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☆ Asia markets largely poised to fall after Taiwan elections; China GDP and Japan inflation in focus this week
▼ + stars: | 2024-01-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(Photo by Yasuyoshi CHIBA / AFP) (Photo by YASUYOSHI CHIBA/AFP via Getty Images) Yasuyoshi Chiba | Afp | Getty ImagesAsia-Pacific markets are set to fall after Taiwanese voters handed the Democratic Progressive Party another presidential victory, delivering the ruling party an unprecedented third-straight presidential term. The DPP's Lai Ching-te, the incumbent vice-president, emerged as the winner of the self-governing island's presidential contest with more than 40% of the popular vote. Investors will be closely watching China's fourth quarter gross domestic numbers due out on Wednesday, while Japan will also release inflation figures for December on Friday. Futures contract in Chicago was at 35,635 and its counterpart in Osaka at 35,590, after the Nikkei hit levels not seen since February 1990 last week. In contrast, futures for Hong Kong's Hang Seng index stood at 16,306 pointing to a stronger open compared to the HSI's close of 16,244.58

Persons: Democratic Progressive Party's, Yasuyoshi CHIBA, YASUYOSHI CHIBA, Yasuyoshi Chiba, Lai Ching Organizations: Democratic Progressive, Getty, Afp, Democratic Progressive Party, Nikkei Locations: Taipei, AFP, Asia, Pacific, Japan, Australia, Chicago, Osaka

☆ 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

☆ 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

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

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

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

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

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

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

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

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

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

TAIPEI, Taiwan (AP) — Taiwan on Sunday condemned what it said were “fallacious comments” by China following the self-governing island's presidential and parliamentary election the previous day. The verbal sparring did not bode well for the future of Taiwan's relations with China under the winner, President-elect Lai Ching-te, or for China's relations with the United States. The institute is the de-facto U.S. Embassy, since the United States does not have formal diplomatic relations with Taiwan. China regards Taiwan as a renegade province and says that it should not even have a foreign ministry or any official relations with foreign governments. The Chinese Foreign Ministry said in its statement that "the Taiwan question is China’s internal affair.

Persons: bode, Lai Ching, Stephen Hadley, State James Steinberg, Tsai Ing, China's, ” Lai, Tsai, ” Chen Binhua Organizations: —, Sunday, Former National Security, State, American Institute, U.S, Embassy, Democratic Progressive Party, Taiwan's Foreign, Foreign Ministry, Taiwan Affairs, Chinese Foreign Ministry, Kuomintang, Nationalist Party, Taiwan People's Party, Taiwan Affairs Office, State Council Taiwan Affairs Office, Taiwan Locations: TAIPEI, Taiwan, — Taiwan, China, United States, U.S, Taipei

☆ Former US Officials to Visit Taiwan for Post-Election Talks
▼ + stars: | 2024-01-14 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

TAIPEI (Reuters) - Two former senior U.S. officials will arrive in Taiwan on Sunday for post-election talks and underscore the U.S. government's "longstanding interest" in peace across the Taiwan Strait, the de facto U.S. embassy in Taipei said. In a show of support for the government, a senior administration official said last week that President Joe Biden planned to send an unofficial delegation to the Chinese-claimed island. "As we have done previously following a Taiwan presidential election, the U.S. government has asked former senior officials to travel in their private capacity to Taiwan," AIT said, adding its U.S.-based Chair Laura Rosenberger would be accompanying. China has stepped up its military and political pressure against Taiwan over the past four years. Both have offered talks with China but been rebuffed.

