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    A bipartisan group of House lawmakers arrived in Taiwan on Thursday, marking the second time in as many weeks that a congressional delegation traveled to the island nation. The delegation of lawmakers on this trip, set to depart on Friday, includes Reps. Mark Takano, Colin Allred, Elissa Slotkin, Sara Jacobs, and Nancy Mace. Taiwan, also known as the Republic of China, claims independence from China despite mainland insistence that it’s a territory under its jurisdiction. Taiwan has become one of the biggest issues straining U.S.-Chinese relations. MISSILE TESTS BY RUSSIA AND CHINA SHOULD BE 'WAKE-UP CALL' FOR BIDEN, EXPERTS SAY The lawmakers met with Taiwan President Tsai Ing-wen, who said of the meeting, "Taiwan will continue to step up cooperation with the United States in order to uphold our shared values of freedom and democracy and to ensure peace and stability in the region,"NPR reported. Slotkin said her office “received a blunt message from the Chinese Embassy, telling me to call off the trip,” when news of their latest stop on the trip to Asia was revealed publicly. “But...
    President BidenJoe BidenBiden announces nominations for Arts and Humanities endowments Biden and Xi agree to abide by Taiwan agreement On The Money — Presented by NRHC — Democrats cross the debt ceiling Rubicon MORE and China’s President Xi Jinping will hold a virtual summit by the end of this year, marking the first time the leaders will hold a formal meeting since Biden was elected, The New York Times reported. The development followed National Security Adviser Jake SullivanJake SullivanBiden and Xi agree to abide by Taiwan agreement Overnight Defense & National Security — US attempts to mend ties with France Biden national security adviser to meet China's top diplomat MORE meeting with China’s top diplomat Yang Jiechi for six hours in Zurich, Switzerland on Wednesday. Speaking to reporters on Wednesday, White House press secretary Jen PsakiJen PsakiBiden indicates he would sign reconciliation bill with Hyde amendment Biden national security adviser to meet China's top diplomat Biden slips further back to failed China policies MORE said the White House did not have further details on when the summit would take place or what...
    Debt ceiling: The US is heading for a cliff -- and taking the world with it China: Big spender or loan shark? TAIPEI (Reuters) - Taiwan's economy is likely to grow more than 6% this year, Finance Minister Su Jain-rong said on Wednesday, offering a forecast slightly more optimistic than the central bank's outlook last week. © Reuters/ANN WANG A high rise building under construction is seen in Taipei Su made the comment while taking lawmaker questions in parliament. Last week, the central bank had revised up the island's annual growth outlook as strong exports bolstered a trade-reliant economy that has boomed even in the face of local COVID-19 cases, which are now well under control. The central bank raised its 2021 estimate for gross domestic product (GDP) growth to 5.75% from the 5.08% forecast in June. Growth hit 3.11% in 2020, after expanding 2.71% in 2019. Taiwan's GDP expanded by 7.43% in the second quarter of 2021, down from 8.92% in the first quarter, pulled lower by a partial lockdown to prevent domestic COVID-19 infections from spreading. ...
    When Antony Blinken, US Secretary of State, rejected parallels between the chaotic scenes in Kabul at the weekend and the fall of Saigon, there were millions who would beg to differ. The sight of the helicopter on top of the US embassy in the Afghan capital airlifting officials out and scenes of desperate Afghan civilians clinging to military aircraft before falling to their deaths were all too redolent of that humiliating departure from South Vietnam in 1975. US domestic support for the occupation had evaporated. Which is why, after spending well over $1trillion and seeing 2,400 killed and 20,000 wounded over two decades, the US was determined to bring their troops home. The UK too, with more than 450 dead and 2,600 injured, had already pared their forces back, along with the rest of Nato. So the issue was not whether a withdrawal would take place but when and, vitally, how. Instead of an well-planned withdrawal, this looks like a defeat. The sight of the helicopter on top of the US embassy in the Afghan capital airlifting officials out...
