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☆ Geopolitical instability and a packed election calendar have strategists wary of 2024
▼ + stars: | 2023-11-21 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

In a global risk survey carried out among 130 businesses last month by Oxford Economics, almost two fifths of respondents viewed the Israel-Hamas war as a very significant risk to the global economy over the next two years. "Deglobalisation and persistently higher oil prices, both of which could be triggered by an intensification of geopolitical tensions, are also fairly prominent in the latest survey," Oxford Economics researchers said. "Rising geopolitical tensions could trigger more trade restrictions across the globe, resulting in further economic fragmentation. "Ongoing geopolitical conflicts and tensions are likely to depress growth further, while adding to inflationary pressures that are beyond the control of central banks." "Early 2024 Taiwan elections will set the stage for the rest of the year.

Persons: Gil Cohen, Deglobalisation, Goldman, Roland Temple, Lazard Organizations: Hamas, magen, AFP, Getty, Oxford Economics, NATO, Oxford, Monetary Fund, Asset Management, West, Democratic Progressive Party, Kuomintang, KMT Locations: Gaza, Israel, China, Taiwan, Russia, U.S, South Africa, India, Ukraine, Ukrainian, Iran, Hormuz, United States, Beijing

☆ Taiwan election about choosing whether to embrace China, frontrunner says
▼ + stars: | 2023-11-21 | by ( Ben Blanchard | ) www.reuters.com time to read: +3 min

[1/3] Taiwan's Vice President Lai Ching-te and running mate Hsiao Bi-Khim pose for a photo after registering for the upcoming presidential election at the Central Election Commission in Taipei, Taiwan November 21, 2023. Lai Ching-te, vice president and the ruling Democratic Progressive Party's (DPP) presidential candidate, has led in most opinion polls ahead of the election. Speaking to reporters and supporters after formally registering his candidacy with the election commission, Lai said Taiwan's security was an international issue and the whole world was watching this election. "The people of Taiwan have to choose between trusting Taiwan, allowing Taiwan to continue to move forward on the road of democracy, and relying on China, following the old path of the one-China principle, and walking into the embrace of China," he said. Like Lai, Hsiao is despised by China, which has twice placed sanctions on her, most recently in April, saying she was an "independence diehard".

Persons: Lai Ching, Hsiao Bi, Ann WAng, Democratic Progressive Party's, Lai, Hsiao, colluding, Ben Blanchard, Lincoln Organizations: Central, Commission, REUTERS, Rights, Democratic Progressive, Kuomintang, KMT, Taiwan People's Party, Taipei, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, China, Beijing, United States

☆ Taiwan Election About Choosing Whether to Embrace China, Frontrunner Says
▼ + stars: | 2023-11-20 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +3 min

Lai Ching-te, vice president and the ruling Democratic Progressive Party's (DPP) presidential candidate, has led in most opinion polls ahead of the election. Speaking to reporters and supporters after formally registering his candidacy with the election commission, Lai said Taiwan's security was an international issue and the whole world was watching this election. "The people of Taiwan have to choose between trusting Taiwan, allowing Taiwan to continue to move forward on the road of democracy, and relying on China, following the old path of the one-China principle, and walking into the embrace of China," he said. Like Lai, Hsiao is despised by China, which has twice placed sanctions on her, most recently in April, saying she was an "independence diehard". "Taiwan independence means war.

