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High-tech China ban to go: premier

Premier Wu Den-yih (吳敦義) said yesterday the government would soon lift a ban on high-tech industries setting up operations in China, saying regulations for the review and approval of applications were still being deliberated on by the Ministry of Economic Affairs (MOEA).

“I recently had a briefing from the MOEA [on reviewing investment bans on China] and was in support of its suggestions [to ease restrictions], but we still need to work out a detailed plan, as well as rules for reviewing applications,” Wu said at a press conference mapping out his Cabinet’s policies for this year.

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Defense, beef ban unrelated: US official

The increasingly fractious beef row between Washington and Taipei will not impact arms sales or other aspects of the bilateral relationship, Assistant US Secretary of State for East Asia and the Pacific Kurt Campbell said on Thursday.

Asked if Taiwan’s decision to ban some kinds of US beef would go beyond trade and economic relations and be linked to such vital issues as security and arms sales, Campbell said that it would not.

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Newsflash

China poses an increasingly aggressive threat to the US and deterring Beijing is the Pentagon’s top regional priority amid its rapid military buildup and invasion drills near Taiwan, US Secretary of Defense Pete Hegseth said on Tuesday.

“Our pacing threat is communist China,” Hegseth told the US House of Representatives Appropriations Subcommittee on Defense during an oversight hearing with US General Dan Caine, chairman of the Joint Chiefs of Staff.

“Beijing is preparing for war in the Indo-Pacific as part of its broader strategy to dominate that region and then the world,” Hegseth said, adding that if it succeeds, it could derail reindustrialization in the US and strangle its economy.