Persons: Lai Ching, Joe Biden, Biden, Stephen Hadley, State James Steinberg, Laura Rosenberger, Taiwan's, Lai, Tsai Ing, Ben Blanchard, Michael Perry, Christian Schmollinger Organizations: U.S, Democratic Progressive Party, The American Institute, National Security, State, Reuters Locations: TAIPEI, Taiwan, Taiwan Strait, Taipei, Beijing, U.S, China

Taipei, Taiwan CNN —Taiwan’s ruling Democratic Progressive Party pulled off a historic third consecutive presidential victory on Saturday as voters shrugged off warnings by China that their re-election would increase the risk of conflict. The counting of votes has concluded, with Lai – the candidate of Taiwan’s ruling Democratic Progressive Party (DPP) – receiving just over 40% of the total votes, according to Taiwan’s Central Election Commission (CEC). Taiwan’s opposition Kuomintang (KMT) party candidate Hou Yu-ih garnered 33.49% of the votes, with Taiwan People’s Party (TPP) candidate Ko Wen-je received 26.45%. A spokesperson for China’s Taiwan Affairs Office insisted the election result “does not represent the mainstream view on the island.”“Taiwan is China’s Taiwan. “There’s multiple times that China could cause a fuss over a DPP victory, either now or later this year,” Nachman said.

Persons: Taiwan CNN — Taiwan’s, Lai Ching, ” Lai, “, Hsiao Bi, Lai –, Taiwan’s, –, Hou Yu, Ko Wen, je, Xi Jinping, Xi, Yasuyosh Chiba, Tsai Ing, Lai, Tsai, China’s, ” Xi, Hsiao, ”, Jaw Shaw, kong, Sam Yeh, Biden, Wang, Lev Nachman, ” Nachman, Nachman, hasn’t, they’ve Organizations: Taiwan CNN, Democratic Progressive Party, Commission, Kuomintang, KMT, ih, Taiwan People’s Party, Taiwan Affairs Office, Xinhua, China’s Communist Party, Party, Taiwan, Communist, DPP, Chinese Communist Party, Taiwan’s, Illinois State University, National Chengchi University, China’s Taiwan Affairs, Taiwan “, Analysts Locations: Taipei, Taiwan, China, United States, Beijing, ”, China’s Taiwan, AFP, “, New Taipei City, Washington, Taiwan Strait

TAIPEI, Taiwan (AP) — Ruling-party candidate Lai Ching-te emerged victorious in Taiwan’s presidential election on Saturday, a result that will determine the trajectory of the self-ruled democracy’s contentious relations with China over the next four years. Beijing strongly opposes Lai, the current vice president who abandoned his medical career to pursue politics from the grassroots to the presidency. It's the first time a single party has led Taiwan for three consecutive four-year presidential terms since the first open presidential election in 1996. Its candidate, Hou Yu-ih, also had promised to restart talks with China while bolstering national defense. Evelyn Ni traveled from China especially to get a taste of Taiwan’s election.

Persons: Lai Ching, Lai, Tsai Ing, Hou Yu, Hou, “, I’m, David Chiau, Ko Wen, Ko, Chen Binhua, Beijing wouldn't, ” Chen, Antony Blinken, ” Blinken, Evelyn Ni, Tony Chen, ”, Xi Jinping, Stacy Chen, Gabrielle Reid, Sung Organizations: Democratic, Nationalist, KMT, ih, Taiwan People’s Party, DPP, Cabinet's Taiwan Affairs Office, Biden, Associated Press Locations: TAIPEI, Taiwan, China, Beijing, Japanese, United States, Taipei, Russia, Ukraine, South China

☆ China skeptic Lai Ching-te wins Taiwan's presidential election
▼ + stars: | 2024-01-13 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

Taiwan's President-elect Lai Ching-te (left) gestures beside his running mate Hsiao Bi-khim during a rally outside the headquarters of the Democratic Progressive Party (DPP) in Taipei on January 13, 2024, after winning the presidential election. The outcome of the presidential election on Saturday riled Beijing, which has repeatedly labeled Lai as a "stubborn worker for Taiwan independence" and a dangerous separatist. Annabelle Chih | Getty Images News | Getty ImagesDPP's Lai — Taiwan's current vice-president — won more than 40% of the popular vote in Taiwan's eighth presidential election. DPP is the first party to win the presidential office three times in row since direct presidential elections were introduced in 1996. This year, 71.9% of all eligible voters cast their ballots for the presidential election, according to preliminary data from Taiwan's Central Election Commission.