Persons: Ben Blanchard, Lai Ching, Democratic Progressive Party's, Lai, Hsiao, colluding, Lincoln Organizations: Democratic Progressive, Kuomintang, KMT, Taiwan People's Party, Taipei Locations: Ben Blanchard TAIPEI, China, Taiwan, Beijing, United States

☆ Taiwan's former U.S. envoy, vilified by China, is named vice presidential candidate
▼ + stars: | 2023-11-20 | by ( ) www.cnbc.com time to read: +4 min

Representative to the United States, Taipei Economic and Cultural Representative Office T.H. Lai, vice president and the ruling Democratic Progressive Party's (DPP) presidential candidate, has led in most opinion polls ahead of the election, which is taking place as Taiwan comes under increased pressure from China to accept its sovereignty claim. The United States, as with most countries, has no formal ties with Taiwan, but is the island's most important international supporter and arms supplier. 'INDEPENDENCE ACT'Like Lai, Hsiao is despised by China, which has twice placed sanctions on her, most recently in April, saying she was an "independence diehard". The DPP's smooth handling of its vice presidential nominee stands in contrast with efforts by Taiwan's two main opposition parties to agree on a joint ticket.

Persons: Hsiao, Lai Ching, Lai, Democratic Progressive Party's, Rupert Hammond, Chambers, Chen Shui Organizations: Cultural, T.H, Sheraton, Democratic Progressive, U.S ., Taiwan Business Council, Reuters, The, ACT, Taiwan Affairs Office, DPP, Kuomintang, KMT, Taiwan People's Party, Facebook Locations: United States, Taipei, Sheraton New York, New York City, January's, Washington, Beijing, Taiwan, China, U.S, The United States, Japan

In a post on his Facebook page, Lai said he would formally present Hsiao as his running mate on Monday afternoon. "Bi-khim's relationships in D.C. will be invaluable to a President Lai, if he is elected, she's going to bring all of those relationships into his government and he doesn't have those," he told Reuters. The United States, as with most countries, has no formal ties with Taiwan, but is the island's most important international supporter and arms supplier. 'INDEPENDENCE ACT'Like Lai, Hsiao is despised by China, which has twice placed sanctions on her, most recently in April, saying she was an "independence diehard". The DPP champions Taiwan's separate identity from China.

Persons: Hsiao, khim, Morris Chang, Carlos Barria, Lai Ching, Lai, Democratic Progressive Party's, Rupert Hammond, Chambers, Chen Shui, Ben Blanchard, Yimou Lee, Muralikumar Anantharaman Organizations: APEC, Economic Cooperation, REUTERS, Rights, Democratic Progressive, U.S ., Taiwan Business Council, Reuters, The, ACT, Taiwan Affairs Office, DPP, Kuomintang, KMT, Taiwan People's Party, Facebook, Thomson Locations: U.S, Asia, San Francisco , California, Rights TAIPEI, United States, January's, Washington, Beijing, Taiwan, China, The United States, Japan

☆ Taiwan's Former US Envoy, Well-Known in U.S., Vilified by China, Named VP Candidate
▼ + stars: | 2023-11-19 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +4 min

Persons: Ben Blanchard, Yimou Lee, Lai Ching, Lai, Democratic Progressive Party's, Hsiao, Rupert Hammond, Chambers, Chen Shui, Muralikumar Anantharaman Organizations: Democratic Progressive, U.S ., Taiwan Business Council, Reuters, The, ACT, Taiwan Affairs Office, DPP, Kuomintang, KMT, Taiwan People's Party, Facebook Locations: Yimou Lee TAIPEI, United States, January's, Washington, Beijing, Taiwan, China, U.S, The United States, Japan

☆ Taiwan opposition talks deadlocked, with no signs of compromise
▼ + stars: | 2023-11-19 | by ( ) www.reuters.com time to read: +2 min

The issue of China, which views Taiwan as its territory, looms over the Jan. 13 parliamentary and presidential elections. China has stepped up military and political pressure, including high-profile war games, to press the island to accept the sovereignty claims that Taiwan rejects. The parties on Saturday failed to reach agreement on how to interpret opinion polls and thus decide on who will stand for which position. China detests frontrunner Lai, regarding him as a separatist, and has rebuffed repeated calls from him for talks. Hou especially has vowed to renew dialogue with Beijing, and says Lai is a dangerous supporter of Taiwan independence.

