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☆ Taiwan says China is still sending balloons to the island, which it calls an act of 'cognitive warfare'
▼ + stars: | 2024-01-26 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

Read previewChina isn't letting up on its deluge of balloons on Taiwan, sending over another six high-altitude balloons on Sunday, according to the island's defense ministry. But Taiwan said on January 6 that China is using the balloons in a campaign of harassment. Tensions between Taiwan and China are growing as William Lai Ching-te was elected president of the island on January 13. Lai's party, the Democratic Progressive Party, has long campaigned on resisting China and preparing for the threat of war. AdvertisementChina's foreign ministry did not immediately respond to a request for comment from BI.

Persons: —, China hasn't, Axios, it's, William Lai Ching, te Organizations: Service, Business, Taiwanese Defense Ministry, People's Liberation Army, Pentagon, Democratic Progressive Party Locations: China, Taiwan, Pingtung City, Taipei, Washington, Beijing, South Carolina

TAIPEI, Taiwan (AP) — A bipartisan delegation from the United States Congress reaffirmed support for Taiwan during a visit Thursday, following the election of its new president. The delegation’s visit is the first from U.S. lawmakers to the island since the independence-leaning Democratic Progressive Party won a third-straight term in the Jan. 13 presidential election. Beijing strongly condemned Lai Ching-te's election and appears set to continue its policy of refusing to engage with the island’s government — a practice that's been in place since Tsai Ing-wen’s election in 2016. “The support of the United States for Taiwan is firm. President-elect Lai thanked the visiting co-chairs of the U.S. Congressional Taiwan Caucus for their visit, saying that “today’s Taiwan is a Taiwan of the world."

Persons: Lai Ching, that's, Tsai Ing, Mario Díaz Balart, Ami Bera, " Bera, “, Balart, ”, Bera, Lai, Hsiao Bi, President Tsai, Nancy Pelosi Organizations: United, Congress, Taiwan, Democratic Progressive Party, U.S, Florida Republican, California, U.S . Congressional Taiwan Caucus Locations: TAIPEI, Taiwan, U.S, China, Beijing, United States, Florida, “, Washington

☆ China doesn't have the military power to successfully invade Taiwan, the majority of 52 US experts said in a survey
▼ + stars: | 2024-01-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

The CSIS surveyed 52 US experts on whether they think China can successfully invade Taiwan. AdvertisementA new survey of leading experts from the US and Taiwan casts doubt on China's ability to invade Taiwan with its current military strength. CSIS also surveyed 35 experts from Taiwan, of whom only 17% said they felt China had the power to successfully execute an invasion. China could also impose a military blockade on Taiwan, which 81% of US experts believe Beijing could do, while 60% of the experts from Taiwan concurred. Around 68% of American experts think such a crisis is likely to occur.

Persons: —, China —, William Lai Ching, Tsai Ing, Xi Jinping, Ma Ying, ROSLAN RAHMAN, Lai Organizations: CSIS, Service, Center for Strategic, International Studies, Liberation Army, Democratic Progressive Party, Kuomintang, Getty Locations: China, Taiwan, Beijing, Congress, Washington, Taipei . Lai

☆ Taiwan faces economic uncertainty as tensions with China are set to rise after DPP victory
▼ + stars: | 2024-01-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

watch nowAmundi warned a possible temporary economic blockade of Taiwan could alarm the markets. Political status quo, economic worriesChina has dismissed the outcome of Taiwan's elections, saying the DPP does not represent the mainstream public opinion. On Jan. 13, Taiwan delivered an unprecedented third presidential term to the ruling DPP's Lai, considered a China skeptic. Loss of legislature to temper DPP stanceThe DPP won the presidency, but it lost its majority in the the Legislative Yuan — Taiwan's parliament. Teneo's Wildau said Beijing was likely to continue refusing official dialogues with the DPP presidential administration, but could pursue conversations with KMT leaders.

