key areas” around Taiwan, according to Chinese officials.
Persons: Washington, Lai Ching, Lai, , Karen Kuo, Sam Yeh, Organizations: Taiwan AP, Military, Getty, Foreign Ministry, Air Missile Systems, State Department’s Bureau, Political, Military Affairs, Taiwan’s Defense Ministry Locations: Taipei, Taiwan, United States, China, Beijing, Taiwan Strait, Pingtung county, AFP, Ukraine
KINMEN, Taiwan — Taiwan cherishes its freedom and democracy and no “external force” can change its future, Taiwan President Lai Ching-te said Friday, visiting sensitive frontline islands next to China for the 75th anniversary of a key victory over communist forces. Beijing detests Lai as a “separatist” and views democratically governed Taiwan as its own territory, a claim he rejects, saying only Taiwan’s people can decide their future. The Kinmen battle was a rare victory for Chiang Kai-shek’s forces in the final days of China’s civil war. Soldiers at a ceremony commemorating the 75th anniversary of the Battle of Guningtou in Kinmen, Taiwan, on Friday. No peace treaty or armistice has ever been signed between Taiwan and China, and neither government officially recognizes the other.
Persons: Lai Ching, Mao Zedong’s, Lai, , ” Lai, Beijing detests Lai, Chiang Kai, Hwa Cheng Organizations: People’s Liberation Army, Getty Locations: KINMEN, Taiwan, China, Republic of China, Taipei, Guningtou, Kinmen, Beijing, AFP
TAIPEI, Taiwan — Taiwan’s defense ministry said Tuesday that live-fire Chinese drills in a province facing the island are routine annual exercises but also possibly part of China’s “deterrence effect” in the waters of the Taiwan Strait. China’s Maritime Safety Administration, in a notice late Monday, said an area around Niushan island in Fujian province would be closed off for four hours starting at 9 a.m. Tuesday (9 p.m. Monday ET) for live-fire drills. Taiwan’s defense ministry said in a statement that those exercises were part of routine Chinese training and were being closely monitored. “No matter how large the scale of the drill is, they should not be frequent and close to Taiwan,” he said. China detests Taiwan President Lai Ching-te, who took office in May, as a “separatist” and has rebuffed his calls for talks.
Persons: Niushan, Cho Jung, , Lai Ching, Lai Organizations: Safety Administration Locations: TAIPEI, Taiwan, Taiwan Strait, Niushan, Fujian, China, Beijing, Taipei
China will never commit to renouncing the use of force over Taiwan, the government in Beijing said on Wednesday after another bout of war games and a visit by Chinese President Xi Jinping to the scene of a famous defeat for Taiwanese forces. China will never commit to renouncing the use of force over Taiwan, the government in Beijing said on Wednesday after another bout of war games and a visit by Chinese President Xi Jinping to the scene of a famous defeat for Taiwanese forces. China, which views democratically governed Taiwan as its own territory, staged a day of large-scale drills around the island on Monday that it said were a warning to "separatist acts" following last week's national day speech by Taiwan President Lai Ching-te. "But we will never commit ourselves to renouncing the use of force," he said. Taiwan has close though unofficial relations with the United States, a major arms supplier, and its allies.
Persons: Xi Jinping, Lai Ching, Chen Binhua, Chen Organizations: Taiwan Affairs Office, Taiwan Locations: China, Taiwan, Beijing, United States
Their task is to “strengthen and develop” their strategic partnership, the Russian defense chief added. Russia and China have been bolstering their security coordination in the face of shared frictions with the West. Belousov also held talks a day earlier with Chinese Defense Minister Dong Jun, who ranks below Zhang in China’s military hierarchy. Belousov’s arrival in Beijing Monday coincided with China’s military flying a record number of fighter jets and other warplanes around Taiwan during large-scale military drills. China said the drills were intended as a “stern warning” to what it described as pro-independence forces in Taiwan.
