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☆ Chinese blockade of Taiwan would likely fail, Pentagon official says
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Sept 19 (Reuters) - A Chinese blockade of Taiwan would likely fail and a direct military invasion of the self-ruled island would be extremely difficult for Beijing to carry out successfully, senior Pentagon officials told Congress on Tuesday. China's military in recent years has stepped up activity around Taiwan, which Beijing claims as its territory. However, whether Xi would order taking Taiwan by force, either through military options like a blockade or an invasion is unclear. "I think it is an option but probably not a highly likely option, when you start looking at the military options - much easier to talk about a blockade than actually do a blockade," McGee told lawmakers. He added flatly: "There is absolutely nothing easy about a PLA invasion of Taiwan."

Persons: Dado Ruvic, William Burns, Xi Jinping, Xi, Ely Ratner, Ratner, General Joseph McGee, McGee, Phil Stewart, Idrees Ali, Michael Martina, Patricia Zengerle, Marguerita Choy Organizations: REUTERS, Rights, Pentagon, CIA, Affairs, House Armed Services, People's Republic of China . Army, Pentagon's Joint Staff, People's Liberation Army, PLA, Thomson Locations: Taiwan, Beijing, U.S, People's Republic of China, China

☆ Meet the typical Hong Kong millennial: They're supporting their parents, can't afford to buy homes, and have zero interest in moving to mainland China
▼ + stars: | 2023-09-18 | by ( Faye Bradley | ) www.businessinsider.com time to read: +19 min

He earns 1.5 million Hong Kong dollars a year, or $191,000, including the base salary and three months' bonus — well above the average annual salary in Hong Kong. A protester on June 12, 2019 in Hong Kong when crowds gathered in central Hong Kong as the city braced for another mass rally. Anthony Kwan/Getty ImagesThe Hong Kong protests took place between 2019 and 2020, with many students and adults taking to the streets to fight back against the government's decision to introduce an extradition bill between Hong Kong and China. University of Hong Kong was ranked 31st and Chinese University of Hong Kong was 45, on the World University Rankings in 2023. Hong Kong millennials struggle to prioritize well-being, according to a survey run by British health insurance company Bupa.

Persons: Hong Kong's, Ken Ho, Hong Kongers, Ho, Kongers, —, hasn't, Summer Ng, Tau Kok, Ng, Hong, Kong's, Getty, Hong Kong millennials, it's, Aniqah Bhatnagar, Bhatnagar, Wilson Ho, Wilson Ho Wilson, Kai Tak, Anthony Kwan, Xu Huang, Huang, millennials, Gen Zs, Morgan McKinley, Zurine Lau, I'm, Yuen Long, Lau, Nick Shin Nick Shin, Tai Koo, They're Organizations: Service, University College London, Imperial College London, Fidelity Investments, Hong, HK, BBC, Property Management, Hong Kong, Hong Kong Baptist University, Deloitte Global, Statistics Department, University of Hong Kong, University of Hong, World, Family Planning Association, millennials, Hong Kong Free Press, CNN Locations: Hong Kong, Wall, Silicon, Kennedy Town, Kowloon Bay, Kwun Tong, Hong Kong's, United Kingdom, People's Republic of China, British, Asia, Hong, millennials, India, Kowloon, Kai, China, Singapore, Sydney, South America, ymgerman, South Korea, Hong Kong . Hong Kong, University of Hong Kong, New Territories, Tai

☆ 'A real big deal': Biden backs economic corridor as shifting geopolitical alliances fragment the global economy
▼ + stars: | 2023-09-18 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

This would in turn secure regional supply chains, boost trade connectivity and economic activity — all similar to objectives underpinning China's Belt and Road Initiative, a global infrastructure investment strategy that Beijing launched in 2013. - | Afp | Getty ImagesThis Biden-led initiative will comprise of two separate corridors, the east corridor connecting India to the Middle East and the northern corridor connecting the Middle East to Europe. Middle East influenceChina's BRI offers a glimpse into Biden's ambition and perhaps what his infrastructure pact will come up against. Debt risksEven then, China's 10-year head start offers some cautionary lessons for Biden's global infrastructure pact. "25% of debt of emerging markets is treading in distressed territory," IMF's Managing Director Kristalina Georgieva told CNBC on the sidelines of the Delhi G20 leaders' summit.