Persons: Managment, Alicia Garcia Herrero, Nataxis, Gabriel Wildau, Teneo, Lai Ching, DPP's Lai, Wildau, Lai, Tsai, Mr Lai's, Yuan —, Yuan, Herrero, Teneo's Wildau Organizations: Bloomberg, Getty, Democratic Progressive Party, Taiwan, Asia, DPP, Economist Intelligence Unit, KMT, Taiwan People's Party Locations: Taipei, Taiwan, China, Beijing

☆ Taiwan President-Elect Says He Hopes for Continued Firm US Support
▼ + stars: | 2024-01-24 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

TAIPEI (Reuters) -Taiwan president-elect Lai Ching-te said on Thursday he hopes that the United States can continue to firmly support Taiwan, as he met the first group of U.S. lawmakers to visit Taipei since he won an election earlier this month. "I also hope that the two co-chairs and our friends in the U.S. Congress can continue to support Taiwan in bolstering its self-defence capabilities." Diaz-Balart told Lai his main message was that U.S. support for Taiwan was firm, real and "100% bipartisan". "Rest assured that you have the support of the United States Congress," he said. China has repeatedly warned the United States to stop its support for Taiwan and the issue is a constant irritant in Sino-U.S. relations.

Persons: Lai Ching, Lai, Mario Diaz, Ami Bera, Diaz, Balart, Tsai Ing, Joe Biden, Ben Blanchard, Kim Coghill, Michael Perry, Raju Gopalakrishnan Organizations: Democratic Progressive Party, U.S . House, Representatives Taiwan Caucus, Republican, Balart, Democratic, ., U.S, Congress, United States Congress Locations: TAIPEI, Taiwan, United States, U.S, Taipei, China

☆ Shih Ming-teh, Defiant Activist for a Democratic Taiwan, Dies at 83
▼ + stars: | 2024-01-23 | by ( Chris Buckley | Amy Chang Chien | ) www.nytimes.com time to read: +1 min

Shih Ming-teh, a lifelong campaigner for democracy in Taiwan who spent over two decades in prison for his cause and later started a protest movement against a president from his former party, died on Jan. 15, his 83rd birthday, in Taipei, the island’s capital. The cause was complications of an operation to remove a liver tumor, said his wife, Chia-chiun Chen Shih. Mr. Shih helped lead a pro-democracy protest in 1979 that was brutally broken up by the police and that is now viewed as a turning point in Taiwan’s journey from authoritarianism to democracy. “I was imprisoned for 25 years, and I faced the possibility of the death penalty twice, but each time I came out, I instantly plunged back into the whole effort to overthrow the Chiang family dictatorship,” Mr. Shih said in an interview with The New York Times in 2022. “I’m someone who never had a youth.”

Persons: Shih Ming, Chia, Chen Shih, Shih, Chiang Kai, shek, Chiang Ching, Chiang, ” Mr, “, ” Organizations: The New York Times Locations: Taiwan, Taipei, China

☆ U.S. Lawmakers Arrive in Taiwan in Post-Election Show of Support
▼ + stars: | 2024-01-23 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

The two members of Congress plan to engage with senior officials and business leaders during their visit. Lai Ching-te from Taiwan's ruling Democratic Progressive Party (DPP) won the Jan. 13 presidential election and will take office on May 20. China views visits by U.S. officials to Taiwan as sending an encouraging signal to the pro-independence camp on the island. Taiwan's government says Beijing has no right to speak for the island's people or represent them on the world stage. The United States is Taiwan's most important international backer, despite the lack of formal diplomatic ties, and a major arms supplier to Taipei.