Persons: Ko Wen, je, Democratic Progressive Party's, Lai Ching, Hou Yu, Eric Chu, Lai, Hou, Ko, Hsiao, Ben Blanchard, Tom Hogue Organizations: Kuomintang, KMT, Taiwan People's Party, Democratic Progressive, ih, Thomson Locations: TAIPEI, China, Taiwan, Taipei, Beijing, United States

☆ Clock ticking as Taiwan opposition bicker over joint presidency bid
▼ + stars: | 2023-11-18 | by ( Ben Blanchard | ) www.reuters.com time to read: +3 min

The issue of China, which views Taiwan as its territory, looms over the Jan. 13 parliamentary and presidential elections. China has stepped up military and political pressure, including high-profile war games, to press the island to accept its sovereignty claim, which Taiwan rejects. But both parties failed to reach agreement on how to interpret opinion polls and thus decide who will stand for what position by an originally scheduled deadline of Saturday. China detests frontrunner Lai, regarding him as a separatist, and has rebuffed repeated calls from him for talks. Hou especially has vowed to renew dialogue with Beijing, and says Lai is a dangerous supporter of Taiwan independence.

Persons: Democratic Progressive Party's, Lai Ching, Hou Yu, Ko, Lai, Hou, Hsiao, Eric Chu, Tsai Ing, Ben Blanchard, William Mallard, Kim Coghill Organizations: Kuomintang, KMT, Taiwan People's Party, Democratic Progressive, ih, Former Taipei, DPP, Thomson Locations: TAIPEI, China, Taiwan, Beijing, United States, Chiayi

Lai, vice president and the ruling Democratic Progressive Party's (DPP) presidential candidate, has almost consistently led opinion polls ahead of an election taking place amid increased Chinese pressure on Taiwan to accept Beijing's sovereignty claims. Vincent Chao, spokesperson for the Lai campaign, declined to comment on Hsiao's role but said an announcement on a running mate would be made on Monday. Randall Schriver, the former U.S. assistant secretary of defense for Indo-Pacific Security Affairs, described Hsiao as a "good partner in promoting U.S.-Taiwan relations." The DPP-led government says only Taiwan's people can decide their future, and has repeatedly offered talks with Beijing but been rebuffed. Like Lai, Hsiao is detested by China, which has on two occasions placed sanctions on her, most recently in April, saying she is an "independence diehard".

Persons: Lai Ching, Lai, Democratic Progressive Party's, Hsiao, Vincent Chao, Ivan Kanapathy, Randall Schriver, Chen Shui, Ben Blanchard, Yimou Lee, Michael Martina, Gerry Doyle Organizations: Democratic Progressive, APEC, Asia, U.S . National Security Council, Reuters, Georgetown University, Patriot, Pacific Security Affairs, U.S, DPP, Taiwan Affairs Office, Thomson Locations: TAIPEI, United States, Washington, Taiwan, San Francisco, U.S, Taipei, Ukraine, China, Beijing, Japan

☆ Taiwan Opposition Parties Unite Against Presidential Candidate China Sees as Threat
▼ + stars: | 2023-11-15 | by ( Joyu Wang | ) www.wsj.com time to read: 1 min

A deal between two Taiwan opposition parties is expected to bolster their chances against Vice President Lai Ching-te, a leading candidate of the ruling Democratic Progressive Party. Photo: sam yeh/Agence France-Presse/Getty ImagesTAIPEI—Taiwan’s two largest opposition parties reached a deal to collaborate in a pivotal election scheduled for early January that has major ramifications for Taiwan’s future and U.S.-China relations. Taiwan’s main opposition Nationalist Party, which favors closer relations with Beijing, said it would work with a third party founded by a former Taipei mayor to run jointly for the 2024 elections. The long-anticipated deal is expected to bolster the opposition’s chances against Vice President Lai Ching-te, a leading candidate of the ruling Democratic Progressive Party, which has forged tighter ties with the U.S., and is currently leading in the polls.