Persons: Crown Prince, Mohammed bin Salman, Narendra Modi, Joe Biden, Ludovic Marin, Recep Tayyip Erdoğan, Evan Feigenbaum, Emmanuel Macron, Joko Widodo, Luiz Inacio Lula da Silva, Gandhi, Biden, China's BRI, Beijing's BRI, Chong Ja Ian, Kristalina Georgieva, Janet Yellen, Chong, Modi Organizations: Saudi, Crown, India's, Bharat, Afp, Getty, Biden, Initiative, Carnegie Endowment, International, Brazil's, European Union, Democratic, Fudan University, for Economics, Business Research, Arab, United Arab, Bloomberg, IMF, National University of Singapore, Monetary Fund, World Bank, CNBC, Treasury, NUS, India, Shanghai Cooperation Organization Locations: New Delhi, Turkey, Delhi —, Beijing, U.S, Raj, India, East, Europe, UAE, Saudi Arabia, Jordan, Israel, Delhi, Democratic Republic of, Congo, Zambia, Lobito, Angola, Middle, Shanghai, London, China, United Arab Emirates, Washington, Saudi, Iran, People's Republic of China, New York, United States

☆ Asked About Taiwan, Deputy UN Chief Says Exclusion of Anyone Can Harm Global Goals
▼ + stars: | 2023-09-15 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

By Michelle NicholsUNITED NATIONS (Reuters) - Exclusion of anyone harms efforts to achieve global development goals, United Nations Deputy Secretary-General Amina Mohammed said on Friday when asked about Taiwan's appeal to be included in the campaign. "We said leave noone behind and I think member states have to find a way to make sure that we are not in that position where we're excluding people. The 1971 resolution replaced the then-government of the Republic of China that had been pushed to Taiwan following China's civil war. Taiwan has long called on the United Nations to admit it as a member. "So, keeping Taiwan out of the United Nations is immoral, is unjust and is something that we have to make change to."

Persons: Michelle Nichols UNITED, Amina Mohammed, Mohammed, China's U.N, Zhang Jun, Zhang, U.N, Farhan Haq, Joseph Fu, Michelle Nichols, Michael Martina, Grant McCool Organizations: Michelle Nichols UNITED NATIONS, Reuters, United Nations, General, Sustainable, Taiwan, United Locations: Taiwan, People's Republic of China, China, Republic of China, United, United Nations

☆ Asked about Taiwan, deputy UN chief says exclusion of anyone can harm global goals
▼ + stars: | 2023-09-15 | by ( Michelle Nichols | ) www.reuters.com time to read: +2 min

UNITED NATIONS, Sept 15 (Reuters) - Exclusion of anyone harms efforts to achieve global development goals, United Nations Deputy Secretary-General Amina Mohammed said on Friday when asked about Taiwan's appeal to be included in the campaign. "We said leave noone behind and I think member states have to find a way to make sure that we are not in that position where we're excluding people. The 1971 resolution replaced the then-government of the Republic of China that had been pushed to Taiwan following China's civil war. Taiwan has long called on the United Nations to admit it as a member. "So, keeping Taiwan out of the United Nations is immoral, is unjust and is something that we have to make change to."