Persons: Patricia Zengerle WASHINGTON, Mario Diaz Balart, Ami Bera, Lai Ching, Lai, Patricia Zengerle, Sandra Maler Organizations: U.S . House, Representatives Taiwan Caucus, Republican, Democratic, Democratic Progressive Party, U.S Locations: Taipei, Taiwan, United States, China, Beijing

TAIPEI, Taiwan (AP) — The co-chairs of the U.S. Congressional Taiwan Caucus on Wednesday opened the first trip by U.S. lawmakers to the island where the independence-leaning Democratic Progressive Party won a third straight term in presidential elections this month. China, America's chief competitor for global influence, claims Taiwan as its own territory and threatens to use force to bring it under its control. While China regularly sends warplanes and navy ships to intimidate and harass Taiwan, there was no discernible spike in activity on Tuesday and Wednesday. The Defense Ministry reported seven Chinese warplanes and five naval vessels had been detected near the island over the previous 24 hours. It also said two Chinese balloons flew over the island's northern and southern regions.

Persons: Ami Bera, Florida Republican Mario Díaz, ”, Lai Ching, Tsai Ing, Nancy Pelosi, Joe Biden Organizations: U.S . Congressional Taiwan Caucus, Wednesday, U.S, Democratic Progressive Party, Reps, Florida Republican, The Defense Ministry Locations: TAIPEI, Taiwan, California, United States, China, Beijing, Taipei . Washington

WASHINGTON (AP) — Taiwan’s top diplomat in Washington has a message for both the island's Chinese adversaries and its American friends: Don’t worry that Taiwan’s new president-elect will worsen relations with Beijing and possibly draw the U.S. into a conflict. But Yui said Lai is willing to engage with Beijing, even as the island seeks to strengthen its unofficial ties with Washington for stability in the region. Shortly after Taiwan's election, Biden told reporters that his administration does not support Taiwan’s independence. Yui said it is incumbent upon both Beijing and Taipei to keep the Taiwan Strait peaceful. Before he came to Washington, Yui briefly served as Taiwan's representative to the European Union and Belgium.

Persons: — Taiwan’s, Lai Ching, Alexander Tah, Ray Yui, Lai, Yui, ”, Taiwan's, Tsai Ing, Tsai, he’s, Xi Jinping, Joe Biden, Biden, Scott Kennedy, “, Kennedy, we're, We're, Mike Johnson, Sen, Ben Cardin, ” Yui, Hsiao Bi, Hsiao Organizations: WASHINGTON, Associated Press, AP, Democratic Progressive Party, ”, Washington, Center for Strategic, International Studies, Republican, Republicans, Democrats, U.S . Congress, Democratic, Senate Foreign Relations, M University, European Union, Cultural Locations: Washington, Beijing, Taiwan Strait, U.S, Taiwan, United States, China, Nauru, “ Beijing, Taipei, Panama, Texas, Paraguay, Belgium

☆ Taiwan Cabinet Submits Customary Post-Election Resignation
▼ + stars: | 2024-01-17 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

TAIPEI (Reuters) - Taiwan's ministerial Cabinet submitted its customary post-election joint resignation on Thursday, but is widely expected to be asked by President Tsai Ing-wen to stay on in a caretaker role until May when the new president takes power. The ruling Democratic Progressive Party (DPP) won Saturday's presidential election, but lost its majority in parliament. Taiwan Premier Chen Chien-jen had said on Tuesday that the Cabinet would resign in accordance with past constitutional practice before the new parliament meets next month after the DPP lost it legislative majority. Taiwan media has reported Tsai will ask the Cabinet to stay on in a caretaker role until Vice President Lai Ching-te, who won the presidency, assumes his new role on May 20 and appoints his own Cabinet. Tsai was not able to run again for the presidency in accordance with Taiwan's constitution after two terms in office.

Persons: Tsai Ing, Taiwan Premier Chen Chien, jen, Tsai, Lai Ching, Ben Blanchard, Muralikumar Anantharaman Organizations: Democratic Progressive Party, Taiwan Locations: TAIPEI, Taiwan Premier, Taiwan

☆ Taiwan Reports First Major Chinese Military Activity After Election
▼ + stars: | 2024-01-17 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +4 min

By Ben Blanchard and Michael MartinaTAIPEI (Reuters) -Taiwan's defence ministry said it detected 18 Chinese air force planes operating around Taiwan and carrying out "joint combat readiness patrols" with Chinese warships on Wednesday, the first large-scale military activity after the Taiwanese election. Taiwan's defence ministry said that starting around 7:50 p.m. (1150 GMT) on Wednesday it had detected 18 aircraft including Su-30 fighters operating off northern and central Taiwan and to the island's southwest. Eleven of those aircraft crossed the Taiwan Strait's median line, or areas close by, working with Chinese warships to carry out "joint combat readiness patrols", the ministry added. Taiwan sent its own forces to monitor, its defence ministry said. There was no immediate response from China's defence ministry.

