Taiwan is not Ukraine. China, in that part of the world especially, is not Russia. Still, in his off-the-cuff remarks that the United States will come directly to Taiwan’s rescue if Beijing chooses to take the self-governing island by force, President Joe Biden has reawakened China’s worst nightmare. What that looks like is simple: There will be no easy or peaceful accession of Taiwan to the mainland anytime soon, if ever. CNN
Tag: China
Why Biden Is Right to End Ambiguity on Taiwan
It was no gaffe when the president said the U.S. would defend the island against China, but good policy. The Atlantic
Foreign investors are fleeing China
Jing’an century, a housing development with ponds and lush greenery in north Shanghai, should have been bustling with activity as workers put the finishing touches on flats. Instead the area is silent. A two-month lockdown of the city of 25m people has forced the developer, a large group called Yanlord, to halt construction on the site. Homebuyers have been on edge for months as some of the country’s largest developers default on bonds and struggle to deliver homes to ordinary Chinese buyers. More from Economist
China’s $16 Trillion Cash Hoard Shows Deepening Household Gloom
For decades, the surest way for ordinary Chinese families to grow their wealth and guarantee future financial stability was to put most of their money into real estate, and the rest into the stock market. Bloomberg
US’s delicate balancing act on the dispute between China and Taiwan?
Soon after President Joe Biden said on Monday (May 23) that the United States would intervene militarily if China invaded Taiwan, the White House sought to clarify that he did not mean America’s policy towards the dispute had changed. More from TheIndianExpress
Is the US One China Policy different from the “One China” Beijing principle
The One China Policy of the United States is not the same as the “One China” principle of the PRC, according to a One China Policy Primer published by the Brookings Institution.
“The One China Policy contains more elements, such as the US interest in a peaceful process of cross-Strait dispute resolution, and its differing interpretation of Taiwan’s legal status as compared to Beijing’s interpretation,” it says. More from TheIndiaExpress
What is the one China policy?
What is the one China policy? To break it down, the U.S. acknowledges China’s position that there is only one legitimate Chinese government, based in Beijing, and that Taiwan is part of China. Strategically, however, the U.S. has never officially recognized China’s claim to the islands or commented on what would happen if Taiwan is attacked. Also under the policy, the U.S. does not have diplomatic relations with Taiwan; however, the U.S. supplies them with military gear and keeps unofficial contacts there. NewsNation
US not bound by Beijing’s ‘one China’ principle
he US Department of State yesterday criticized Beijing over its misrepresentation of the US’ “one China” policy in the latest diplomatic salvo between the two countries over a bid by Taiwan to regain its observer status at the World Health Assembly, the decisionmaking body of the WHO.
“The PRC [People’s Republic of China] continues to publicly misrepresent U.S. policy,” Department of State spokesman Ned Price wrote on Twitter. Taipei Times
China’s new-type armored recovery vehicle makes debut
With a new type of armored recovery vehicle demonstrating its capabilities in a recent exercise in the Karakoram Mountains, the Chinese People’s Liberation Army (PLA) Xinjiang Military Command has received a powerful supportive tool that will greatly enhance its armored combat capability in plateau, experts said on Monday. Global Times
Airbnb to quit China as lockdowns restrict tourism
All listings for homes and experiences in the country will be removed from the company’s website by summer, a source familiar with the matter told the BBC.
Stays within China made up only 1% of Airbnb’s revenue over the last few years. BBC