Persons: Amina Mohammed, Mohammed, China's U.N, Zhang Jun, Zhang, U.N, Farhan Haq, Joseph Fu, Michelle Nichols, Michael Martina, Grant McCool Organizations: UNITED, United Nations, General, Sustainable, Taiwan, United, Thomson Locations: Taiwan, People's Republic of China, China, Republic of China, United, United Nations

☆ Taiwan blasts Elon Musk over latest China comments
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

"Their (Beijing's) policy has been to reunite Taiwan with China. Taiwan Foreign Minister Joseph Wu, in a post on X late Wednesday, responded that he hoped Musk could ask China to "open @X to its people". China blocks X, along with other major Western social media like Facebook. This is not the first time Musk, whose Tesla had a large factory in Shanghai, has riled Taiwan. Last October, he suggested that tensions between China and Taiwan could be resolved by handing over some control of Taiwan to Beijing, drawing a similarly strong reprimand from Taiwan.

Persons: Elon Musk, waded, Joseph Wu, Ukraine's, Wu, Taiwan's, Tesla, Ben Blanchard, Stephen Coates Organizations: YouTube, U.S . Pacific Fleet, Taiwan, Facebook, Russia, Thomson Locations: TAIPEI, Taiwan, China, Beijing, Taipei, Los Angeles, Hawaii, Sevastopol, People's Republic of China, Shanghai

☆ Taiwan slams Elon Musk, says it's 'not for sale' nor part of China
▼ + stars: | 2023-09-14 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Taiwan is "not for sale," and neither is it part of China, said Taiwan's Ministry of Foreign Affairs, in a rebuke to Elon Musk who called the island "an integral part of China." "Listen up, Taiwan is not part of the PRC and certainly not for sale!" PRC refers to the People's Republic of China, the official name of China. Taiwan has been governed independently of China since the island split from the mainland in a civil war in 1949. Musk, the CEO of X, SpaceX, as well as electric car maker Tesla , went on to say: China's policy "has been to reunite Taiwan with China.

Persons: Elon Musk, Tesla, Joseph Wu, Musk, I've Organizations: Senate, Artificial Intelligence, Capitol, Ministry of Foreign Affairs, Foreign, Twitter, SpaceX, CNBC Locations: Washington , DC, Taiwan, China, People's Republic of China, Los Angeles, Beijing, Hawaii

☆ To counter China, Biden is backing the World Bank for a bigger role on the global stage
▼ + stars: | 2023-09-11 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +5 min

From left, World Bank President Ajay Banga, Brazil's President Luiz Inacio Lula da Silva, India's Prime Minister Narendra Modi, South Africa's President Cyril Ramaphosa and U.S. President Joe Biden in New Delhi on Sept. 9, 2023. "There's no way there's enough money in the multilateral development bank, or even in governments ... that can drive the kinds of changes we need for this polycrisis. Biden backs World BankLeaders at the summit agreed that this isn't something the World Bank can tackle alone. The World Bank was created in 1944 to help rebuilding efforts in Europe and Japan after the Second World War. Both the World Bank and IMF have pledged to form a stronger partnership to help countries with their debt struggles, sustainability goals, and digital transition.

Persons: Joe Biden, Ajay Banga, Luiz Inacio Lula da Silva, Narendra Modi, Cyril Ramaphosa, Evan Vucci, CNBC's Tanvir Gill, Banga, Biden, Kristalina Georgieva, CNBC's Martin Soong, Georgieva Organizations: World Bank, World, India's, Afp, Getty, CNBC, Bank, IMF, White Locations: U.S, New Delhi, Europe, Japan, China, Ukraine, People's Republic, China's

☆ Here are 3 things for stock investors to watch in the market in the week ahead
▼ + stars: | 2023-09-09 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

It was a down week for the major stock market benchmarks as rumors of an iPhone ban for government employees in China sparked concerns over increasing tensions between Washington and Beijing. Here's a full rundown of all the important domestic earnings reports and economic data in the week ahead. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer, Apple —, Jim, we'll, Einstein, Stellantis, We'll, That's, Oracle's, LEN, Jim Cramer's Organizations: Apple, Dow, Nasdaq, Broadcom, DuPont, Huawei, Nvidia, Apple Watch, Vision, Club, Google, Justice Department, United Auto Workers, General Motors, Chrysler, Ford, UAW, CPI, PPI, Oracle, Oracle Cloud Infrastructure, Microsoft, Costco, Caseys, Jim Cramer's Charitable, CNBC, Apple Inc, Getty Locations: China, Washington, Beijing, U.S, People's Republic of China, San Francisco, Shanghai