Persons: Ben Blanchard, Michael Martina TAIPEI, Democratic Progressive Party's, Lai Ching, Biden, Lai, Vincent Chao, Xi Jinping, Chao, We're, David Brunnstrom, Michael Martina, Gareth Jones, Mark Potter, Jamie Freed Organizations: Taiwan, Democratic Progressive, China's Taiwan Affairs Office, U.S . State Department, U.S . Institute of Peace, U.S Locations: Taiwan, China, Taipei, Beijing, Taiwan Strait, U.S, United States, Washington

☆ 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 hates the new president of Taiwan — but its 'real nightmare scenario' is a Trump-Taiwan combo: analyst
▼ + stars: | 2024-01-17 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewFormer President Donald Trump winning the White House in 2024 would create a "nightmare" for China, especially with president-elect William Lai Ching-te at Taiwan's helm, an analyst on China said. Advertisement"Beijing's real nightmare scenario is not necessarily watching Lai Ching-te winning the presidency of Taiwan, but it's the combination of Lai Ching-te and perhaps Donald Trump coming back into the White House," Daniels said. "He was a transactional president," Rosen said. Trump followed up by suggesting that the US may one day abandon its agreement to the "one China policy," Beijing's red-line stance that Taiwan is part of China. Cross-strait tensions soared, but just two months later, Trump called Xi and agreed that the US would uphold the "one China policy."

Persons: —, Donald Trump, William Lai Ching, Lai, it's Trump, Rorry Daniels, Lai Ching, Daniels, Trump, Mike Pompeo, Pompeo, Xi Jinping's, Stanley Rosen, It's, Rosen, Tsai Ing, Wen, Ron DeSantis, Nikki Haley Organizations: Service, White House, Business, Democratic Progressive Party, Foreign Affairs Ministry, Lai's, Asia Society, Center for, Nikkei, Taiwan, University of Southern, China Institute, Xi, GOP, Iowa Republican Locations: China, Taiwan's, Beijing, Taiwan, Center for China, Nikkei Asia, University of Southern California's US, Hong Kong, Taipei, Iowa

☆ 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

☆ Delayed U.S. Weapons Raise Taiwan’s Vulnerability to Invasion
▼ + stars: | 2024-01-16 | by ( Alastair Gale | ) www.wsj.com time to read: 1 min

Taiwanese Vice President Lai Ching-te declared victory in the island’s presidential vote on Saturday. Lai’s Democratic Progressive Party secured an unprecedented third straight term in the presidency. Photo: An Rong Xu/Bloomberg NewsTAIPEI—Taiwan has ordered some $19 billion in American missiles, rocket launchers and other weapons to help it defend itself against threats from Beijing. The only problem: U.S. delivery on many of those orders is years away. The delays increase Taiwan’s vulnerability to a Chinese invasion or blockade, say military analysts and former Taiwanese defense officials, since the island’s own weapons industry remains small.

Persons: Lai Ching, Rong Xu Organizations: Democratic Progressive Party, Bloomberg News TAIPEI Locations: Taiwan, Beijing

☆ China's Taiwan approach 'has been counterproductive,' Blinken says
▼ + stars: | 2024-01-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Secretary of State Antony Blinken said Tuesday that China's growing aggression toward Taiwan has undermined the country's own interests. "I think the approach that they've shown in recent years has actually been totally counterproductive to their interests," Blinken said at the World Economic Forum in Davos, Switzerland on CNBC's "Squawk on the Street." Blinken's comments come days after Taiwan voters elected the Democratic Progressive Party's Lai Ching-te to serve as the next president. In the weeks leading up to the election, Taiwan officials reported several attempts by the Chinese government to sway the election via escalating military pressure and disinformation campaigns. At Davos, Blinken reiterated the official U.S. stance on Taiwan and China, which simultaneously supports Taiwan's democratic systems but does not support its independence.

