Chang Kai Shek (CKS) Memorial Hall in Taipei, capital of Taiwan. What is it about Taiwan anyway? Why does China care so much about this little island — and why should we in the U.S. give a flying hoot? Further, why is Taiwan such a big deal right now? (And a focal point of the virtual summit held this week between Joe Biden and Xi Jinping.) The disputed status of Taiwan has been an issue for almost three quarters of a century. Now for some reason Taiwan has moved from a tolerable friction… Source link
Read More »‘Inconceivable’ Australia would not join U.S. to defend Taiwan
MELBOURNE, Nov 13 (Reuters) – It would be “inconceivable” for Australia not to join the United States should Washington take action to defend Taiwan, Australian Defence Minister Peter Dutton said on Saturday. On Wednesday, U.S. Secretary of State Anthony Blinken said the United States and its allies would take unspecified “action” https://www.reuters.com/world/asia-pacific/us-allies-would-take-action-if-taiwan-attacked-blinken-2021-11-10 if China were to use force to alter the status quo over… Source link
Read More »World’s Worst Stock Rout Deepens as Taiwan Tightens Virus Curbs
(Bloomberg) — Taiwan stocks slumped, extending their biggest rout in more than a year, as the government tightened restrictions on people and businesses to control its worst outbreak of the coronavirus. The Taiwan Stock Exchange Weighted Index closed the Monday session 3% lower, having slid as much as 4.2%, as authorities urged companies to allow staff to work from home or split locations after reporting a record 206 new local cases Sunday. The benchmark gauge sank 8.4% last week on concern… Source link
Read More »China accuses US of show of force with Taiwan Strait passage
National Review The Bill Is Coming Due for China’s ‘Capitalist’ Experiment The Chinese Communist Party (CCP) has re-awoken to a profound truth: Rich, secure capitalists are the natural enemies of authoritarian regimes. In a hybrid autocratic-capitalist model, capitalism is the means to generate wealth, but power is the end goal. Successful capitalists naturally begin to demand that their personal and property rights be protected from authoritarian fiat. Capital in the hands of… Source link
Read More »TSMC’s $35 Billion Rally Puts Taiwan Stock Index Above 1990 Peak
(Bloomberg) — Taiwan’s equity benchmark broke a record that stood for three decades, helped by the biggest surge in years for the economy’s biggest stock. The Taiex closed 2.3% higher Monday as Taiwan Semiconductor Manufacturing Co. soared the 10% daily limit. The $35 billion addition to its market capitalization makes TSMC the 12th most valuable stock worldwide, ahead of U.S. retail giant Walmart Inc. The chip producer for the likes of Apple Inc. wields so much influence over Taiwan’s… Source link
Read More »