As he is all set for a record 3rd five-year term in power and perhaps for life, President Xi Jinping on Sunday warned that China will not renounce the use of force to unify Taiwan with the mainland and vowed to advance the modernisation of the country's military to world-class standards to protect national sovereignty, security and developmental interests. Taiwan considers itself a sovereign state but China views the self-ruled island as a breakaway province. Beijing has not ruled out the possible use of force to achieve unification. We will not renounce the use of force and will take all necessary measures to stop all separatist movements in Taiwan, Xi said on the opening day of the week-long key once-in-a-five-year Congress of the ruling Communist Party of China (CPC), which is widely expected to confer an unprecedented 3rd five-year term on him. Except for Xi, all the top leaders of the party, including the number two leader Premier Li Keqiang, would be replaced or reshuffled ..
Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, said on Thursday that its quarterly profit rose 79.7 per cent over a year earlier to USD 8.8 billion amid surging demand. Quarterly revenue rose 47.9 per cent over a year ago to USD 19.2 billion, the company reported. TSMC, headquartered in Hsinchu, Taiwan, makes processor chips for brands including Apple Inc. and Qualcomm Inc. Chipmakers are benefiting for demand for next-generation telecoms, high-performance computing and chips for use in products from cars to medical devices. TSMC announced plans last year to invest USD 100 billion over the next three years in manufacturing and research and development. Most semiconductors used in smartphones, medical equipment, computers and other products are made in Taiwan, South Korea and China. That has prompted concern among American officials about reliance on supplies that might be disrupted by conflict betw
China's threats of military action against Taiwan are absolutely not an option and will only push our two sides further from each other," Taiwanese President Tsai Ing-wen said Monday. Speaking on Taiwan's National Day, Tsai said China should not mistake competition within Taiwan's multiparty democratic political system for weakness and attempt to divide Taiwanese society. I want to make clear to the Beijing authorities that armed confrontation is absolutely not an option for our two sides," Tsai said. Only by respecting the commitment of the Taiwanese people to our sovereignty, democracy, and freedom can there be a foundation for resuming constructive interaction across the Taiwan Strait," she said. Fighter jets and a Chinook helicopter displaying Taiwan's flag flew overhead while the band from Taipei's First Girls' High School played hits ranging from the Beatles to Lady Gaga. National Day included international guests such as Palau President Surangel S. Whipps Jr., whose country
A suggestion by Tesla Inc. CEO Elon Musk that Taiwan could be made a special administrative zone of China has provoked a backlash both from China and the self-governing island
India and Taiwan should firm up the proposed free trade agreement (FTA) at the earliest as it will remove all barriers to trade and investment and help create a resilient supply chain, Taipei's de-facto Ambassador Baushuan Ger said. The Taiwanese representative said Taiwan is keen to share its expertise with India in critical sectors such as semiconductors, 5G, information security and artificial intelligence and that his country can be an "excellent" partner to develop India's high-tech supply chain. He said Taiwan has been actively pursuing FTA with like-minded trading partners including India and reaffirmed Taipei's focus on supporting the rules-based international order. "The signing of the FTA will further remove all trade and investment barriers and lead to a jump in bilateral trade and investment," he told PTI. "In addition, it will help attract Taiwan companies to invest in India to establish production bases, sell India-made products to the world, and help India transform
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India and Taiwan are threatened by "authoritarianism" and it is high time for both sides to engage in "strategic collaboration", Taipei's de-facto Ambassador Baushuan Ger said on Sunday while referring to China's aggressive behaviour in the region. In an interview to PTI, Ger said Taiwan and India need to join hands to "fend off" the "expansion of autocracy" as he cited actions in the East and the South China Sea, Hong Kong and Galwan Valley to highlight reasons for tensions in the region. Following a high-profile visit to Taiwan by US House Speaker Nancy Pelosi in August, China has been ramping up its military offensive against the self-ruled island of more than 23 million people, triggering global concerns. China considers Taiwan as its breakaway province and reacted angrily to Pelosi's tour of Taiwan. Ger said Taiwan appreciated India for standing up for justice, peace and stability in the Taiwan Strait in the wake of China's military offensive in response to Pelosi's trip. "Bo
While financial services executives said they view the risk of armed conflict in North Asia as low, they see tit-for-tat sanctions between the US and China that disrupt the flow of finance and trade