Persons: Antony Blinken, CNBC's Andrew Ross Sorkin, Blinken, Party's Lai Ching, Lai, Joe Biden's, Xi Jinping, we've Organizations: State, Economic, Taiwan, Democratic, White Locations: U.S, Davos, Switzerland, Taiwan, CNBC's, China, Beijing, China's Taiwan

☆ 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

☆ Peace and Prosperity in the Taiwan Strait Still Have a Chance
▼ + stars: | 2024-01-15 | by ( Nathaniel Taplin | ) www.wsj.com time to read: 1 min

Taiwanese Vice President Lai Ching-te declared victory in the island’s presidential vote on Saturday. Lai’s Democratic Progressive Party secured an unprecedented third straight term in the presidency. Photo: An Rong Xu/Bloomberg NewsTaiwan has voted: bringing the independence-leaning Democratic Progressive Party an unprecedented consecutive third term in the presidency. Now the world is waiting on Beijing, which claims Taiwan but doesn’t rule it. Saturday’s DPP victory, with around 40% of the vote, could mean more scary headlines in the near-term.

Persons: Lai Ching, Rong Xu, Nancy Pelosi’s Organizations: Democratic Progressive Party, Bloomberg News Taiwan, DPP Locations: Beijing, Taiwan

☆ Taiwan Says It Will Sever Diplomatic Relations With Nauru
▼ + stars: | 2024-01-15 | by ( Joyu Wang | Chun Han Wong | ) www.wsj.com time to read: 1 min

Voters in Taiwan chose the current vice president, Lai Ching-te, center, as president-elect. Photo: Annabelle Chih/Getty ImagesTaiwan will end formal relations with the Pacific island nation of Nauru as a result of Chinese efforts to poach Taipei’s diplomatic partners, a senior Taiwanese government official said Monday. The move comes days after Taiwan’s ruling party won a closely fought presidential election, putting current Vice President Lai Ching-te—whom Beijing condemns as a separatist—in position to become the leader of the democratically self-ruled island in May.

Persons: Lai Ching, Annabelle Chih, poach Locations: Taiwan, Pacific, Nauru, Beijing

Newly elected Lai Ching-te and his vice presidential running mate, Hsiao Bi-khim, in Taipei on Saturday. Photo: Daniel Ceng/ShutterstockTaiwan’s election of the presidential candidate China most distrusts puts at risk a fragile detente between Washington and Beijing, threatening another flare-up between the world’s biggest economic and military powers. Voters on Saturday gave the Democratic Progressive Party four more years in power, this time by choosing as president-elect the current vice president, Lai Ching-te , whom China condemns as an inveterate agitator for Taiwan’s independence—an outcome that Beijing has vowed to prevent, by force if necessary.

Persons: Lai Ching, Hsiao, Daniel Ceng, Shutterstock Organizations: Saturday, Democratic Progressive Party Locations: Taipei, China, Washington, Beijing

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

☆ Nauru's Decision to Break Ties With Taiwan 'Unfortunate' - US Official
▼ + stars: | 2024-01-15 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

(Corrects dateline location to Taipei, not Beijing)TAIPEI (Reuters) - The U.S. official who heads the body that handles unofficial ties with Taiwan said on Tuesday that Nauru's decision to break ties with Taiwan was "unfortunate." On Monday, the Pacific Islands nation of Nauru said it was breaking ties with Taiwan in favour of China, in what Taipei called a clear act of post-election maliciousness by Beijing. "We encourage all countries to engage with Taiwan," Laura Rosenberger, chair of the Virginia-based American Institute in Taiwan (AIT), told reporters in Taipei. In the poll's run-up, China, which claims Taiwan as its own territory, had repeatedly called him a dangerous separatist. (This story has been corrected to fix the dateline location to Taipei, not Beijing)(Reporting by Ben Blanchard; Editing by Christian Schmollinger)