Persons: Lai Ching Organizations: Democratic Progressive Party, Agence France, Getty, TAIPEI —, Nationalist Party, U.S Locations: Taiwan, China, Beijing, Taipei

The moderate West Virginia Democrat said Wednesday that he would never want to be a “spoiler” who contributed to getting any other candidate elected. Manchin said it would be “dangerous” to give Trump another term. “Because I Endorsed Big Jim Justice of West Virginia for the U.S. Senate, and he has taken a commanding lead, Democrat Joe Manchin has decided not to seek re-election. Manchin would have had a difficult path to reelection as the only remaining Democratic statewide officeholder in West Virginia, likely running against either GOP U.S. Rep. Alex Mooney or Gov. Manchin has long been friendly with No Labels, which has already begun holding private conversations with potential presidential nominees, Manchin among them.

Persons: Virginia Sen, Joe Manchin, Donald Trump, “, ” Manchin, Manchin, ‘, ”, Trump, Joe Biden, nudging, West Virginia governor's, Big Jim, Jim, Alex Mooney, Jim Justice, Utah Sen, Mitt Romney, I’ve, Manchin's, Sen, Markwayne Mullin, Sean O’Brien, Donald Trump’s, “ It’s, I’m, ’ ”, ’, ” “, we’re Organizations: —, Trump, West Virginia Democrat, Democratic, West Virginia, Senate, Big, U.S . Senate, GOP U.S . Rep, Utah, Federal, Commission, Republican, Oklahoma, International Brotherhood of Teamsters, Republicans, West Virginia Democrats, West, Washington Democrat Locations: CHARLESTON, W.Va, Virginia, America, West Virginia, Virginia’s, West, U.S, Washington

The issue of China, which views Taiwan as its territory, looms over the Jan. 13 parliamentary and presidential elections. It will unite Taiwan," Hou told business leaders after the talks. China cut off routine talks with Taiwan after President Tsai Ing-wen of the DPP took office in 2016. OPPOSITION CHALLENGEChen Yi-fan, an assistant professor of diplomacy and international relations at Taiwan's Tamkang University, said if Hou and Kou did not work together then Lai would certainly win. Lai says only Taiwan's people can decide their future and has repeatedly offers talks with Beijing, which has rejected the offers.

Persons: Eric Chu, Hou Yu, Ma Ying, Ko Wen, Lai Ching, Democratic Progressive Party's, Hou, Tsai Ing, Chen Yi, Kou, Lai, Chen, Ma, Hsiao Hsu, Hsiao, China detests Lai, Ko, Terry Gou, Gou, TPP, Ben Blanchard, Yimou Lee, Muralikumar Anantharaman, Robert Birsel Organizations: Taiwan's Kuomintang, KMT, ih, Kuomintang, Taiwan People’s, Democratic Progressive, Taiwan People's Party, Taiwan's Tamkang University, Beijing, DPP, Apple, Thomson Locations: Taiwan, Taipei, TAIPEI, China, Beijing, U.S, United States

☆ Taiwan's opposition parties to decide on joint presidential ticket
▼ + stars: | 2023-11-15 | by ( ) www.cnbc.com time to read: +4 min

(L-R) Eric Chu, Taiwan's main opposition Kuomintang (KMT) chairman, Hou Yu-ih, KMT presidential candidate, Ma Ying-jeou, former Taiwan president and Ke Wen-je, presidential candidate from the Taiwan People's Party (TPP) pose following a meeting in Taipei on November 15, 2023. The issue of China, which views Taiwan as its territory, looms over the Jan. 13 parliamentary and presidential elections. Taiwan's two main opposition parties, which have vowed to renew talks with China, agreed on Wednesday to make a decision on a joint presidential ticket for January's elections, as the front-running ruling party decried interference from Beijing. It will unite Taiwan," Hou told business leaders after the talks. Lai says only Taiwan's people can decide their future and has repeatedly offers talks with Beijing, which has rejected the offers.

