DIRS.INFO The most relevant business & tech news

☆ China issues guidance for basic elderly care system by 2025
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +2 min

BEIJING, May 21 (Reuters) - China has issued guidance to all provinces to build a basic elderly care system by 2025, state-run Xinhua news agency said on Sunday, in the latest step to prevent a demographic crisis. "Promoting the construction of the basic elderly care service system is an important task for implementing the national strategy of actively responding to population ageing and achieving equalisation of basic public services," Xinhua said. It said the guidelines require all provinces to implement a list of basic elderly care services, based on factors such as economic and social development level and financial situation. Provinces must improve the basic pension system service and implement a long-term care security system that connects insurance, welfare and assistance, the statement said. The state-run Chinese Academy of Sciences sees the pension system running out of money by 2035.

☆ Guatemala president pledges strong support for 'Republic of Taiwan'
▼ + stars: | 2023-04-25 | by ( ) www.reuters.com time to read: +2 min

Speaking at a welcoming ceremony outside Taiwan's presidential office, Giammattei said Guatemala and Taiwan were "brotherly countries" and important allies. Speaking in Spanish, he referred twice to the "Republic of Taiwan", rather than its official name, the Republic of China, generally stylised these days by the government as the Republic of China, Taiwan. Giammattei, standing next to Taiwan President Tsai Ing-wen, ended his speech with a rousing "long live free Taiwan", receiving a broad smile from Tsai who thanked him in English. [1/6] Taiwan's President Tsai Ing-wen walks next to Guatemala's President Alejandro Giammattei during his welcome ceremony in front of the Presidential building in Taipei, Taiwan April 25, 2023. Giammattei is paying a return visit to Taiwan after Tsai visited Guatemala less than a month ago.

[1/4] A Chinese warship fires at a target during a military drill near Fuzhou, Fujian Province, near the Taiwan-controlled Matsu Islands that are close to the Chinese coast, China, April 8, 2023. REUTERS/Thomas PeterFUZHOU, China, April 8 (Reuters) - A Chinese warship in seas facing the Taiwan Strait began live-fire drills on Saturday as Beijing began military exercises it calls a warning against what it considers pro-Taiwan independence forces. China views democratically governed Taiwan as its own territory and has never renounced the use of force to bring the island under its control. Smoke and muzzle flares were visible from the stern of the warship as shells were fired on targets on land and water. When asked about Taiwan, Zhao said he hopes the two sides could "reunite" as quickly as possible.

☆ 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.

☆ Explainer: Why is China so angry about Taiwan president meeting US Speaker McCarthy?
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +4 min

Here are the key issues in Taiwan-U.S., China-U.S. and Taiwan-China relations, why China is so angry about the meeting and what it might do to express its anger:WHY IS CHINA SO ANGRY? China staged war games around Taiwan last August after then-House Speaker Nancy Pelosi visited Taipei, and has threatened unspecified retaliation if the McCarthy meeting goes ahead. Taiwan's official name continues to be the Republic of China, though these days the government often stylises it as the Republic of China (Taiwan). She says the Republic of China and People's Republic of China are "not subordinate" to each other. Beijing says Tsai must accept that both China and Taiwan are part of "one China".

☆ Factbox: Relations between Taiwan and the United States
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +3 min

Here are some facts about the relationship between Taiwan and the United States. * During the height of the Cold War, Taiwan hosted U.S. military bases and the two had a Mutual Defence Treaty. * In 1979, the United States severed official relations with the government in Taipei and instead recognised the government in Beijing. * Post-1979, the U.S. relationship with Taiwan has been governed by the Taiwan Relations Act, which gives a legal basis to provide Taiwan with the means to defend itself, but does not mandate that the United States come to Taiwan's aid if attacked. * The United States retains a large de facto embassy in Taipei called the American Institute in Taiwan, staffed by diplomats.

☆ Taiwan, China must do 'everything possible' to avoid war- former president Ma
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +3 min

[1/3] Former Taiwanese president Ma Ying-jeou meets the head of China's Taiwan Affairs Office of the State Council Song Tao, in Wuhan, Hubei province, China in handout picture released March 30, 2023. Ma Ying-jeou's Office/Handout via REUTERSTAIPEI, March 30 (Reuters) - Taiwan and China must do everything possible to avoid war and it is the responsibility of both sides' leaders to ensure peace, former Taiwan President Ma Ying-jeou told a senior Chinese official on Thursday. Ma arrived in China on Monday, the first time a former or sitting Taiwanese president has visited the country since the defeated Republic of China government fled to Taiwan in 1949 after losing a civil war to Mao Zedong's communists. "The two sides must maintain exchanges, cooperate together, and do everything possible to avoid war and conflict." Ma, who was in office from 2008-2016, met Chinese President Xi Jinping in Singapore in late in 2015 shortly before current Taiwan President Tsai Ing-wen was elected.

☆ 'Steady hand': China surprisingly retains central bank chief
▼ + stars: | 2023-03-12 | by ( Kevin Yao | ) www.reuters.com time to read: +4 min

BEIJING, March 12 (Reuters) - Yi Gang's surprise re-appointment as China's central bank governor on Sunday means a pro-market mind of high international stature will continue to represent the world's second-largest economy on the global stage. The PBOC governor has high global exposure through institutions such as the Group of 20, the International Monetary Fund, the World Bank and others. "The central bank governor is not a job that can be easily taken over by someone else. Under Yi, the central bank has cut the reserve ratio 14 times since early 2018, pumping more than 10 trillion yuan into the economy. "Yi has been a steady hand in managing policy and the appointment underlines the importance of policy stability," said a policy insider who spoke on condition anonymity.