Persons: Laura Rosenberger, Democratic Progressive Party's, Lai Ching, Ben Blanchard, Christian Schmollinger Organizations: U.S, American Institute, Democratic Progressive Locations: Taipei, Beijing, TAIPEI, Taiwan, Nauru, China, Virginia

☆ CNBC Daily Open: Big Bank earnings point to a grim season
▼ + stars: | 2024-01-15 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

Win Mcnamee | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineFourth-quarter earnings have officially begun with four of Wall Street's top six banks reporting rather bleak results. JPMorgan Chase, the biggest U.S. bank by assets, paid a sizeable fee linked to the government seizures associated with regional banking crisis last March, which impacted its earnings. Citigroup has lagged its Wall Street peers since the 2008 financial crisis and remains the lowest valued among the top six banks.

Persons: Brian Moynihan, Jamie Dimon, JPMorgan Chase, Jane Fraser, Win Mcnamee, Jane Fraser's, Kurt Rankin, Lai Ching, Lai Organizations: Bank of America, JPMorgan, Citigroup, CNBC, Federal Reserve, PNC, Voters, Democratic Progressive Party Locations: Hart, Washington , DC, U.S, Asia, China, Taiwan

HONG KONG (AP) — Asian shares were mostly higher on Monday, with Tokyo extending its New Year rally, as China’s central bank kept its one-year policy loan interest rate unchanged. China’s central bank opted to keep its one-year policy loan interest rate at 2.5% on Monday while injecting funds into the financial system. Traders are largely betting on the Fed cutting its main interest rate six or more times through 2024. The airline and other travel-related companies were also hurt by a rise in oil prices, which put pressure on their fuel costs. A barrel of benchmark U.S. crude oil rose 10 cents to $72.78.

Persons: Zhaopeng Xing, Raymond Yeung, “, Ernie, Baidu, Lai Ching, Lai, Taiwan’s Taiex, Australia’s, It's, Yemen’s Houthi, Brent Organizations: ANZ, Baidu, Democratic Progressive Party, Dow Jones, UnitedHealth Group, Nasdaq, Federal Reserve, Treasury, Traders, Fed, Delta Air Lines, United Airlines, Cruise Line Holdings, U.S Locations: HONG KONG, Tokyo, Hong Kong, Shanghai, South Korea, China, Taiwan

☆ Unofficial US delegation says support for Taiwan remains ‘rock solid’ after voters defied China
▼ + stars: | 2024-01-15 | by ( Nectar Gan | Eric Cheung | ) edition.cnn.com time to read: +5 min

Hong Kong/Taipei CNN —Former senior US officials reaffirmed “rock solid” American support for Taiwan in a visit Monday after the self-ruled island defied threats from China by electing a new president loathed by Beijing. “And we hope that the United States will continue to support Taiwan to deepen our cooperation in this area,” he said. An unofficial US delegation meets with Taiwan's President-elect Lai Ching-te and Vice-President-elect Hsiao Bi-khim in Taipei on January 15, 2024. Since then, the US has maintained close unofficial ties with Taiwan and is bound by law to provide the island with the means to defend itself. Asked by reporters to comment on Taiwan’s election results Saturday, US President Joe Biden said: “We do not support independence.”

Persons: Lai Ching, Biden, Tsai Ing, Stephen Hadley, ” Hadley, ”, James Steinberg, Lai, Hsiao Bi, “, Antony Blinken, Blinken, Yoko Kamikawa, Xi, Joe Biden Organizations: Taipei CNN — Former, Taiwan, Saturday, Democratic Progressive Party, Taiwan's, China’s, Ministry Locations: Hong Kong, Taipei, China, Beijing, Taiwan, United States, Washington, Taiwan Strait, Japan, United Kingdom, Canada, Tokyo, Japanese, Kuomintang

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