(Bloomberg) -- New Taiwan President Lai Ching-te urged China to stop its campaign of pressure of the democratic island, comments aimed at calming a dispute...
-- New Taiwan President Lai Ching-te urged China to stop its campaign of pressure of the democratic island, comments aimed at calming a dispute at the heart of a geopolitical rivalry involving the world’s two biggest powers.Rescuers Found No Signs of Life at Iran Crash Site: Full Story
The benchmark Taiex gauge of stocks closed up 0.1% after falling as much as 0.7% during Lai’s address. The Taiwan dollar weakened 0.1% to trade at 32.24 versus the greenback as of 2:05 p.m. in Taipei.Taiwan’s relations with China have become more pressing as the People’s Liberation Army has stepped up military activity near the island, raising the specter of a conflict.
On Monday, China leveled largely symbolic sanctions on Boeing Defense, Space & Security and two other companies over arms sales to Taiwan. Last week, it said it would sanction five Taiwanese political commentators and roll out a law to punish “separatists.” Beijing is likely to respond in other ways to Lai’s speech soon.
Taiwan’s Defense Ministry said in a statement Monday that it continued to monitor the Taiwan Strait and that its operations were normal. In a campaign ad for Taiwan’s President-elect Lai Ching-te, incumbent President Tsai Ing-wen was shown driving with Lai in the passenger seat, exchanging reflections on their years governing together. Tsai later turned over the driving to Lai, who was joined by running mate Bi-khim Hsiao. The message was clear: Lai would steer the island in the direction set by Tsai, who after eight years in power was barred from running again.
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Taiwan's new President Lai in his inauguration speech urges China to stop its military intimidationTAIPEI, Taiwan (AP) — Taiwan’s new President Lai Ching-te in his inauguration speech has urged China to stop its military intimidation against the self-governed island Beijing claims as its own territory.
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Taiwan's new President Lai in his inauguration speech urges China to stop its military intimidationTAIPEI, Taiwan (AP) — Taiwan’s new President Lai Ching-te in his inauguration speech has urged China to stop its military intimidation against the self-governed island Beijing claims as its own territory.
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