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China has ’no right to represent Taiwan,’ Lai says

President William Lai (賴清德) yesterday said that China has “no right to represent Taiwan,” but stressed that the nation was willing to work with Beijing on issues of mutual interest.

“The Republic of China has already put down roots in Taiwan, Penghu, Kinmen and Matsu,” Lai said in his first Double Ten National Day address outside the Presidential Office Building in Taipei. “And the Republic of China and the People’s Republic of China [PRC] are not subordinate to each other.”

“The People’s Republic of China has no right to represent Taiwan,” he said at the event marking the 113th National Day of the Republic of China, adding that his “mission” as president was to “ensure that our nation endures and progresses” and “resist annexation or encroachment upon our sovereignty.”

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Manila condemns PRC attack on Vietnamese fishers

The Philippines yesterday denounced China’s alleged assault of Vietnamese fishers in the South China Sea, where Manila and Beijing are also locked in violent confrontations that have led to fears of armed conflict.

Vietnam has accused “Chinese law enforcement forces” of beating the 10 fishers with iron bars and robbing them of thousands of dollars’ of fish and equipment on Sunday off the Paracel Islands (Xisha Islands, 西沙群島).

A Chinese Ministry of Foreign Affairs spokesperson acknowledged an incident took place there, but disputed the Vietnamese version of the events.

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Newsflash

The central bank is pushing for curbs to be imposed on the amount of Chinese capital that can be placed in local stocks, hoping to stem the inflow of speculative funds, an official said yesterday.

The Financial Supervisory Commission, which has the authority to set limits on Chinese funds, has been approached by central bank officials eager to keep controls tight, said Lu Ting-chieh (盧廷劼), the commission’s chief secretary.