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Financial MOU to be inked soon: Wu

A memorandum of understanding (MOU) on financial supervisory cooperation between Taiwan and China could be signed next week at the earliest, Premier Wu Den-yih (吳敦義) said in an interview with the Central News Agency (CNA) yesterday.

Signing the MOU is a “necessity” for Taiwan and China because it would be beneficial to cross-strait cooperation in the financial sector, Wu said, adding that there was “no doubt about that.”

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China executes nine convicted over Xinjiang unrest

China said yesterday it had put to death nine people over deadly ethnic unrest in Xinjiang, the first executions since the violence erupted in July.

Authorities convicted 21 defendants last month — nine were sentenced to death, three were given the death penalty with a two-year reprieve, a sentence usually commuted to life in jail, and the rest were handed various prison terms.

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Newsflash

The world cannot afford to ignore Taiwan’s security and allowing the nation to succumb to China’s authoritarian rule would have global repercussions, former Australian prime minister Scott Morrison said yesterday.

“Taiwan matters to the world,” Morrison said in his keynote address at the Taipei Security Dialogue, adding that maintaining the “status quo” across the Taiwan Strait is essential to the “security, prosperity and sovereignty” of countries such as Australia, the US and Japan.

“If Taiwan were to be forcibly placed under the authoritarian rule of the CCP [Chinese Communist Party], there would not be a corner of the globe that would be unaffected,” said Morrison, who was prime minister from 2018 to 2022.