Persons: Lai Ching, Hsiao Bi, Yasuyoshi Chiba, Lai, Tsai Ing, Tsai, Annabelle Chih, DPP's Lai, Taiwan's, —, Beijing's, Hou, Ko Wen, Chen Binhua, Chen, Xi Jinping, Antony Blinken, Ko, Wei, Ting Yen Organizations: Democratic Progressive Party, AFP, Getty, TAIPEI, Saturday, Beijing, Chinese Communist Party, DPP, KMT, Chinese Communist Party officials, Democratic Progressive, Kuomintang, Taiwan People's Party, Taiwan's, Taiwan Affairs Office, State Council, CNBC, Franklin, Marshall College, Taiwan's DPP Locations: Taipei, Taiwan, China, U.S, Taiwan Strait, Beijing, Taiwan —, Republic of China, Xinhua, United States

☆ Taiwan made its choice on who will lead it into an uncertain future as China remains hellbent on controlling it, and tough times may lie ahead
▼ + stars: | 2024-01-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +11 min

Read previewTaiwan has elected its new president, the Democratic Progressive Party's Lai Ching-te, who is also the current Vice President. While experts still assess that an invasion of Taiwan remains unlikely in the near future, that doesn't diminish concerns about other ways China could squeeze the island. AdvertisementTaiwan's Vice President and presidential candidate for the ruling Democratic Progressive Party (DPP) Lai Ching-te (C) casts his ballot to vote on January 13, 2024, in Tainan, Taiwan. Nevertheless, the win marks the first time a political party in Taiwan has won a presidential election three times in a row. The supporters of Democratic Progressive Party (DPP) cheer at an election campaign on January 12, 2024 in Tainan, Taiwan.

Persons: —, Party's Lai Ching, Lai's, Lai, Tsai Ing, Lai Ching, Tsai, Getty Images Lai, Hou, Ko Wen, Amanda Hsiao, Annabelle Chih, Nancy Pelosi, flack, Annice Lyn, He's, Hsiao, Hao, Hou Yu, Beijing's, Chuan Kang, Xi Jinping, It'll, Joe Biden's, Xi, Biden, it's, BRENDAN SMIALOWSKI Organizations: Service, Democratic, Taiwan, Business, Democratic Progressive Party, Getty Images, ih, Taiwan's People Party, Kuomintang, KMT, Getty, Washington, NBC, US, People's Liberation Army Locations: Taiwan, China, Beijing, Taipei, New Taipei City, AFP, Tainan, Taichung, Taipei , Washington, San Francisco

The Taiwanese presidential candidate Lai Ching-te has for years been reviled by China’s Communist Party as a dangerous foe who, by its account, could drag the two sides into a war by pressing for full independence for his island democracy. Right up to Saturday, when millions of Taiwanese voted for their next president, an official Beijing news outlet warned that Mr. Lai could take Taiwan “on a path of no return.”Yet, despite China’s months of menacing warnings of a “war or peace” choice for Taiwan’s voters, Mr. Lai was victorious. Mr. Lai, currently Taiwan’s vice president, secured 40 percent of the votes in the election, giving his Democratic Progressive Party, or D.P.P., a third term in a row in the presidential office. No party has achieved more than two successive terms since Taiwan began holding direct, democratic elections for its president in 1996. gathering outside its headquarters in Taipei, thousands of supporters, many waving pink and green flags, cheered as Mr. Lai’s lead grew during the counting of the votes, which was displayed on a large screen on an outdoor stage.