Sino-U.S. friction has worsened in recent years as Washington tries to restrict China's access to key technologies including cutting-edge chip technology, and Beijing looks to reduce its reliance on American tech. A customer talks to sales assistants in an Apple store as Apple Inc's new iPhone 14 models go on sale in Beijing, China, September 16, 2022. "This is textbook Chinese Communist Party behavior - promote PRC (People's Republic of China) national champions in telecommunications, and slowly squeeze Western companies' market access," Gallagher, a Republican, told Reuters. The drop in the technology sector weighed on the three main U.S. stock indexes, particularly the tech-heavy Nasdaq Composite, which closed down 0.9%. IPHONE SLOWDOWNChina has been a bright spot for Apple in an otherwise tough period for iPhone sales.

Persons: chipmaker SMIC, Jake Sullivan, Sullivan, Thomas Peter, Biden, Mike Gallagher, Gallagher, Mark Warner, Rick Meckler, Susannah Streeter, Hargreaves Lansdown, Streeter, Aditya Soni, Jaspreet Singh, Shristi Achar, Diane Bartz, David Gaffen, Shounak Dasgupta, Devika Organizations: Apple, Street, Washington, Huawei, HK, U.S . Commerce Department, National, Air Force, BofA Global Research, Qualcomm, REUTERS, Beijing, Communist Party, People's, Republican, Reuters, U.S, Senate Intelligence Committee, planemaker Boeing, Micron, Broadcom, Texas, Nasdaq, Cherry Lane Investments, Hargreaves, Thomson Locations: Beijing, US, China, U.S, Kirin, People's Republic of China, Bengaluru

☆ US House panel chair: wider Chinese iPhone ban aims to quash Apple's market access
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

A man holds an iPhone 14 as Apple Inc's new models go on sale at an Apple store in Beijing, China, September 16, 2022. REUTERS/Thomas Peter/File Photo Acquire Licensing RightsSept 7 (Reuters) - A wider ban on China state employees from using Apple's (AAPL.O) iPhones is not surprising and seeks to limit a Western company's market access, the chairman of the U.S. House panel on China told Reuters on Thursday. "American tech companies seeking to cozy up to the CCP must realize the clock is ticking,” added Gallagher, a Republican. Apple's shares have slipped amid the reports amid fears of tit-for-tat action as Sino-U.S. tension rise. Apple and China's State Council Information Office, which handles media queries on behalf of the government, have not responded to requests for comment on the reported ban.

Persons: Thomas Peter, iPhones, Mike Gallagher, ”, Gallagher, Apple's, Karen Freifeld, Jasper Ward, Ismail Shakil, Susan Heavey Organizations: Apple, REUTERS, U.S ., Reuters, Communist Party, CCP, People's, U.S, Republican, Wall Street Journal, Bloomberg, China's, Information Office, Thomson Locations: Beijing, China, People's Republic of China, Jasper

He will have at least one advantage: Chinese President Xi Jinping will not be at the meetings. "But the question ... is whether the United States will be able to step up." FAST GROWTH, HIGH DEBTChinese Premier Li Qiang will represent China at the G20 as its leaders cope with sagging growth and a possible property debt crisis. For his part, Xi is also finding new ways to engage the developing world, hosting a gathering of Central Asian leaders and discussing development in May. Xi is also expected to attend an Asia-Pacific Economic Cooperation (APEC) summit in San Francisco in November, where he may meet with Biden.