    In this article SMHVIDEO3:2103:21One semiconductor stock could make or break the chipmaker rally, strategist saysTrading NationSemiconductor stocks sat out the tech rally this week, and one strategist said a single chipmaker could point to their next move. "Right now, I'm worried about Taiwan Semiconductor, because it's one of the most, maybe the most, important semiconductor in the world," Matt Maley, chief market strategist at Miller Tabak, told CNBC's "Trading Nation" on Thursday. Taiwan Semi, which has a $565 billion market cap, is the largest name in the SMH semiconductor ETF. It generated nearly $48 billion in sales in fiscal 2020. "Even though Nvidia and some of these other stocks have acted very well and have the ETFs in the semiconductor space within 2% or 3% of their all-time highs, one of the most important names [Taiwan Semi] is down 15% to 17% from those highs, so I'm concerned about it. Is it telling us something that we don't see yet?" said Maley. Maley said the recent bounce in Taiwan Semi is a positive but he needs to see a move...
    Fox News host Dana Perino criticized former pro-wrestler John Cena for apologizing to China after referring to Taiwan as a country. Cena offered a video apology in Mandarin after learning that the Chinese government was not happy with his comments, and Perino argued on Tuesday’s broadcast of “The Five” that it was “pitiful.” (RELATED: Hollywood Superstar Apologizes To China For Calling Taiwan A Country. When Will This Pathetic Nonsense End?) WATCH: “Cena says he’s sorry about his mistake and that he really loves and respects China. So, Greg, did a wrestling star just get body-slammed by China?” co-host Juan Williams asked. “I think what Cena did was cowardly and despicable and if I ever see him face-to-face I will be sure to tell him the exact opposite,” Greg Gutfeld said. “It just shows you how in bed our corporate overlords are with the totality it totalitarian regime that they can get arguably the toughest actor in Hollywood to offer a groveling apology in Mandarin. The only upside to this is I don’t see Cena running around crapping on...
    Recent confrontational action by China toward regional rivals Taiwan and India are examples of the Communist regime in Beijing challenging the new American president, according to China expert Gordon Chang. Chang told "Your World" on Wednesday that President Xi Jinping is trying to size up how Joe Biden compares to his recent predecessors. The author of "The Coming Collapse of China" noted such militaristic exercises did not take place in 2017, when Donald Trump took office as president. GORDON CHANG: I think what they’re trying to do is find out how tough Biden is. These aerial exercises in Taiwan Saturday and Sunday are interpreted in the region as a challenge to Biden. Many people in the U.S. are saying the same thing.  CHINESE WARPLANES ENTER TAIWAN AIRSPACE DAYS AFTER BIDEN TAKES OFFICE China challenges new U.S. Presidents. They did that with George Bush and Barack Obama with military provocations that were dangerous. They didn’t do it with Donald Trump, because I think they were afraid of him.  We know from comments from members of the Chinese elite that they’re not afraid of Biden. This is a very dangerous time because you have leaders in China that are arrogant and they think...
    VIDEO7:3907:39Emerging markets 'really attractive' right now, $10.5B portfolio manager saysTrading Nation With U.S. markets at record highs, one top money manager is looking abroad for opportunity. Ben Kirby, co-portfolio manager of the $10.5 billion Thornburg Investment Income Builder Fund, told CNBC's "Trading Nation" in an email that the "stars are aligning" for emerging markets. "There's a lot of opportunity, a lot of risks, but I think emerging markets are really attractive right now," Kirby added in a "Trading Nation" segment Thursday. "Emerging market cycles tend to last several years. Emerging markets have underperformed for quite a few years until last quarter, and emerging markets outperformed in a bull market. That's interesting to us, so we think we're probably at the early innings of what could be a sustained period of emerging market outperformance." The EEM emerging markets ETF hit a multiyear high on Friday stretching back to 2007. The ETF has rallied 5% this year, exceeding the S&P 500's 2% gain. It has also outperformed the broader markets over the past three months. China, the largest emerging market, looks attractive...
    TAIPEI - Two U.S. warships sailed through the sensitive Taiwan Strait on Thursday, the U.S. Navy said, the second such mission this month and coming almost two weeks after a Chinese aircraft carrier group used the same waterway. China, which claims democratically run Taiwan as its own territory, has been angered by stepped-up U.S. support for the island, including arms sales and sailing warships through the Taiwan Strait, further souring Beijing-Washington relations. The U.S. Navy said the guided missile destroyers USS John S. McCain and USS Curtis Wilbur had "conducted a routine Taiwan Strait transit Dec. 31 in accordance with international law." "The ships' transit through the Taiwan Strait demonstrates the U.S. commitment to a free and open Indo-Pacific. The United States military will continue to fly, sail and operate wherever international law allows." This is the 13th sailing through the strait by the U.S. Navy this year. Taiwan's Defense Ministry said the ships had sailed in a northerly direction through the strait on what it termed an "ordinary mission." Taiwan's armed forces monitored the sailing and the situation...