Persons: that’s, Andrey Belousov, Zhang Youxia, Xi Jinping, That’s, Zhang, Xi, Vladimir Putin, Belousov, Dong Jun, Andrei Belousov, Wang Yi, Putin, Lai Ching Organizations: Hong Kong CNN, US, China’s, Military Commission, Tass, China’s Defense Ministry, Chinese Defense, Russia's Defense, China's, Russian Defence Ministry, Reuters China’s Ministry of Foreign Affairs, Canadian Locations: China, Hong Kong, Beijing, Russia, Washington, Russian, Kazan, BRICS, Moscow, Ukraine, Ocean, Alaska –, South China, Taiwan
TAIPEI, Taiwan — Taiwan’s defense ministry on Tuesday detailed the surge in Chinese warplane activity around the island during war games the previous day, saying it had detected a record 153 Chinese military aircraft. In its daily update on Chinese military activity around the island in the previous 24 hours, Taiwan’s defense ministry said it had spotted 153 Chinese military aircraft, updating a figure given on Monday evening of 125 which it had already said was a record high for a single day. There were also 14 Chinese navy ships and 12 “official ships” — which refers to the coast guard and other military-adjacent vessels — spotted, the ministry said. Speaking to reporters in Taipei, Premier Cho Jung-tai said the drills were not just a Taiwan issue. “Any drills without prior warning will cause great disturbance to peace and stability in the entire region,” he said.
Persons: , Lai Ching, Cho Jung, Locations: TAIPEI, Taiwan, China, Beijing, Taiwan Strait, South China, Taipei
CNN —China flew a record number of fighter jets and other warplanes around Taiwan during its large-scale military drills on Monday, the island’s Defense Ministry said. No Chinese warplanes were spotted entering Taiwan’s sovereign airspace, a step that would be considered a major escalation. While not directly comparable, the spike in Chinese warplanes on Monday superseded the previous daily record in September 2023, when 103 Chinese military aircraft were detected operating around Taiwan in a 24-hour span. In response to the latest incursions, Taiwan’s Defense Ministry said it employed its own aircraft, navy vessels and coastal missile systems to monitor the activity. Armed military vehicles patrol outside the Songshan Airport in Taipei on October 14, 2024 during Chinese military drills.
Persons: Lai Ching, , Lai, Hwa Cheng, Daniel Ceng, Organizations: CNN, island’s Defense Ministry, Coast Guard, Beijing, Taiwan’s Defense Ministry, Taiwanese Air Force, Getty, Communist Party, Taiwan, People’s Liberation Army, Eastern Theater Command Locations: China, Taiwan, Taiwan Strait, Beijing, Hsinchu, AFP, Taipei, Liaoning
A new video shows one of Taiwan's F-16 tracking a Chinese J-15 fighter jet. The "Joint Sword-2024B" drill involved a record number of Chinese aircraft, as well as warships. AdvertisementA new video from Taiwan's response to China's military exercises this week shows a Chinese J-15 carrier-based fighter jet through the sniper pod on an American-made F-16. In the footage, a Taiwanese F-16 uses its sniper pod surveillance system to track a Chinese J-15, presumably from the Chinese carrier that participated in the Chinese drills. Taipei rejects China's claims of sovereignty over it and has consistently worked to bolster Taiwan's military to deter and defend.
Persons: , Lockheed Martin, URfScDhgdj — Ryan Chan 陳, China's, Lai Ching Organizations: Service, Military News Agency, Ministry of National Defense, Lockheed, China PLA Navy, CAP, Getty, People's Liberation Army, Independence Locations: Taiwan, Taiwanese, Russian, China, Shenyang, Liaoning, Taiwan Strait, Xinhua, People's Republic of China, Republic of China, Beijing, Taipei
AdvertisementA record number of Chinese military aircraft flew around Taiwan during large-scale war games on Monday, new data from the nation's defense ministry shows. The drills, called "Joint Sword-2024B," involved joint forces simulating surrounding Taiwan, blockading ports, striking targets, and executing assaults. A map from the Taiwanese Ministry of Defense shows the areas of Chinese aircraft operations around the main island of Taiwan. Taiwan's Ministry of DefenseEarlier Monday, Taiwan's defense ministry reported 125 Chinese aircraft sorties conducted by 72 aircraft, with 57 entering the de facto ADIZ. The Chinese military called the drills a "stern warning."
Persons: Taiwan's, , Lai Ching, Li Xi, GREG BAKER Organizations: Service, Taiwan's Ministry of Defense, People's Liberation Army, Taiwanese Ministry of Defense, CAP, PLA Eastern Theater Command, Getty Images, Lai's Locations: Taiwan, Beijing, China, Taipei, AFP, Getty Images Beijing, Liaoning
HONG KONG — China conducted large-scale military drills around Taiwan on Monday in what it said was a warning to “independence forces” on the Beijing-claimed island. The exercises had been expected after Beijing criticized a speech last week by Taiwan President Lai Ching-te. China, which has not ruled out the use of force in achieving its unification goal, views Lai as a separatist and a “troublemaker.” The Chinese military also held two days of “punishment” drills around Taiwan after his inauguration in May. “The existence of the Republic of China is an undeniable fact,” it said in a statement, using the formal name for Taiwan. Lai said in his speech that Taiwan and China were “not subordinate to each other.”“On this land, democracy and freedom are growing and thriving.