Persons: Eric Chu, Hou Yu, Ma Ying, Ke Wen, Sam Yeh, Lai Ching, Democratic Progressive Party's, Ko Wen, Hou, Tsai Ing, Chen Yi, Kou, Lai, Chen, Ma, Hsiao Hsu, Hsiao, China detests Lai, Ko, Terry Gou, Gou, TPP Organizations: Kuomintang, KMT, ih, Taiwan People's Party, SAM YEH, Getty, Democratic Progressive, Taiwan's Tamkang University, Beijing, DPP, Apple Locations: Taiwan, Taipei, AFP, China, Beijing, U.S, United States

For the seventh time, Taiwan will be represented by Morris Chang, the 92-year-old founder of the world-leading Taiwan Semiconductor Manufacturing Company. Chang is known as the godfather of the industry that has put Taiwan in the top ranks of high-tech manufacturing and personal electronic devices. Taiwan has participated in APEC since 1991 under the name Chinese Taipei. It began taking part just two years after the group's inception and the same year that China and the semi-autonomous Chinese city of Hong Kong joined. These acts of political intimidation have the potential to wear down the operational resiliency of the island's military equipment and personnel.

Persons: Morris Chang, Chang, —, Finance Chuang Tsui, yun, Janet Yellen, BIDEN, Xi Jinping, John Kirby, Joe Biden, Hong Kong, William Lai, Terry Gou Organizations: —, Economic Cooperation, Taiwan Semiconductor Manufacturing, APEC, Finance, U.S, Treasury, BE, Liberation Army, Democratic Progressive Party . U.S . National Security, Nationalist Party, Kuomintang, KMT Locations: TAIPEI, Taiwan, — Taiwan, Asia, San Francisco, China, Taipei, Hong Kong, Beijing, TAIWAN, U.S, Japan, South Korea, Philippines, Pacific, Hong, British, Taiwanese

Terry Gou, the founder of Taiwan's Foxconn, makes a speech at Banqiao Cihui Temple in New Taipei City, Taiwan October 29, 2023. In a statement, Gou thanked his backers for their "enthusiastic support" and vowed to work hard to achieve "peace across the Taiwan Strait". While China's government has not confirmed the Foxconn investigation, Lai has assailed Beijing for targeting the firm. "Aren't we all waiting to see if Terry Gou will run until the end?" Foxconn says Gou no longer has anything to do with the company's day-to-day operations, though he remains its largest single shareholder.

Persons: Terry Gou, Taiwan's, Ann Wang, Gou, Lai Ching, Lai, detests Lai, Wellington Koo, Foxconn, Young Liu, Liu, Jeanny Kao, Yimou Lee, Ben Blanchard, Jacqueline Wong Organizations: REUTERS, Rights, Apple, Democratic Progressive Party, Taiwan's National Security Council, Thomson Locations: New Taipei City, Taiwan, Rights TAIPEI, Ukraine, China, Beijing

☆ Xi-Biden summit: What’s on the agenda for China’s leader as he heads to California?
▼ + stars: | 2023-11-14 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

Biden, meanwhile, finds himself strapped with international challenges from the war in Ukraine to the latest conflict in Gaza. Chinese leader Xi Jinping, left, and US President Joe Biden. Getty ImagesXi’s agendaDespite the challenges he faces at home, the insulated Chinese leader may see himself in a stronger position relative to Biden. Xi will ask Biden to clarify and define the scope of the US approach on tech restrictions, analysts say. Liu Ranyang/China News Service/VCG/Getty Images‘Positive signals’The lead-up to Xi’s American visit has been marked with signals that China is hoping to smooth prickly relations.