Persons: Joe Biden, Leah Millis, Biden, Xi Jinping, Zack Cooper, Li Qiang, Vladimir Putin, Sergei Lavrov, Jake Sullivan, Donald Trump's, Sullivan, White, Khulu Mbatha, Cyril Ramaphosa, Trevor Hunnicutt, Nandita Bose, Michael Martina, Carien du, Don Durfee, Grant McCool Organizations: Warehouse Union, Pacific Maritime Association, White, REUTERS, Rights, World Bank, Bank, U.S, Partnership for Global Infrastructure, Investment, American Enterprise Institute, IMF, Global, White House, Trump, Republican, South, Central Asian, United, United Arab Emirates, Economic Cooperation, Biden, Thomson Locations: Washington , U.S, India, United States, Africa, Latin America, Asia, Washington, China, Russian, East, Central Asia, Saharan Africa, People's Republic, Ukraine, Brazil, South Africa, Beijing, Moscow, Russia, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, United Arab, San Francisco, Carien du Plessis, Johannesburg

☆ Vice President Harris will face doubts and dysfunction at the Southeast Asian nations summit
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: +6 min

It's Harris' third trip to Southeast Asia and fourth to Asia overall, and she's touched down in more countries there than any other continent. This latest journey is another opportunity for Harris to burnish her foreign policy credentials as she prepares for a bruising campaign year. Her office has not yet detailed her schedule, but she's expected to attend summit events and hold individual talks with some foreign leaders. U.S. officials and analysts believe Beijing's aggressive approach to the region has created an opening for Washington to forge stronger partnerships. Stilwell served as the assistant secretary of state for the Bureau of East Asian and Pacific Affairs under President Donald Trump.

Persons: Kamala Harris, Loy, Kent Nishimura, she'll, Joe Biden's, It's Harris, she's, Harris, She's, Biden, John Kirby, he's, Marty Natalegawa, Natalegawa, Kirby, Phil Gordon, there's, Gordon, Ian Chong, It's, Gregory B, Poling, David Stilwell, Stilwell, Donald Trump Organizations: Cabinet, Association of Southeast Asian Nations, U.S ., ASEAN, Loy Henderson International Conference, U.S . Department of State, Los Angeles Times, Getty, Democratic, Republican, White House, of Southeast Asian Nations, Washington, National University of Singapore, Center for Strategic, International Studies, Bureau, East, Pacific Affairs Locations: U.S, Washington , DC, Southeast Asia, Jakarta, Indonesia, Asia, Washington, India, Vietnam, Myanmar, South China, United States, China, Philippines, Cambodia, South, Beijing, People's Republic of China, East Asian

☆ Terry Gou, seeking Taiwan presidency, resigns as Foxconn board member
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +3 min

Terry Gou, Foxconn founder announces his bid for the Taiwan presidency during a press event in Taipei, Taiwan August 28, 2023. REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Sept 2 (Reuters) - Terry Gou, the billionaire founder of major Apple (AAPL.O) supplier Foxconn (2317.TW), resigned as a company board member, the Taiwanese company said on Saturday, less than a week after announcing a bid to be the island's next president. In a brief statement, Foxconn said Gou had resigned due to "personal reasons", and noted he had "officially handed over leadership of the group to a professional manager four yearsago". Asked on Monday about the issue of conflict of interest with Gou being a major shareholder of Foxconn, which has massive investment in China, Gou said he's willing to "sacrifice" his personal assets in China in the event of a Chinese attack. The DPP-led government, and Lai, have repeatedly offered talks with China but been rebuffed, as Beijing views them as separatists.

Persons: Terry Gou, Ann Wang, Gou, Foxconn, Democratic Progressive Party's, William Lai, Lai, Ko Wen, Hou Yu, it's, Ben Blanchard, John Stonestreet, Louise Heavens Organizations: REUTERS, Rights, Apple, Democratic Progressive, DPP, Taiwan People's Party, ih, Kuomintang, Formosa TV, Thomson Locations: Taiwan, Taipei, Rights TAIPEI, Foxconn, China, People's Republic of China, Beijing

☆ Philippines, Taiwan, Malaysia reject China's latest South China Sea map
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +3 min

It was not immediately clear whether the latest map denotes any new claim to territory. Its Malaysian counterpart in a statement said the new map holds no binding authority over Malaysia, which "also views the South China Sea as a complex and sensitive matter". The map was different to a narrower version submitted by China to the United Nations in 2009 of the South China Sea that included its so-called "nine-dash line". Asked about the latest map, Taiwan foreign ministry spokesperson Jeff Liu said Taiwan was "absolutely not a part of the People's Republic of China". "China's position on the South China Sea issue has always been clear.