[1/4] China's newly-elected Premier Li Qiang takes an oath after being elected during the fourth plenary session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China on March 11, 2023. Previously the Communist Party chief in Shanghai, Li was confirmed as premier during the National People's Congress, charged with managing the world's second largest economy. "Officials know that Li Qiang is Xi Jinping's guy," he said. "He clearly thinks that Li Qiang is a very competent person and he has put him in this position because he trusts him and he expects a lot of him." American author Robert Lawrence Kuhn, who met Li and Xi together in 2005 and 2006, said the two shared an easy rapport.

Previously the Communist Party chief in Shanghai, Li is poised to be confirmed as premier on Saturday during the ongoing National People's Congress, charged with managing the world's second largest economy. Trey McArver, co-founder of consultancy Trivium China, said Li is likely to be much more powerful than his predecessor. "Officials know that Li Qiang is Xi Jinping's guy," he said. "He clearly thinks that Li Qiang is a very competent person and he has put him in this position because he trusts him and he expects a lot of him." American author Robert Lawrence Kuhn, who met Li and Xi together in 2005 and 2006, said the two shared an easy rapport.

[1/5] Elderly visitors enjoy the sunshine, at a nursing home of Lendlease's Ardor Gardens in Shanghai, China February 27, 2023. Lim says "stigma" around retirement homes in China is quickly disappearing. About 4% of people aged 65 and over in Britain live in retirement homes, according to information service Lottie. Ding Hui, China managing director at Australian real estate firm Lendlease (LLC.AX), expects demand for retirement homes to rise sharply in the next five to 10 years. Government-run nursing homes with basic facilities in Shanghai and Beijing are much cheaper, at about 2,000 yuan ($290) a month.

☆ Exclusive: China increasingly ambitious with 2023 growth target, may aim for up to 6%
▼ + stars: | 2023-03-02 | by ( Kevin Yao | ) www.reuters.com time to read: +5 min

Four of the sources said China was likely to aim for growth up to 6%, while three others said China was targeting 5%-5.5%. "This year's growth target could be 5-6%," said one of the people involved in the discussions. "We need to achieve an economic recovery, boost employment, and confidence, these are the key factors we need to consider." It was also the biggest ever miss of a growth target. Yu said a growth target of above 6% would help "boost morale and stimulate China's economic growth potential."

Some Chinese youth who spoke to Reuters reflected the sense of frustration. But China's Gen Z has its own characteristics that present a dilemma for Xi, some analysts said. A survey of 4,000 Chinese by consultancy Oliver Wyman found Gen Z to be the most negative about China's economic outlook of all the age groups. FIXING THE YOUTHIn a New Year speech, Xi acknowledged the need to improve the prospects of China's youth, without mentioning the protests against his zero-COVID approach. Making housing more affordable could mean allowing a sector responsible for a quarter of China's economic activity in recent years to collapse.

The UN agency said China was heavily under-reporting deaths from COVID, although it is now providing more information on its outbreak. China's foreign ministry said the country's health officials have held five technical exchanges with the WHO over the past month and have been transparent. Concerns over data transparency were among the factors that prompted more than a dozen countries to demand pre-departure COVID tests from travellers arriving from China. Tensions escalated this week with South Korea and Japan, with China retaliating by suspending short-term visas for their nationals. Still, traffic data and other indicators have not yet fully recovered to levels of just a few months ago.

China's Taiwan Affairs Office did not respond to a request for comment. the person said, adding that the calls would connect but Chinese officials wouldn't pick up. Based on a long-standing practice, faxes continue to be exchanged between two semi-official organisations that handle routine affairs: Taiwan's Straits Exchange Foundation and China's Association for Relations Across the Taiwan Straits. The council told Reuters that while Chinese officials do not reply directly, they have handled Taiwanese requests when needed or responded through public statements. China this year labeled Tsai's administration "evil" while Taiwan called China "incredibly absurd".

☆ China says it's running on a new version of democracy that doesn't rely on elections. Experts say it's just another mind game.
▼ + stars: | 2022-10-22 | by ( Matthew Loh | ) www.businessinsider.com time to read: +12 min

He first introduced the term "whole-process democracy" to China in a 2019 speech. However, by November that year, "whole-process democracy" was mentioned in 128 People's Daily articles, per CMP. "China's whole-process people's democracy integrates process-oriented democracy with results-oriented democracy, procedural democracy with substantive democracy, direct democracy with indirect democracy and people's democracy with the will of the state," says China's white paper on the subject, per CGTN. Semantics aside, a key point to note is that "whole-process democracy" plays down the need for elections. Even so, Chong said, whole-process democracy might still help the CCP give the impression that it cares about the average citizen.

She also outlined steps to boost the military including with mass production of precision missiles and warships. Xi is widely expected to win his third term at the one-every-five-years party congress. "When we say achievement, for Taiwan it's definitely not a good sign, it's not a good thing," Lin said. One senior Taiwanese security official said Xi's third term would bring "unpredictable tensions" across the strait. But China has refused to speak to his successor, Tsai, since she was first elected in 2016, believing her to be a separatist.

☆ Taiwan 'proud' of its efforts to help Ukraine, says President Tsai
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Sept 20 (Reuters) - Taiwan is "proud" of its efforts to help Ukraine in the country's struggle to defend itself and those efforts must continue, President Tsai Ing-wen told a conference taking place in New York. We must continue with our efforts," Tsai said in remarks pre-recorded from her office and played at the Concordia Summit on Monday. Taiwan President Tsai Ing-wen gives a speech at a navy base in Penghu Islands, Taiwan, August 30, 2022. Taiwan held China's United Nations seat under its formal name the Republic of China until 1971, when it was replaced by the People's Republic of China. The defeated Republic of China government fled to Taiwan in 1949 after losing a civil war to Mao Zedong's communists.

Search resuls for: "Mao Zedong's"

18 mentions found