Persons: — Xi Jinping, Joe Biden —, Xi, Biden, he’d, ”, Yun Sun, Xi Jinping, Joe Biden, …, Suisheng Zhao, Stimson, Sun, Harry Moyer, Liu Ranyang, Zhong Sheng, wisecracks, Nancy Pelosi’s, Beijing’s, Shi Yinhong, Shi Organizations: CNN, Asia Pacific Economic Cooperation, “, China Program, Stimson, Getty, Biden, Center for, Cooperation, University of Denver, Communist Party, US, Taiwan’s Democracy Progressive Party, US Flying Tigers, Kunming Foreign Language School, China News Service, “ Flying Tigers, China’s Renmin University, Republicans Locations: China, Hong Kong, San Fransisco, Bali , Indonesia, Ukraine, Gaza, Washington, Beijing, Center for China, Taiwan, California, Kunming, China's Yunnan, United States, Russia, Iran

☆ Serbia's Vucic dissolves parliament, sets snap vote for Dec 17
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +3 min

The parliamentary election will coincide with local votes in 65 municipalities, including the capital Belgrade. Experts say the vote and an absence of a working parliament, will allow Vucic to buy time and delay decisions over ties with independent and predominantly Albanian Kosovo, which Serbia still sees as its southern province. Opposition parties and rights groups accuse Vucic, the SNS and its allies of autocracy, oppressing media freedoms, election fraud, violence against political opponents, corruption and ties with organised crime. After signing the decree, Vucic said it was important for Serbia to "preserve peace, stability, and internal cohesion and (to) show democracy". "This campaign is an opportunity to present different ideas, programs, policies ... , but which must never threaten vital interests of Serbia," he said.

Persons: Aleksandar Vucic, Vucic, Ursula von der Leyen, Stata, Aleksandar Vasovic, Andrew Cawthorne, Alison Williams Organizations: EU, Russia, Serbian Progressive Party, SNS, Thomson Locations: BELGRADE, Serbian, Kosovo, Belgrade, Albanian Kosovo, Serbia, Ukraine

☆ Taiwan opposition to team up for parliamentary elections
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Oct 30 (Reuters) - Taiwan's two main opposition parties said on Monday they will team up for parliamentary elections in January in a bid to win more seats but said more discussions are needed on a joint ticket for a presidential vote. The issue of China, which views self-ruled Taiwan as its territory, looms over the Jan. 13 parliamentary and presidential elections. It has stepped up military and political pressure to press the island to accept its sovereignty claim, which Taiwan rejects. China cut off a routine talks with Taiwan after President Tsai Ing-wen of the DPP took office in 2016. The two opposition parties have vowed to pursue dialogue with China on an equal and dignified basis and "restore peace and stability in the Taiwan Strait".

Persons: William Lai, Hou Yu, Ko Wen, Tsai Ing, Yimou Lee, Robert Birsel Organizations: Democratic Progressive Party, Kuomintang, KMT, ih, Taiwan People's Party, Thomson Locations: TAIPEI, China, Taiwan, Taipei

☆ Crowds throng Taipei as Taiwan celebrates east Asia's largest Pride march
▼ + stars: | 2023-10-28 | by ( ) www.reuters.com time to read: +2 min

[1/5] Friends greet each other at the annual Taiwan's Pride parade in Taipei, Taiwan October 28, 2023. Lai then joined the DPP delegation, marching behind a banner reading "Democracy Supports Gays" as supporters yelled out "Hello Mr. President". The streets of central Taipei were packed for the annual parade, the 21st since it began and including go-go dancers and drag queens. Taiwan's openness on LGBTQ+ issues stands in marked contrast with its giant neighbour China, which claims the island as its own territory. While same sex relations are not illegal in China, same sex marriage is, and the government has been cracking down on activists and depictions of LGBTQ+ people in the media.