Persons: legitimise, Jeff Liu, Wang Wenbin, Karen Lema, Ben Blanchard, Liz Lee, Martin Petty Organizations: Philippine Coast Guard, Malaysian, United Nations, South China, China Central Television, Thomson Locations: Thitu, Philippines, Spratly Islands, China, Malaysia, Taiwan, South China, Beijing, Hainan, Vietnam, Brunei, Indonesia, Philippine, South, People's Republic of China, India, Manila, Taipei

Terry Gou, Foxconn founder announces his bid for the Taiwan presidency during a press event in Taipei, Taiwan August 28, 2023. Before he announced his bid to run as an independent on Monday, Gou had sought the KMT ticket for the presidency but failed. But his direct language, along with his business acumen, has drawn crowds in pseudo-campaign events across Taiwan that Gou held in the run-up to his announcement. He showed me how to use the touch screen on the spot," Gou said in 2011 about his relationship with Jobs. Gou told Trump he wanted to be a peacemaker between Taiwan, China and the U.S. as Taiwan's president.

Persons: Terry Gou, Ann Wang, Taiwan's Terry Gou, Democratic Progressive Party's, Gou, Sung Wen, APPLE Gou, Foxconn, Steve Jobs, Jobs, reverentially, Xi Jinping, Donald Trump, Trump, Ben Blanchard, Yimou Lee, Sarah Wu, Raju Gopalakrishnan Organizations: REUTERS, Rights, Apple Inc, Foxconn, Democratic Progressive, DPP, Kuomintang, KMT, Taiwan People's Party, National University's Taiwan Studies, APPLE, Hai Precision Industry Co Ltd, Chicago, Atari, Dell, Apple, Sony Corp, Nintendo Co, Microsoft Corp, Communists, Communist Party's, Thomson Locations: Taiwan, Taipei, Rights TAIPEI, China, Beijing, Shanxi, Guangdong, People's Republic of China

☆ State Department picks veteran diplomat Mark Lambert as top China policy official
▼ + stars: | 2023-08-29 | by ( ) www.cnbc.com time to read: +1 min

The U.S. State Department has picked veteran diplomat Mark Lambert as its top China policy official, five sources familiar with the matter said, bringing in new leadership for a part of the department that has faced staffing problems and criticism over its handling of China-focused initiatives. Waters had also served as the head of the Office of China Coordination — informally known as "China House" — a unit the department created late last year to meld China policies across regions and issues. Whether Lambert will assume the China House coordinator title is still being discussed, sources said. Lambert's appointment is unlikely to change the tone of Washington's China policy, which President Joe Biden's administration says is one of "intense competition" while trying to increase engagement with Beijing to stabilize ties. It was unclear when the State Department will formally announce the appointment.

Persons: Mark Lambert, Lambert, Rick Waters, Waters, Joe Biden's Organizations: U.S . State Department, of China Coordination, State Department, of Locations: Washington , DC, China, Taiwan, Beijing, East Asia, of China, U.S, People's Republic of China

☆ Taiwan details China drills, VP says election not China's to call
▼ + stars: | 2023-08-20 | by ( Ben Blanchard | ) www.reuters.com time to read: +5 min

[1/3] Taiwan’s Vice President William Lai waves at Taoyuan International Airport following his trip to the United States and Paraguay, in Taoyuan, Taiwan August 18, 2023. "My position is that Taiwan is not a part of the People's Republic of China. China has demanded that Taiwan's government accept that both sides of the Taiwan Strait are part of "one China", but it has refused. LOWER-KEY DRILLSChina's Saturday drills were much more low-key than two rounds of war games around Taiwan last August and again in April this year. Taiwan's military also released pictures of one of its fighter jets taking off and a pilot checking a missile underneath an aircraft.