Persons: , Lai Ching, Lai, Li Xi, Mao Ning Organizations: Taiwan, Chinese Defense Ministry, ‘ Taiwan, Theater Command, Taiwan’s Ministry of National Defense, Mainland Affairs Council, Chinese Communist Party, Foreign Ministry Locations: HONG KONG — China, Taiwan, Beijing, China, ‘ Taiwan Independence, Republic of China, Taiwan Strait, ” China, People’s Republic of China
Taiwan President Lai Ching-te gives a keynote address on national day to mark the 113th birthday of the Republic of China, Taiwan's formal name, in Taipei, Taiwan October 10, 2024. The Chinese military's Eastern Theatre Command said the "Joint Sword-2024B" drills were taking place in the Taiwan Strait and areas to the north, south and east of Taiwan. In 2022, shortly after then-U.S. House Speaker Nancy Pelosi visited Taiwan, China fired missiles over the island. Taiwan's China policy making Mainland Affairs Council said that China's latest war games and refusal to renounce the use of force were "blatant provocations" that seriously undermined regional peace and stability. Joseph Wu, the secretary-general of Taiwan's National Security Council, said Taiwan would "stay alert" but would remain "moderate and responsible, maintain status quo across the Taiwan Strait."
Persons: Lai Ching, Ann Wang, Lai, Nancy Pelosi, Joseph Wu, Wu Organizations: Reuters China's, Eastern Theatre Command, ., Affairs Council, Taiwan's, Affairs, Taiwan's National Security Council Locations: Taiwan, Republic of China, Taipei, Taipei and U.S, China, Beijing, Taiwan Strait, Taiwan's China
China’s military exercises around Taiwan, a democracy of 23 million people, have become increasingly frequent in recent years and have tended to coincide with events that have angered Beijing. In August 2022, China launched a week of military drills following a visit to the island by then-US House Speaker Nancy Pelosi. Ahead of the drills, the Eastern Theater Command released a propaganda video entitled “prepared for battle” on its social media accounts. The PLA did not say whether the drills involved live fire exercises, and, as of now, China has not launched any missiles. A total of seven Chinese warships plus additional Coast Guard vessels were detected near the Taiwan Strait, according to the ministry.
Persons: , Nancy Pelosi, Lai Ching, , Lai, ” Lai, Communist Party’s, China’s, Xi, Matthew Miller Organizations: Taipei CNN, Eastern, Command, US, Taiwan, Eastern Theater Command, Taiwan’s Defense Ministry, Communist, Communist Party, People’s Liberation Army, PLA, Eastern Command, Guard, United Locations: Hong Kong, Taipei, Taiwan, Beijing, China, Liaoning, Philippines, Communist China, People’s Republic of China, Matsu, Taiwan Strait, United States
China conducted a large-scale military exercise surrounding Taiwan on Monday. China employed a number of warships, as well as its first aircraft carrier, and dozens of aircraft. AdvertisementIn a warning, China's military surrounded Taiwan during a military exercise on Monday, demonstrating its ability to blockade key ports, execute strikes, and assault positions. China's military, the People's Liberation Army, announced the "Joint Sword-2024B" exercises on Monday morning, with its Eastern Theater Command dispatching troops to conduct joint military drills in the Taiwan Strait and around Taiwan and its outlying islands. In response to the Chinese military drills, Lai posted on X that China aimed "to undermine stability and the status quo, failing to live up to global expectations."