Attending funerals on behalf of the United States is normally a straightforward assignment for a vice president, but Kamala Harris will confront controversy at nearly every turn as she visits Asia for the memorial honouring former Japanese Prime Minister Shinzo Abe. American allies are seeking clarity after mixed messages over whether President Joe Biden would send troops to defend Taiwan from a Chinese invasion, a potential conflict that could swiftly engulf the rest of the region. There's the potential for more provocations from North Korea, which test-fired a missile shortly before Harris' departure on Sunday from Washington. Meanwhile, South Korea and Japan are inching toward a reconciliation that would heal some of the wounds left from World War II, with the US gingerly trying to nudge along the process. And there's resentment over a new US law that makes electric vehicles built outside of North America ineligible for subsidies. Even Abe's state funeral on Tuesday itself is a
China underscored its commitment on Saturday to its claim on Taiwan, telling assembled world leaders that anyone who gets in the way of its determination to reunify with the self-governing island would be crushed by the wheels of history. The language was forceful but, for Chinese leadership, well within the realm of normal. Only when China is fully reunified can there be true peace across the Taiwan Strait, Wang Yi, China's foreign minister, said at the UN General Assembly. He said Beijing would take the most forceful steps to oppose external interference. China regularly and vehemently defends its claim to Taiwan, which separated from the mainland after a 1949 civil war and now functions with its own government. A visit last month by the speaker of the US House of Representatives, Nancy Pelosi, markedly ratcheted up tensions between Washington and Beijing. The language, while pointed, reflected China's typical intensity about the island; its claim seldom goes unmentioned in maj
Thousands of jobs being created, but most going to outsiders, complain locals
China's authorities have used the term "gray rhinos" in the past to refer to highly probably, high-impact financial hazards that risk being overlooked
Reacting to Biden's interview with CBS News, Chinese Foreign Ministry spokesperson Mao Ning said the remarks seriously violated the 'one China' policy and three joint communiques related to Taiwan
A strong earthquake shook much of Taiwan on Sunday, toppling a three-story building and trapping two people inside and knocking part of a passenger train off its tracks. The magnitude 6.8 quake was the largest among dozens that have rattled the island's southeastern coast since Saturday evening, when a 6.4 quake struck the same area. Most of the damage appeared to be north of the epicentre, which Taiwan's Central Weather Bureau said was in the town of Chishang at the relatively shallow depth of 7 kilometres (4 miles). The three-story building, which had a 7-11 convenience store on the ground floor and residences on the upper ones, collapsed in nearby Yuli town, the island's Central News Agency said. The 70-year-old owner of the building and his wife have been rescued, and workers were in communication with a 39-year-old woman and her five-year-old daughter still trapped inside. Photos showed the top two stories sprawled across a narrow street and onto the other side, with electric
As of Sunday morning, 47 tremors have jolted Taiwan subsequent to a 6.5-magnitude earthquake that hit the eastern county of Taitung at 9.41 pm
Chinese President Xi Jinping on Friday asked SCO member states to guard against "colour revolutions" instigated by "external forces" and asked them to maintain strategic independence and safeguard regional stability, in a veiled attack on the US as it expands its influence in the Indo-Pacific region. Addressing the 22nd SCO summit here in the historic Uzbek city, Xi also announced plans to establish a centre in China to train counter-terrorism personnel by the grouping and mooted a development bank to speed up regional economic integration. Xi congratulated India for taking over the rotating Presidency of the Beijing-based eight-member regional grouping. Here I wish to express China's congratulations to India on assuming the next SCO presidency. We will, together with other member states, support India during its presidency, he said at the summit, also attended by Prime Minister Narendra Modi. The once-in-a-century pandemic has continued unabated. Regional conflicts keep flaring up
Previous sanctions by China have restricted people from entering China, Hong Kong or Macau, or doing business there, measures that would likely have little effect on Colbert or Hayes
The idea is to restrict some trade and investment with China in sensitive technologies like computer chips and telecoms
Xi and Putin meet face-to-face in Uzbekistan on Thursday in their first sitdown since a Beijing meeting before the Winter Olympics that yielded a lengthy joint statement of more than 5,000 words
Taiwan has been gaining global support after China increased its military activities around the Island nation since US House Speaker Nancy Pelosi visited Taipei last month.