Persons: Ann Wang, Lai Ching, Lai, Democratic Progressive Party's, Tsai Ing, Tsai, Ben Blanchard, Editingby Raju Gopalakrishnan Organizations: REUTERS, Rights, Democratic Progressive, DPP, Kuomintang, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, China

☆ Taiwan reports Chinese fighters, bombers nearby as election campaign heats up
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

[1/3] Airplane is seen in front of Chinese and Taiwanese flags in this illustration, August 6, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTAIPEI, Nov 22 (Reuters) - Taiwan again reported Chinese military activity around the island on Wednesday, with 11 aircraft crossing the sensitive median line of the Taiwan Strait as the island's election campaign kicked into high gear. Taiwan holds presidential and parliamentary polls on Jan. 13 and candidates have to register with the election commission this week in order to take part. The strait's median line had previously served as an unofficial barrier between the two sides and which Chinese planes now regularly fly over. China says its activities near Taiwan are aimed at preventing "collusion" between Taiwan separatists and the United States and to protect China's territorial integrity.

Persons: Dado Ruvic, Ben Blanchard, Toby Chopra, Raju Gopalakrishnan Organizations: REUTERS, Rights, Taiwan, Democratic Progressive Party, Kuomintang, Thomson Locations: Rights TAIPEI, Taiwan, China, Beijing, Taipei, United States

☆ Amid Foxconn probe, China tells Taiwan firms to play positive role in ties
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +3 min

A Foxconn shareholder poses for photos after the annual shareholder meeting in New Taipei City, Taiwan May 31, 2023. REUTERS/Ann Wang Acquire Licensing RightsBEIJING, Oct 25 (Reuters) - Taiwanese companies should assume their social responsibilities and play a "positive role" in promoting the peaceful development of relations across the Taiwan Strait, China's government said on Wednesday, amid a probe into major Apple supplier Foxconn. "While sharing development benefits and growth dividends on the mainland and achieving rapid development, Taiwan enterprises should also assume corresponding social responsibilities and play a positive role in promoting the peaceful development of cross-Straits relations." China believes Lai, who is leading opinion polls, is a separatist bent on a formal declaration of independence. "As pointed out by the media on the island, Lai Ching-te has now changing from a Taiwan independence maniac to a Taiwan independence liar," she said.

Persons: Ann Wang, Zhu Fenglian, Zhu, Lai Ching, Democratic Progressive Party's, Lai, Ben Blanchard, Jacqueline Wong, Lincoln Organizations: REUTERS, Rights, Apple, Global Times, Taiwan Affairs Office, Taiwan, Democratic Progressive, Beijing, Thomson Locations: New Taipei City, Taiwan, Rights BEIJING, Taiwan Strait, China, Beijing

☆ China's crackdown on Foxconn, one of Apple's biggest suppliers, shows Beijing is willing to sacrifice its economy for political power
▼ + stars: | 2023-10-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

China has launched investigations into Taiwan's Foxconn over its land use in mainland China. AdvertisementAdvertisementEven Foxconn, China's largest private-sector employer, isn't immune from Beijing's whims. Foxconn, also known as Hon Hai Precision Industry, is a huge contributor to China's employment and economic growth. Given how important Foxconn is to China's economy, it's a sign that Beijing is willing to make some sacrifices in its economy for political reasons, Liu said. China's economy is in tattersChina's economy has struggled to recover after nearly three years of on-off COVID-19 lockdowns.

Persons: —, Terry Gou, Foxconn, William Lai, KMT's Hou Yu, Ko Wen, Anna Ashton, Lai, China —, Gabriel Wildau, Zhu Fenglian, Dongshu Liu, Liu, they've, Insider's Linette Lopez, Xi, Lee Miller, Lopez, Liu Pengyu Organizations: Service, Hai Precision Industry, Apple, Democratic Progressive Party, ih, Taiwan People's Party, Eurasia Group, Gzero Media, KMT, Teneo Holdings, Bloomberg, Foxconn, Taiwan Affairs Office, City University of Hong, WPP, DC Locations: China, Beijing, Taiwan —, Taiwan, Taipei, New York, City University of Hong Kong, tatters, Washington, Foxconn