Persons: Lai Ching, Lai, Lai’s Organizations: China’s Communist Party, Democratic Progressive Party, Taiwan Locations: Beijing, Taiwan, Taipei

☆ Vote counting begins in closely watched Taiwan election
▼ + stars: | 2024-01-10 | by ( Clement Tan | ) www.cnbc.com time to read: +9 min

With China intensifying its rhetoric on its claim over Taiwan, global observers are billing this Taiwan election as highly pivotal for security in the Asia-Pacific at a time of testy U.S.-China relations. If Lai and Hsiao win the Jan. 13 vote for the Taiwan presidential office, it would mark the first time any political party has stayed in office for more than two consecutive terms since Taiwan introduced direct presidential elections in 1996. Campaign posters for various legislative member candidates in Taipei, Taiwan, on Wednesday, Dec. 27, 2023. China's Taiwan affairs office has characterized the self-ruled island's election as a choice between "peace and war, prosperity and decline." "China has always meddled whenever there is an election in Taiwan, but this time, it's the most serious."

Persons: Hou Yu, Hei Leung, Ko Wen, policymaking, Tsai Ing, Ko, Cynthia Wu, Jing Bo, jiun, Sam Yeh, Jing, Tsai, Lai Ching, Hsiao, United States —, Lai, Timothy S, Rich, Jaw Shaw, kong, Hou, Kevin Luo, Xi Jinping, Joe Biden, Xi, Biden, Nancy Pelosi, Rong Xu, Democratic Progressive Party Lai Ching, Yasuyoshi Chiba, DPP's Lai, Weeks Organizations: ih, Anadolu, Getty, Democratic Progressive Party, Kuomintang, Taiwan People's Party, China, Local, KMT, Taiwan Studies, University of Oxford, AFP, Taiwan, Rich Western Kentucky University, Taiwan's National Police Agency, New, DPP, University of Minnesota, Western Kentucky University, U.S, China -, APEC, CNBC, Former U.S, Bloomberg, Taiwan's DPP, Beijing, Cross Straits Service Locations: Taichung, Taiwan, Taipei, Asia, Pacific, U.S, China, Hsinchu, United States, Overconfidence, New Taipei City, China - U.S, Beijing, Taiwan Strait, Kaohsiung

But the $290 billion outlay comes without a parallel plan to prepare Yonaguni for a possible humanitarian crisis that residents like Sakihara say could quickly overwhelm their shores. Tokyo, they said, has no plan to deal with them, and locals' pleas for help have gone unanswered. A spokesperson for Japan's Cabinet Secretariat said that "if large numbers of refugees came to Japan, relevant government departments would work together to respond". Even if he had a refugee plan, Kishida would still face an obstacle: his contentious relationship with the Okinawa government that administers Yonaguni. NOT ENOUGH TO SHAREBack in Yonaguni, resident Satoshi Nagahama, 33, was surprised to learn the government had no humanitarian plan for refugees.

Persons: Sonkichi Sakihara, chancing, Kenichi Itokazu, Itokazu, Hirokazu Matsuno, Xi Jinping, Joe Biden, Lai Ching, Matsuno, Fumio Kishida, Kevin Maher, Maher, Yoshihide Yoshida, Japan's, shouldn't, Kishida, Denny Tamaki, it's, Hironobu, Satoshi Nagahama, Sakihara, Koji Sugama, Tim Kelly, Kaori Kaneko, Yukiko Toyoda, Ben Blanchard, Kentaro Sugiyama, David Crawshaw Organizations: Reuters Graphics Reuters, Reuters, U.S, Japan Coast Guard, Migration Policy Institute, Nations, NMV Consulting, State Department, Defense Forces, it's, University's Research, of Disaster Management, Thomson Locations: YONAGUNI, Japan, Vietnam, Taiwan, China, Beijing, Tokyo, Yonaguni, Taipei, Myanmar, Europe, East, Germany, Poland, Ukraine, Washington, East Asia, Okinawa

☆ Foxconn raises Q4 outlook on strong year-end holiday sales
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

