Taiwan is among the largest manufacturers of crucial chips and houses the world's largest semiconductor foundry, Taiwan Semiconductor Manufacturing Company (TSMC)
Starting from Thursday, China has said that it will carry out five days of "necessary and just" military drills in the seas around Taiwan following US House Speaker Nancy Pelosi's trip to the island
After a trip that drew China's wrath, a defiant Nancy Pelosi concluded her visit to Taiwan on Wednesday with a pledge that the American commitment to democracy remains ironclad.
America has trodden carefully in its relations with communist China, especially on the issue of Taiwan
A fresh record high monthly trade deficit in July also weighed on sentiment in the domestic currency market, traders said
Restrictions range from fruit and fish imports to export of natural sand
The latest Chinese mission included 16 Chinese Su-30 fighters and 11 other jets, Taiwan's defence ministry said
US House Speaker Nancy Pelosi departed Taiwan on Wednesday after meeting with the president and other officials in a visit that heightened tensions with China. Pelosi and five other members of Congress were headed to South Korea, the next stop on an Asia tour that also includes Singapore, Malaysia and Japan. In Taiwan, she said her delegation was showing their commitment to the self-governing island that China claims and says must come under its control. China staged military drills after her arrival and called her visit a provocation that infringes on its sovereignty.
Global stock markets were mixed Wednesday as traders watched for potential economic impact from the visit to Taiwan by Nancy Pelosi, speaker of the US House of Representatives. London and Shanghai fell. Frankfurt, Tokyo and Hong Kong gained. Oil prices declined. China, which claims self-ruled Taiwan as part of its territory, banned imports of Taiwanese citrus fruits and frozen fish in retaliation for Pelosi's visit. But it has avoided disrupting the flow of processor chips and other industrial goods, a step that could jolt the global economy. The real show of force by China is still to come, said Clifford Bennett of ACY Securities in a report. In early trading, the FTSE 100 in London lost 0.2% 7,392.56 while the DAX in Frankfurt gained less than 0.1% to 13,454.28. The CAC 40 in Paris edged 0.1% higher to 6,417.52. On Wall Street, the future for the benchmark S&P 500 index was up 0.2% and that for the Dow Jones Industrial Average was 0.3% higher. On Tuesday, the S&P 500 lost ...
A few Chinese old-timers read the pages of a newspaper on Wednesday hung up behind glass on an outdoor display board in a relic of pre-smartphone days, when that's how people in China got the news. Wang Junzhong, 70, peered at an editorial in the Global Times, an outspoken, fiercely nationalistic voice of the ruling Communist Party. The headline read, To safeguard national sovereignty and security, the Chinese military dares to show the spirit of the sword." After weeks of threatening rhetoric, China showed the spirit but stopped short of any direct military confrontation with the US over the visit to Taiwan of a senior American politician, House Speaker Nancy Pelosi. Instead, it opted for military drills as a show of force, sending fighter jets into the air and scrambling crews on navy ships in simulated emergencies after Pelosi defied Chinese warnings and flew into Taiwan on a US government plane on Tuesday night. The failure to stop Pelosi from visiting Taiwan - a self-governing
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Furious over US House Speaker Nancy Pelosi's visit to Taipei, China announced punitive measures on outfits seeking "Taiwan independence" and banned imports of some Taiwanese food products
US House Speaker Nancy Pelosi met with Taiwan's President, Tsai Ing-wen and reiterated Washington's support to the island country
US House Speaker Nancy Pelosi on Wednesday said that she came to Taiwan as she seeks "peace for the region" after her visit irked China and started its diplomatic games
Nancy Pelosi's visit is fanning fresh jitters among investors already spooked by the threat of a global slowdown amid surging inflation
North Korea strongly denounced Nancy Pelosi's visit to Taiwan on Wednesday, calling it an "impudent interference" by Washington into another nation's internal affairs
Amid the heightened tensions between China and the US over Nancy Pelosi's visit to Taiwan, Beijing has decided to avoid meeting Secretary of State Antony Blinken at the ASEAN meet
China's Vice Foreign Minister Xie Feng summoned US Ambassador to China Nicholas Burns to protest against US House Speaker Nancy Pelosi's visit to Taiwan
When House Speaker Nancy Pelosi flew into Taiwan on an Air Force passenger jet, she became the highest-ranking American official in 25 years to visit the self-ruled island
Chinese warplanes buzz Taiwan Strait dividing line; US House speaker's visit has enraged Beijing; Beijing insists self-ruled Taiwan is part of China