    TAIPEI (Reuters) - Two U.S. warships sailed through the sensitive Taiwan Strait on Thursday, the U.S. Navy said, the second such mission this month and coming almost two weeks after a Chinese aircraft carrier group used the same waterway. China, which claims democratically run Taiwan as its own territory, has been angered by stepped-up U.S. support for the island, including arms sales and sailing warships through the Taiwan Strait, further souring Beijing-Washington relations. The U.S. Navy said the guided missile destroyers USS John S. McCain and USS Curtis Wilbur had "conducted a routine Taiwan Strait transit Dec. 31 in accordance with international law." "The ships' transit through the Taiwan Strait demonstrates the U.S. commitment to a free and open Indo-Pacific. The United States military will continue to fly, sail and operate wherever international law allows." This is the 13th sailing through the strait by the U.S. Navy this year. China's Defence Ministry issued no immediate response. China's military said it had tailed the last U.S. warship to pass through the Taiwan Strait on Dec. 19, and denounced the mission. The...
    New York Yankee News: Yankee’s budding star Herrera to play this year in Taiwan By: William Parlee December 28, 2020 ShareTweetFlipRedditLast season the New York Yankees signed Rosell Herrera before the start of spring training. In the first 2020 spring training, he did nothing but impress, becoming the spring training star. The infielder-outfielder has signed with the Wei Chuan Dragons of the four-team Chinese Professional Baseball League, CPBL Stats announced on Twitter. Herrera became an immediate star when he began opening eyes on March 1 while going 3-for-3 with a double facing the Tigers in Lakeland, Fla. In his next game, he did so again, a 2-for-4 showing on March 5, also in Lakeland versus Detroit. He ended spring training hitting .400. Every time he was allowed to come to bat, he would bat for contact and power. However, his fantastic start with the New York Yankees came to a halt when he developed foot issues. With no minor league season, Herrera had no place to play when he had healed....
    TAIPEI (Reuters) - Taiwan has spent almost $900 million this year on scrambling its air force against Chinese incursions, the island's defence minister said on Wednesday, describing the pressure they are facing as "great". China, which claims democratic Taiwan as its own territory, has stepped up its military activity near the island, responding to what China calls "collusion" between Taiwan and the United States. China has been angered at increased U.S. support for Taiwan, including visits by senior U.S. government officials and ramped up arms sales. In the past few weeks, Chinese fighter jets have crossed the mid line of the Taiwan Strait, which normally serves as an unofficial buffer zone, and flown multiple missions into Taiwan's southwestern air defence identification zone. Speaking at parliament, Taiwan Defence Minister Yen De-fa said to the air force had scrambled 2,972 times against Chinese aircraft this year at a cost of T$25.5 billion ($886.49 million). "Recently the pressure has been great. To say otherwise would be deceiving people," Yen said, without giving a comparison figure for last year. He clarified that a figure...
    (CNN)It was pitched as a rare repatriation flight to bring people stranded in China back to their Pacific Island home which has yet to report a single coronavirus case. But of the 104 people on board the chartered Solomon Airlines flight from the southern Chinese city Guangzhou on September 2, only 21 were from the Solomon Islands.The rest were Chinese nationals, according to a report by Radio New Zealand which cited the passenger list.In the days before the flight landed in the country's humid capital, Honiara, local politicians and non-governmental bodies urged the Solomon Islands' Prime Minister to call it off. Despite China reporting just a handful of new coronavirus cases each day for the past few months, to some, the risk was too great. The Solomon Islands' borders have been almost entirely sealed for months. This flight, they worried, could bring the first reported case of Covid-19 into the country of almost 700,000, and wreak devastation on its poor health system. Read MoreBut the government didn't listen. For Daniel Suidani, the premier of the country's most populous province, Malaita,...
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