The logo of Foxconn is seen outside the company's building in Taipei, Taiwan November 10, 2022. REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Dec 5 (Reuters) - Taiwan's Foxconn (2317.TW), the world's largest contract electronics maker and a major Apple (AAPL.O) supplier, on Tuesday raised its outlook for the fourth quarter on strong year-end sales for the holiday peak season. The fourth quarter is traditionally the hot season for Taiwan's tech companies as they race to supply smartphones, tablets and other electronics to major vendors such as Apple for the year-end holiday period in Western markets. "Therefore, the outlook for the fourth quarter should be better than the original guidance for 'significant growth'", the company added, without elaborating. For components and other products, revenue in November showed strong year-on-year growth "due to increasing allocations in smart consumer electronics products and rising shipments in auto components", it added.

Persons: Ann Wang, Foxconn, Ben Blanchard, Sarah Wu, David Goodman Organizations: REUTERS, Rights, Apple, Hai Precision Industry Co, Revenue, Foxconn's, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, Zhengzhou, Foxconn's Taipei

☆ Nvidia CEO says he will try to prioritise Japan for AI processors
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

Japan is rushing to rebuild its once world-leading semiconductor infrastructure and catch up on the development of AI technology. The graphics processing units (GPUs) made by U.S.-based Nvidia dominate the market for AI. "Demand is very high, but I promised the prime minister we will do our very, very best to prioritise Japan's requirements for GPUs," Huang told reporters at Prime Minister Fumio Kishida's official residence in Tokyo. "The semiconductor industry that Japan is now starting to grow and foster will be able to produce GPUs," Huang said. "Countries like Japan are realising that you need to own your own data, build your own AI factories and produce your own AI intelligence," he added.

Persons: Ann Wang, Jensen Huang, Huang, Fumio, Huang's, TSMC, Yoshifumi Takemoto, Rocky Swift, Chang, Ran Kim, Jamie Freed Organizations: REUTERS, Rights, Nvidia, Thomson Locations: Taipei, Taiwan, Japan, U.S, Tokyo, Hokkaido

☆ US officials to visit Taiwan to explain chip curbs, minister says
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

Taiwan Economy Minister Wang Mei-hua speaks during an interview with Reuters in Taipei, Taiwan, September 30, 2021. REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Dec 4 (Reuters) - U.S. officials plan to visit Taiwan to explain to companies details of new curbs, primarily aimed at China, on advanced chip exports, the island's economy minister said on Monday. Taiwan Economy Minister Wang Mei-hua said some details of the extremely long new U.S. rules needed explanation. Given the concentration of chip making in Taiwan it was "advantageous" for Taiwanese companies to hear the details of the new controls from the U.S. officials, Wang said. Taiwan's official Central News Agency said the U.S. officials, who it did not name, would visit Taiwan next month and hold events in the chip hubs of Hsinchu and Tainan.

Persons: Wang Mei, Ann Wang, Biden, chipmaker TSMC, Wang, Ben Blanchard, Jeanny, Bernadette Baum, Barbara Lewis Organizations: Reuters, REUTERS, Rights, Nvidia, Beijing, U.S, Central News Agency, The U.S . Commerce Department, Thomson Locations: Taiwan, Taipei, Rights TAIPEI, China, U.S, Hsinchu, Tainan, The

In the months leading up to a pivotal presidential election for Taiwan, candidates have focused on who can best handle the island democracy’s volatile relationship with China, with its worries about the risks of war. But at a recent forum in Taipei, younger voters instead peppered two of the candidates with questions about everyday issues like rent, telecom scams and the voting age. It was a telling distillation of the race, the outcome of which will have far-reaching implications for Taiwan. The island is a potential flashpoint between the United States and China, which claims Taiwan as its territory and has signaled that it could escalate military threats if the Democratic Progressive Party wins. A considerable number expressed disillusionment with Taiwan’s two dominant parties, the governing Democratic Progressive Party and the opposition Nationalist Party.

