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CCP ‘carrot, stick’ success waning: expert

China might implement pressure campaigns in the run-up to Taiwan’s presidential election next month, including introducing investment incentives and conducting military exercises around the country, to try and sway voters to cast their ballot in a more pro-Beijing direction, an expert said on Thursday.

In contrast to how official communications with Taiwan were severed after President Tsai Ing-wen (蔡英文) won her first-term victory in 2016, the Chinese Communist Party (CCP) has continued full steam ahead in its efforts to win the hearts of Taiwanese business people, said Kung Shan-son (龔祥生), a researcher at the Taiwan government-funded think tank Institute for National Defense and Security Research.

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Ten officers charged with espionage

Ten former and current military officers were yesterday indicted on charges of spying for China, including two who allegedly filmed themselves pledging loyalty to Beijing.

The High Prosecutors’ Office requested life imprisonment for the suspects in light of the severity of the crime.

The 10 active-duty and retired officers included members of the 601st Brigade of the Aviation Special Forces comprising attack helicopter squadrons and elite combat units in charge of defending northern Taiwan, including Taipei.

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Newsflash

Data released by the Chinese National Bureau of Statistics on Friday showed that China’s GDP growth slowed to 6.5 percent in the third quarter, the lowest since early 2009. China’s growth faces increasing pressure from the US-China trade war, Beijing’s financial deleveraging and property curbs, the US Federal Reserve’s interest rate hikes and a weakening yuan that is prompting capital outflows.

The People’s Bank of China has lowered its reserve requirement ratio four times to encourage lending and has urged banks to increase lending to cash-starved small companies, but Chinese media have reported that banks’ loan requirements for small firms and private companies remain stringent, and further reserve requirement reduction is expected.