Taiwan Tati Cultural and Educational Foundation

HK is a money laundering machine

Paul Lin 林保華

According to Chinese media reports, last year a total of nearly 1 trillion yuan (US$146.78 billion) mysteriously disappeared from China after it was remitted into Hong Kong without first being converted into yuan deposits, and instead directly converted into US dollars and Hong Kong dollars. What is the truth behind these transfers?

The international financial crisis of 2008 hit Chinese exports badly. In the second half of that year, the value of China’s exports dropped sharply and then-Chinese premier Wen Jiabao (溫家寶) launched a 4 trillion yuan emergency plan, consisting of 10 measures to expand domestic demand.

US port calls might unsettle China

Taipei Times Editorial

A move by the US to renew naval port of call visits to Taiwan might serve as the greatest challenge to the “one China” policy since the 1972 Shanghai Communique that led to its inception.

Although US President Donald Trump called the policy into question when he spoke with President Tsai Ing-wen (蔡英文) by telephone last year, he later accepted it and on Feb. 9 reiterated the US’ commitment to upholding it.

Achievements threatened by China

Huang Tien-lin 黃天麟

In last year’s presidential and legislative elections, the Democratic Progressive Party (DPP) swept to victory with not just the presidency, but the party’s first-ever legislative majority. Eighteen months on, despite a slump in the opinion polls, President Tsai Ing-wen’s (蔡英文) government has already done three things that should please the public.

A new front in the diplomatic war

Taipei Times Editorial

The past month has been tumultuous for international relations. Panama switching diplomatic recognition to Beijing in the middle of the month saw the number of Taiwan’s diplomatic allies reduced to 20. It was followed by the Nigerian government sending troops to seal off Taiwan’s trade office in Abuja, despite having already ordered the office’s relocation from the capital in January due to apparent pressure from China.

Ordinary Taiwanese have grown numb to the gradual, one-at-a-time drop in the number of diplomatic allies.

More Articles...