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Deputy Foreign Minister François Chih-chung Wu says Taiwan is committed to building stable cooperation mechanisms with the international community. 70 percent of the world’s semiconductors and 95 percent of advanced chips are made in Taiwan. Beijing's attempts to seize Taiwan's core semiconductor technology indicate its intent to dominate international technology.
There is speculation about the impact of the war in Iran on China and the U.S. relations. Fu Yifu, senior researcher at Xingtu Finance, argues that the conflict in Iran has helped elevate China's financial assets to the status of safe-haven investments. Fu points out that China's one-off energy self-sufficiency rate is as high as 83.2%.
The regulation elevates safeguarding China’s industrial and supply chains to a national security issue. The new rules lay out the responsibilities of national and local authorities to ensure ‘stable, continuous’ production and flows of raw materials, technologies, equipment and products in key sectors.
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Anthony Albanese and Li Qiang discussed the importance of energy security on Tuesday. They agreed to increase government-to-government communication to support regional energy security. Iran and the US agreed on Wednesday morning to a two-week ceasefire and peace talks to start in Islamabad on Friday.
Cheng Li-wun, chairwoman of the Kuomintang (KMT) party, laid a wreath at Sun Yat-sen's mausoleum in Nanjing on Wednesday. She is the first KMT leader to visit China in a decade. Cheng hopes to meet Chinese President Xi Jinping.
Taiwanese exchange students had been taking courses at Kuwait University’s Language Center. The office arranged for them to leave the area due to the ongoing conflict in the region. Ken Hu, head of the Taipei Commercial Representative Office in the State of Kuwait, meets with them.
Fan's friend received a text message from the mainland Chinese tax authorities asking her to check if all her declared income, including income from abroad, was accurate. Beijing tightens tax enforcement on its citizens’ offshore assets. Authorities recovered 7.1 billion yuan (US$1 billion) from 4,223 "high-risk" individuals last year.