Persons: William Lai, Carlos Garcia Rawlins, Lai, Su, It's, That's, Taiwan's, Alexander Neill, Neill, lambasting Lai, Tian Dan, Ben Blanchard, Greg Torode, James Pomfret, William Mallard, Kim Coghill, Edmund Klamann Organizations: REUTERS, Rights, U.S, Democratic Progressive Party, APEC, Hawaii's, Eastern Theatre Command, Sunday, Taiwan, State Department, Reuters, Thomson Locations: United States, Paraguay, Taoyuan, Taiwan, Rights TAIPEI, China, Beijing, New York, People's Republic of China, San Francisco, Singapore, U.S, Hong Kong

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

☆ Explainer: Why is China so angry about the Taiwan vice president's US trip?
▼ + stars: | 2023-08-19 | 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, and why China is so upset about Lai's visit to the United States. 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). China views Taiwan President Tsai Ing-wen as a separatist and has rebuffed repeated calls from her for talks. 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".

Persons: William Lai, Xi Jinping, Mao Zedong's, LAI, Lai, Joe Biden, Tsai Ing, Tsai, Ben Blanchard, Kim Coghill Organizations: Lotte, REUTERS, Rights, Taiwan, CHINA, Communist Party, Democratic, STATES, United States, Taiwan Relations, Thomson Locations: Manhattan, New York City , New York, U.S, Rights TAIPEI, China, Taiwan, Taipei, United States, Paraguay, People's Republic of China, Republic of China, Beijing, TAIWAN, United, Washington, TAIPEI, BEIJING

☆ US, Japan and South Korea condemn 'dangerous and aggressive actions' by China
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +2 min

[1/6] U.S. President Joe Biden, Japan's Prime Minister Fumio Kishida, South Korean President Yoon Suk Yeol and U.S. Secretary of State Antony Blinken attend a trilateral summit at Camp David near Thurmont, Maryland, U.S., August 18, 2023. REUTERS/Evelyn Hockstein Acquire Licensing RightsCAMP DAVID, Maryland, Aug 18 (Reuters) - The United States prevailed on Japan and South Korea on Friday to use their strongest language yet in a joint statement to condemn China's "dangerous and aggressive actions" in the South China Sea. The statement said the three would launch a supply-chain early warning system pilot project to expand information-sharing and fight economic coercion together. "Regarding the dangerous and aggressive actions we recently witnessed by the People's Republic of China in support of its illegal maritime territorial claims in the South China Sea, we ... strongly oppose any attempt to unilaterally change the status quo in the Indo-Pacific waters," the statement said. Reporting by Hyonhee Shin, Trevor Hunnicutt and David Brunnstrom; Editing by Don Durfee and Alistair BellOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Fumio Kishida, Yoon Suk Yeol, Antony Blinken, Camp David, Evelyn Hockstein, Hyonhee Shin, Trevor Hunnicutt, David Brunnstrom, Don Durfee, Alistair Bell Organizations: Japan's, REUTERS, David, Reuters, Korean, Moscow, Thomson Locations: South, Camp, Thurmont , Maryland, U.S, Maryland, United, Japan, South Korea, South China, North Korea, Ukraine, Kiev, China, Beijing, Korea, People's Republic of China

