Taiwan Tati Cultural and Educational Foundation

The proverbial dam appears to be breaking with respect to countries’ view on Taiwan and its security. Throughout this summer, a number of countries and major international groupings have come out in support of “peace and stability in the Taiwan Strait.”

The first major breakthrough occurred in April with a joint statement released by US President Joe Biden and Japanese Prime Minister Yoshihide Suga. The statement was followed by a similar one by Biden and South Korean President Moon Jae-in. The EU and G7 also addressed the issue of Taiwan’s security in statements and communiques.

A plethora of seemingly random interventions by the Chinese Communist Party (CCP) into China’s private sector has sent Wall Street into a tailspin, leaving many investors, in Taiwan and abroad, questioning whether Beijing is still committed to its post-Cultural Revolution embrace of capitalism and free markets.

The moves have included a crackdown on billionaires and homegrown technology giants, limiting video game time for people younger than 18 to three hours per week, closing private and online education enterprises, purging “morally corrupt” celebrities and the planned censorship of “unhealthy” karaoke songs.