☆ Foxconn founder Terry Gou lies low in Taiwan election as China tax probe reverberates
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +6 min

[1/2] Terry Gou, founder of Taiwan's Foxconn poses for pictures while saluting during a news conference in Taoyuan, Taiwan April 5, 2023. But three months out from the election, Gou, whose net worth is estimated by Forbes at $6.7 billion, has gone to ground. China claims Taiwan as its own and believes Lai, who leads opinion polls, is a separatist bent on a formal declaration of independence. Since the Global Times report came out, Gou's team has declined to comment, referring questions to Foxconn itself. Gou remains a lauded figure at Foxconn after stepping down as chairman in 2019, referred to reverentially as "the founder".

Persons: Terry Gou, Taiwan's, Carlos Garcia Rawlins, Taiwan's Terry Gou, Gou, Lai Ching, Lai, Steve Jobs, Foxconn, Democratic Progressive Party's, reverentially, Xi Jinping, Ben Blanchard, Sonali Paul Organizations: REUTERS, Rights, Apple, Forbes, Global Times, Taiwan, Democratic Progressive, DPP, Taiwan People's Party, Hai Precision Industry Co Ltd, Chicago, Atari, Dell, Sony Corp, Nintendo Co, Microsoft Corp, Communists, Communist Party's, Thomson Locations: Taoyuan, Taiwan, Rights TAIPEI, China, Foxconn, Beijing, Kuomintang, People's Republic of China

☆ Foxconn’s China woes expose supply chain dilemma
▼ + stars: | 2023-10-24 | by ( Chan Ka Sing | ) www.reuters.com time to read: +4 min

Yet, coming less than 100 days ahead of Taiwan’s presidential election in January, it is difficult to see surprise tax raids on Foxconn as having no geopolitical implications. For multinationals, the tax audits expose Foxconn’s difficulty in navigating the global business environment as tensions across the Taiwan Strait escalate. For global onlookers anxious to reduce their Chinese dependency, Foxconn could be the most telling case on the true cost of reshoring. The audits come less than three months ahead of Taiwan’s presidential election in January 2024 and amid Foxconn’s drive to expand its production outside China. Foxconn’s founder Terry Gou, who stepped down as company chief in 2019, is running as an independent candidate in Taiwan’s upcoming presidential election.

Persons: Foxconn, Terry Gou, It’s, Foxconn’s, Lisa Jucca, Thomas Shum, Katrina Hamlin Organizations: Reuters, Apple, Hai Precision Industry, Global Times, Eastern, Democratic Progressive Party, Foxconn, Thomson Locations: HONG KONG, China, Taiwan, Foxconn, Beijing, Vietnam, Republic, Shanghai, Taipei

☆ Who is running to be Taiwan's next president?
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

Here is a list of the candidates standing for president and their positions on relations with China:LAI CHING-TELai, also known by his English name William, is running for the ruling Democratic Progressive Party (DPP). Currently Taiwan's vice president, he is also the DPP's chairman, and has consistently led opinion polls. Lai, along with Taiwan President Tsai Ing-wen, have repeatedly offered talks with China but been rebuffed, as Beijing views them both as separatists. Lai and Tsai say only Taiwan's people can decide their future. He was re-elected in a landslide last year but has generally been running third in presidential election opinion polls.

Persons: LAI CHING, TE Lai, Lai, Tsai Ing, Tsai, HOU, Hou, Mao Zedong's, KO WEN, JE Ko, Ko, TERRY GOU Gou, Gou, Ben Blanchard, Sonali Paul Organizations: Democratic Progressive Party, Taiwan's, Kuomintang, KMT, New, Beijing, Taiwan People's Party, Apple, Thomson Locations: Taiwan, China, Beijing, Taipei's, New Taipei, Taipei, U.S

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