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Home The News News The Formosa Club congratulates Lai

The Formosa Club congratulates Lai

The Formosa Club — a coalition of Taiwan friendship groups — on Tuesday congratulated Vice President William Lai (賴清德) on his victory in Saturday’s presidential election and voiced concern over apparent Chinese involvement in Nauru severing diplomatic ties with Taiwan.

Nauru switched recognition to China two days after Taiwan’s presidential and legislative elections, which the Formosa Club said in a statement was based on Beijing’s claim that Taiwan is part of China, a misinterpretation of UN Resolution 2758.

The incident “highlights the fact that China has utilized the distorted interpretation of this resolution to isolate Taiwan internationally,” wrote 25 cochairs of the club, which comprises cross-party European and Canadian legislators.

US Secretary of State Antony Blinken is pictured in an undated photograph.

Photo: Reuters

“We express grave concern over China’s manipulation and weaponization of UN resolutions to advance its expansionist agenda,” they wrote.

The timing of Nauru’s decision shows “China’s deliberate suppression and intimidation against Taiwan’s democratic process,” and threatens the regional stability and international order, they said.

The statement condemned Beijing’s use of “methods contrary to the principles of the rule of law and good governance” to expand its influence.

It called for vigilance against any negative effects.

“In solidarity with the people of Taiwan, we commend their courage and unwavering commitment to upholding democracy on the front line,” the statement said.

In Taipei, the Ministry of Foreign Affairs yesterday thanked the club for supporting the nation with concrete actions, adding that “democratic Taiwan is not afraid of suppression.”

In other news, US Secretary of State Antony Blinken on Tuesday told CNBC that China’s increasingly aggressive strategy to suppress Taiwan in the past few years is against its own interests.

Blinken reiterated the importance of maintaining cross-strait peace and stability.

Beijing’s attempts to exert economic, military and diplomatic pressure on Taiwan have “actually been totally counterproductive to their interests,” Blinken told CNBC’s Squawk on the Street program in Davos, Switzerland, during a trip to attend the World Economic Forum.

Through Saturday’s elections, Taiwan has set a “great example” of a robust democracy “not just for the region, but for the entire world,” he said.

After his congratulatory statement to Lai was met with strong criticism from China, Blinken “made very clear” to a senior Chinese official in Washington that the US has long maintained its “one China” policy and is “standing resolutely for maintaining the status quo,” he said.

“China has to make decisions about what it will do and what it won’t do,” he added.

The US and its allies around the world have been pursuing clear objectives of the situation across the Taiwan Strait — maintaining peace and stability, opposing changes to the “status quo” and calling for the peaceful resolution of any dispute, he said.

“There’s a reason that that matters,” namely that 50 percent of the world’s commerce passes through the Taiwan Strait every day and “the semiconductors made in Taiwan are powering the world in every conceivable way,” he said.

Any disruption to this would have “repercussions for everyone around the world,” he said.

Blinken said that he is “not going to speculate” about whether China would pursue a takeover of Taiwan, adding that the US has been clear with both sides across the strait that “maintaining peace and stability” is its priority.

Although he might not meet with the Chinese delegation in Davos, Blinken said that the US and China have “ongoing, high-level communication” following the positive outcome achieved by the meeting of their presidents in San Francisco in November last year.

The US is to keep up with the efforts to avoid miscalculations and miscommunication, he added.


Source: Taipei Times - 2024/01/18



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Newsflash

The odds of President Ma Ying-jeou (馬英九) being re-elected in 2012 yesterday fell below 50 percent for the first time since May, according to a university prediction market.

Prediction markets are speculative exchanges, with the value of an asset meant to reflect the likelihood of a future event.

On a scale from NT$0 to NT$100, the probability of Ma winning a re-election bid was, according to bidders, NT$48.40, the Center for Prediction Market at National Chengchi University said.

The center has market predictions on topics including politics, the economy, international affairs, sports and entertainment. Members can tender virtual bids on the events, with the bidding price meant to reflect probability.

The re-election market had attracted 860,000 trading entries as of yesterday. It was launched in April.

The center said the figure slipped 2.3 percentage points yesterday from a day earlier, when Ma conceded that his party did not fare as well as hoped in the “three-in-one” elections.

The Chinese Nationalist Party (KMT) won 12 of Saturday’s 17 mayor and commissioner elections, but its total percentage of votes fell 2 percentage points from 2005 to 47.88 percent of votes nationwide.

The Democratic Progressive Party (DPP) won just four of the races, but received 45.32 percent of the ballots, or a 7.2 percentage-point increase from 2005.

Since the center opened the trading on Ma’s re-election chances on April 11, prices have largely hovered around NT$60, but jumped to NT$70 in mid-June. The figure then fell to NT$51.80 in August after Typhoon Morakot lashed Taiwan, killing hundreds.

After then-premier Liu Chao-shiuan (劉兆玄) resigned in September, the price returned to NT$63.2 and remained at around NT$60 for the following two months, the center said.

Since Ma took over as KMT chairman, the center said the number had steadily declined from NT$58 on Nov. 18 to NT$50.80 on Dec. 5. After Saturday’s elections, the figure fell below NT$50.

The center said the outcome yesterday would likely affect next year’s elections for the five special municipalities, as well as the next presidential election.

It also said the probability of Taipei Mayor Hau Lung-bin (郝龍斌) winning re-election was 72 percent, while the chances of Taipei County Commissioner Chou Hsi-wei (周錫瑋) winning again were 20 percent.

Source: Taipei Times 2009/12/07