Organizations: Democratic Progressive Party, Nationalist Party Locations: Taiwan, China, Taipei, United States

☆ Taiwan president: China too 'overwhelmed' to consider invasion
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Nov 30 (Reuters) - China's leadership is too "overwhelmed" with its internal problems to consider an invasion of Taiwan, President Tsai Ing-wen said in an interview with the New York Times. But Tsai, in a transcript of the interview her office published on Thursday, said China had too many issues at the moment. And my thought is that perhaps this is not a time for them to consider a major invasion of Taiwan," she said. Tsai and her government have repeatedly called for talks with China but been rebuffed, as Beijing views Tsai and the ruling Democratic Progressive Party (DPP) as separatists. The DPP's Lai Ching-te, currently vice president, is the frontrunner to be Taiwan's next president according to opinion polls.

Persons: Tsai Ing, Ann Wang, Tsai, Lai Ching, Lai, Hsiao Bi, Chen Binhua, Chiu Tai, Chiu, Ben Blanchard, Stephen Coates Organizations: REUTERS, Rights, New York Times, Democratic Progressive Party, Taiwan Affairs Office, Mainland Affairs Council, Thomson Locations: Taichung, Taiwan, Rights TAIPEI, China, Beijing, United States, Taipei, Lincoln

“China and the United States’ relations will forever be linked to the name ‘Kissinger,’” Mr. Xi said to Mr. Kissinger as the two men sat side by side in cream-colored armchairs. It was the same building where half a century earlier Mr. Kissinger had met Zhou Enlai, who was then China’s premier: Villa No. When Mr. Xi was on the cusp of power in 2012, he met Mr. Kissinger twice — once in Beijing and then in Washington. In a sign of the high regard in which he was held, Mr. Xi respectfully cited Mr. Kissinger’s views in speeches. “It is understandable that he cared about the interests of the United States,” Professor Lu said.

Persons: ”, Henry A . Kissinger, Mr, Kissinger, Nixon’s, Xie Feng, Biden, Xi Jinping, “, ‘ Kissinger, ’, Xi, Zhou Enlai, Li Shangfu, John F, Kirby, Kissinger “, Wu Xinbo, —, President Trump, Wu, Trump, Kissinger’s, Charles T, Munger, Lu Yeh, Lu Organizations: Global Times, Communist Party, Beijing, United, Mr, U.S . National Security Council, Institute of International Studies, Fudan University, National Chengchi University Locations: China, United States, Washington, Communist, Beijing, U.S, ” China, “ China, Diaoyutai, Shanghai, Philippines, Australia, Weibo, Taiwan, Taipei, “

☆ Henry Kissinger Dies at 100: Latest News and Updates
▼ + stars: | 2023-11-29 | by ( Michael D. Shear | ) www.nytimes.com time to read: +5 min

For many in China, Henry A. Kissinger represented a now-bygone chapter in relations between China and the United States, when the countries seemed to be moving inexorably closer. In July, China laid out a red-carpet welcome for Mr. Kissinger, including an audience with Xi Jinping, the top leader. “China and the United States’ relations will forever be linked to the name ‘Kissinger,’” Mr. Xi said to Mr. Kissinger as the two men sat side by side in cream-colored armchairs. When Mr. Xi was on the cusp of power in 2012, he met Mr. Kissinger twice — once in Beijing and then in Washington. In a sign of the high regard in which he was held, Mr. Xi respectfully cited Mr. Kissinger’s views in speeches.