Persons: , Li Xi, Li, Daniel Ceng, URfScDhgdj — Ryan Chan 陳, Lai Ching, X3SvV8sQY4 — Ian Ellis, Lai Organizations: Service, People's Liberation Army, Eastern Theater Command, PLA Eastern Theater Command, Getty, Taiwan's Ministry of National Defense, PLA, PLA Navy, Ministry of Defense, Liaoning, Sanya Naval, China PLA Navy Locations: China, Taiwan, Anadolu, Liaoning, Sanya, Sanya Naval Base, Hainan, South, Taiwan Strait, Taiwan's, Beijing
China is studying further trade measures against Taiwan, the Ministry of Commerce said on Saturday, two days after Beijing slammed a speech by Taiwan President Lai Ching-Te. The Democratic Progressive Party, Taiwan's ruling party, has not taken any practical measures to lift "trade restrictions" on mainland China, the commerce ministry said in a statement on its official website. "At present, relevant departments are studying further measures based on the conclusions of the investigation into trade barriers from Taiwan (against mainland China)," it added. The Saturday announcement from China's commerce ministry could portend tariffs or other forms of economic pressure against the island in the near future. In May, China reinstated tariffs on 134 items it imports from Taiwan, after Beijing's finance ministry said it would suspend concessions on the items under a trade deal because Taiwan had not reciprocated.
Persons: Lai Ching, detests Lai, Lai Organizations: Taiwan, Ministry of Commerce, Democratic Progressive Party, Taiwan Affairs Office, Reuters Locations: China, Beijing, Taiwan, People's Republic of China
China has no right to represent Taiwan, but the island is willing to work with Beijing to combat global challenges such as climate change, Taiwan President Lai Ching-te said on Thursday, striking both a firm and a conciliatory tone. Lai, who took office in May after being elected in January, is detested by China, which calls him a "separatist." Giving a keynote national address outside the presidential office in Taipei, Lai reiterated that the Republic of China — the island's formal name — and the People's Republic of China are "not subordinate to each other." The People's Republic of China has no right to represent Taiwan," he said. "I will also uphold the commitment to resist annexation or encroachment upon our sovereignty," Lai said.
Persons: Lai Ching, Lai Locations: Pengjia, Taiwan, China, Beijing, Taipei, Republic of China, People's Republic of China, Taiwan Strait
TAIPEI — Most Taiwanese believe China is unlikely to invade in the coming five years but do see Beijing as a serious threat to the democratic island, a poll by Taiwan’s top military think tank showed on Wednesday. Lee Kuan-chen, another INDSR researcher, said Taiwan's military should continue to boost its defense capacity to build public trust. Taiwan's President Lai Ching-te said on Saturday that it is "impossible" for the People’s Republic of China to become Taiwan’s motherland because Taiwan has older political roots. Taiwan's China policy making Mainland Affairs Council said it was an objective fact that since 1949 the People's Republic of China had never ruled the island. "On the contrary, the Republic of China may be the motherland of the people of the People's Republic of China who are over 75 years old," Lai added, to applause.
Persons: Christina Chen, Chen, Xi Jinping, Yan Zhao, Lee Kuan, Lee, Joe Biden, Lai Ching, Lai, Mao Zedong's, Taiwan Affairs Office's Organizations: Institute for National Defense and Security Research, U.S . Central Intelligence Agency, Getty, Affairs Council, Taiwan Affairs Office, Taiwan Affairs Locations: TAIPEI, China, Beijing, Taiwan, Taipei, AFP, United States, U.S, People’s Republic of China, Republic of China, People's Republic of China, Taiwan's, People's, Republic of China's
CNN —It is “absolutely impossible” for Communist China to become Taiwan’s motherland because the island’s government is older, Taiwan’s president has said in a carefully timed speech that underscores the intense historical rivalry between the two. Despite having never controlled Taiwan, China’s ruling Communist Party has vowed to “reunify” with the self-governing democracy, by force if necessary. But many people on the island view themselves as distinctly Taiwanese and have no desire to be part of the People’s Republic of China. In Beijing, the CCP took power and founded the People’s Republic of China (PRC) on October 1, 1949. They later joined Taiwan’s evolution into a democracy and have made significant ideological transformations, including favoring closer ties with Communist China.
Persons: Lai Ching, China’s, , Lai, Mao Zedong’s, Xi, ” Lai, Lai’s, Republic of China ’, , Ling Tao, ” Xi, Organizations: CNN, Communist Party, CCP, ROC, Nationalist, Kuomintang, KMT, Democratic Progressive Party, Facebook, Nationalists, Communist China, of, People, Xinhua, Locations: Communist China, Taiwan, People’s Republic of China, Beijing, Republic of China, ROC, China, Nationalist, Japanese, Imperial Japan, Mao Zedong’s Communist, Taipei, Taiwan’s, Taiwan Strait, “ Taiwan
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