U.S. President Joe Biden holds a joint press conference with Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol during the trilateral summit at Camp David near Thurmont, Maryland, U.S., August 18, 2023. MILITARY COOPERATIONThe three countries will agree to "significant steps" to enhance security cooperation among them, including a commitment to consult each other in times of crisis, they said in a joint statement. NORTH KOREA THREATSThe three leaders spoke forcefully in remarks to reporters about the nuclear and other threats of North Korea, and said they would cooperate to counter them. The three will also counter "potential arms transfer in support of Russia's brutal war against Ukraine" by North Korea, Biden said. Reporting by Trevor Hunnicutt at Camp David and Hyonhee Shin in Seoul; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Fumio Kishida, Yoon Suk, Camp David, Jim Bourg, Yoon Suk Yeol, David, Biden, Kishida, Trevor Hunnicutt, Hyonhee, Grant McCool Organizations: Japanese, South, REUTERS, NORTH, David, Thomson Locations: Camp, Thurmont , Maryland, U.S, Maryland, China, South China, People's Republic of China, NORTH KOREA, North Korea, Ukraine, Seoul

☆ Taiwan presidential frontrunner says no plans to change island's formal name
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Aug 15 (Reuters) - The leading candidate to be Taiwan's new president, Vice President William Lai, said in an interview on Tuesday that he has no plans to change the island's formal name, but reiterated that Taiwan is "not subordinate" to China. It is not part of the People's Republic of China," he said in an interview with the Bloomberg news agency. "The current name, according to our constitution, is the Republic of China," Lai said, according to a transcript published by his campaign team. "And in respect to unifying Taiwanese society, President Tsai has used the term Republic of China (Taiwan) to describe our country. President Tsai Ing-wen cannot run again after serving two terms in office.

Persons: William Lai, Lai, Mao Zedong's, Tsai, Tsai Ing, Ben Blanchard, Gerry Doyle Organizations: Bloomberg, ROC, Thomson Locations: TAIPEI, Taiwan, China, Beijing, Republic of China, People's Republic of China, ROC, Paraguay, Taipei, New York, San Francisco

☆ Taiwan will not back down to threats, Taiwan VP says on US trip
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +3 min

[1/5] Taiwan's Vice President William Lai speaks during a luncheon in New York City, New York, U.S., in this handout picture released on August 14, 2023. Lai told a supporters lunch in New York on Sunday that "if Taiwan is safe, the world is safe, if the Taiwan Strait is peaceful, then the world is peaceful", according to Taiwan's presidential office. China considers Taiwan its most important diplomatic issue, and is a constant source of friction between Beijing and Washington, which is the island's most important international backer and arms supplier. Lai's speech was attended by Ingrid Larson, managing director of the American Institute in Taiwan, a U.S. government-run non-profit that carries out unofficial relations with Taiwan. China carried out war games around Taiwan in April after Taiwan President Tsai Ing-wen returned from California where she met U.S. House Speaker Kevin McCarthy while also on a transit on her way back from Central America.

Persons: William Lai, Lai, Ingrid Larson, Tsai Ing, Kevin McCarthy, Ben Blanchard, Lincoln Organizations: Taiwan Presidential, REUTERS, American Institute, U.S, Eastern Theatre Command, Liberation Army, Taiwan, Central America, Thomson Locations: New York City , New York, U.S, Taiwan, REUTERS TAIPEI, Beijing, China, United States, Paraguay, San Francisco, New York, Washington, Republic of China, People's Republic of China, Taipei, California, Central

☆ White House restricts U.S. investment in some Chinese tech, citing national security concerns
▼ + stars: | 2023-08-09 | by ( Amanda Macias | ) www.cnbc.com time to read: +1 min

A researcher works inside a superconducting quantum computing laboratory at Beijing Academy of Quantum Information Sciences (BAQIS) on February 26, 2021 in Beijing, China. WASHINGTON — President Joe Biden signed an executive order on Wednesday aimed at regulating new U.S. investments and expertise that supports Chinese development of sensitive technologies. Senior administration officials, who spoke on the condition of anonymity, said the executive order involves semiconductors, quantum computing and certain artificial intelligence systems. The measure is expected to be implemented next year. The executive order will also require outbound U.S. investors to provide notifications to the federal government.

Persons: Joe Biden Organizations: Beijing Academy of Quantum Information Sciences, U.S Locations: Beijing, China, WASHINGTON, Republic of China

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