Persons: Xi Jinping, Henry A . Kissinger, ”, Mr, Kissinger, Nixon’s, Xie Feng, Biden, “, ‘ Kissinger, ’, Xi, Zhou Enlai, Li Shangfu, John F, Kirby, Kissinger “, Wu Xinbo, —, President Trump, Wu, Trump, Kissinger’s, Charles T, Munger, Lu Yeh, Lu Organizations: of, People, Global Times, Communist Party, Beijing, United, Mr, U.S . National Security Council, Institute of International Studies, Fudan University, National Chengchi University Locations: Beijing, State, China, United States, Washington, Communist, U.S, ” China, “ China, Diaoyutai, Shanghai, Philippines, Australia, Weibo, Taiwan, Taipei, “

[1/7] Hota's CEO Holly Sheng poses for a photo in their factory in Taichung, Taiwan November 13, 2023. The crates of shafts and gears at the factory contain some of the more than 20 million parts Hota produces each year. Hota's factory will be near Texas, home to Tesla's headquarters, and Mexico, where Tesla plans to build a gigafactory. Most Taiwanese manufacturers seeking a North American foothold choose Mexico over the United States due to costs, Sheng said. Similarly, Hota would never be able to completely replace its established Taiwan production base.

Persons: Holly Sheng, Ann Wang, Sheng, Hota, Tesla, Sarah Wu, Anne Marie Roantree, Sam Holmes Organizations: REUTERS, Rights, Mfg, Ford Motor, General Motors, Hota, Reuters, DETROIT, Hota's, Washington incentivises, Thomson Locations: Taichung, Taiwan, Rights TAICHUNG, Hota's, China, North America, New Mexico, Asia, United States, Santa Teresa , New Mexico, Mexico, Detroit, U.S, Texas, American, Washington, Arizona

☆ Foxconn is still running with difficult status quo
▼ + stars: | 2023-11-27 | by ( Chan Ka Sing | ) www.reuters.com time to read: +3 min

HONG KONG, Nov 27 (Reuters Breakingviews) - Terry Gou is not running for Taiwan’s presidency after all. Nonetheless, the $45 billion Apple (AAPL.O) supplier’s continuing push to move production outside of China leaves it firmly on frontlines of rising cross-strait tensions. Foxconn grew into the biggest employer in China, with more than 1 million workers at its peak and a top contract manufacturer for global brands. Foxconn is out of the election spotlight but it still has to grapple with an awkward status quo. CONTEXT NEWSTerry Gou, the billionaire founder of electronics maker Foxconn, announced on Nov. 24 that he will be withdrawing from Taiwan’s presidential election next month.

Persons: Terry Gou, Critics, Foxconn, Una Galani, Thomas Shum Organizations: Reuters, Apple, Democratic Progressive Party, DPP, KMT, Hai Precision Industry, World Trade Organization, Reuters Graphics, China -, Foxconn, Taipei Times, Thomson Locations: HONG KONG, China, Washington, Beijing, Taiwan, Kuomintang, Taipei

☆ China, US exchange accusations over US vessel in South China Sea
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +2 min

BEIJING/SHANGHAI, Nov 26 (Reuters) - China and the United States exchanged accusations at the weekend over the disputed South China Sea, after China's military said it had driven away a U.S. warship that the U.S. Navy said was on a routine freedom of navigation operation. The U.S. Navy said on Sunday that the Hopper had "asserted navigational rights in the South China Sea near the Paracel Islands, consistent with international law". China claims almost the entire South China Sea, a conduit for more than $3 trillion of annual ship-borne commerce, including parts claimed by the Philippines, Vietnam, Indonesia, Malaysia and Brunei. This weekend's incident, China said, "proves that the United States is an out-and-out 'security risk creator' in the South China Sea". "Unlawful and sweeping maritime claims in the South China Sea pose a serious threat to the freedom of the seas."

Persons: Hopper, China's, Kristina Weidemann, Casey, Laurie Chen, Ben Blanchard, Mark Potter, Edmund Klamann Organizations: United, U.S . Navy, People's Liberation Army Southern Theatre Command, U.S, Australia, Philippine, U.S . 7th Fleet, U.S . State Department, Casey Hall, Thomson Locations: BEIJING, SHANGHAI, China, United States, U.S, South China, Philippines, Vietnam, Indonesia, Malaysia, Brunei, Beijing, Manila, South, Shanghai, Taipei

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