China’s market 結果共16筆

China’s TAO criticizes Taiwan’s DPP for hindering Chinese products, emphasizing the benefits of Chinese electric vehicles and drones. Amidst these tensions, a significant ancestral worship ceremony in Henan aims to foster a sense of unity and cultural heritage among Taiwanese and Chinese compatriots.

The Central Bank of the Republic of China’s Governor warns of excessive subscriptions for two new ETFs in Taiwan, prompting regulatory caution and policy measures from the Financial Supervisory Commission. Concerns over herding effects and risks in collective investments lead to calls for suppressive measures and improved disclosure standards. Stay updated on the evolving ETF investment fervor in Taiwan’s financial markets.

China criticizes US restrictions on car exports, citing national security concerns. US subjects Chinese internet-connected cars to security risk review, sparking backlash from China’s Ministry of Commerce. White House alleges data collection on US citizens, prompting investigation. President Biden calls potential influx of Chinese cars a national security risk. US considers import restrictions on Chinese vehicles, impacting connected and autonomous cars and parts. U.S. Secretary of Commerce warns of data collection by Chinese smart connected cars, likening them to ＂iPhones on wheels.＂

Formosa Plastics Corporation will invest NT＄318.03 million into Formosa Heavy Industries to expand its business operations. The corporation plans to spend NT＄59.58 million on two designation projects and two initiatives to upgrade manufacturing processes. The decision is a response to the impact of China’s ＂Refining-chemical integration＂ endeavor, which has caused a dip in demand for petrochemicals and plastics. By enhancing equipment, Formosa Plastics aims to increase carbon fiber and PVC production capabilities, anticipating a positive market boost. Despite reduced shipping days during the Lunar New Year, the company projects a seasonally high-demand period post-Lunar New Year. With lower inflation in Western countries and growing consumer confidence, the market is expected to warm up.

Kaohsiung Mayor Chen Chi-mai declares that Taiwan should not rely on China’s market, as it hampers Taiwan’s economy. He expresses regret that the Taiwan Semiconductor Manufacturing Company (TSMC) did not establish a factory in Taoyuan and that the Asia Silicon Valley Innovation and Development Center in Taoyuan has been halted. Chen highlights that TSMC’s 2-nanometer site in Kaohsiung is already operational. He points out that Kaohsiung’s 5G internet innovation park, modeled after Taoyuan’s success, is thriving, while Taoyuan’s center has been halted. Chen emphasizes Taiwan’s dominance in the global semiconductor industry, with TSMC controlling 92 percent of advanced manufacturing processes and 62 percent of global production value, and advocates for the development of Asia Silicon Valley as the correct path.

The Kuomintang (KMT) presidential candidate, Hou Yu-ih, listed the ten major policy failures of the ruling Democratic Progressive Party (DPP) during a livestream presidential debate. These failures include ineffective energy policies, food safety violations, deteriorated public security, debt burdening future generations, critical issues in people’s livelihoods, housing injustice, rising cross-strait military threats, plummeting wages, skyrocketing house prices, and ineffective pandemic responses. Hou elaborated on specific examples such as solar power corruption, tainted food black market dealings, overspending on ＂forward-looking＂ infrastructures, a lack of electricity and water, regulatory failure in the National Communications Commission (NCC), failed social housing policies, the threatening potential of military conflict, income inequality at a ten-year high, and around 20,000 deaths during the COVID-19 pandemic. Hou expressed regret over his opponent, DPP presidential candidate Lai Ching-te’s campaign methods, accusing him of slander and displaying incompetence and unscrupulousness. Hou confirmed his opposition to Taiwanese independence while claiming that Lai advocated for it. He also criticized former Taipei Mayor and current Taiwan People’s Party (TPP) presidential candidate Ko Wen-je for not responding to this issue. Hou emphasized his lifelong pledge to remain loyal to the Republic of China’s flag and safeguard Taiwan’s democratic freedom.

Taiwan’s GDP per capita has surpassed South Korea’s for the first time since 2003, reaching US＄32,625 in 2022 compared to South Korea’s US＄32,410, according to the Directorate General of Budget, Accounting and Statistics (DGBAS). This economic victory can be attributed to Taiwan’s higher growth rate in recent years and the greater depreciation of South Korea’s won. Taiwan had been trailing behind South Korea in terms of GDP per capita since 2003, but the gap between the two has been consistently shrinking. Additionally, in financial market news, Taiwan’s stock index has also advanced beyond Hong Kong’s for the first time in nearly 31 years, with the Taiwan Stock Exchange index closing at 17,370 points, outpacing the Hang Seng Index, which was weighed down by China’s low-earning equities and closed at 16,993.

The George Washington University Professor Robert Sutter argues that Taiwan’s elections have little impact on U.S. policy towards the island, but the upcoming U.S. presidential election in 2024 could be significant. Both political parties in the U.S. and Congress have prioritized defending American interests and countering China’s actions, with Taiwan playing an increasingly important role. Taiwan’s strategic position, high-tech development, democratic politics, and free market economy have influenced the international order and led to stronger U.S. support. Sutter predicts that if Lai Ching-te, the Democratic Progressive Party presidential candidate, wins the election, U.S.-Taiwan cooperation will further deepen. However, Sutter also suggests that the 2024 U.S. election, particularly if a candidate with an ＂America First＂ stance like Donald Trump prevails, could bring a shift in U.S. policy consistency towards Taiwan and pose challenges in countering China’s provocations.

DPP presidential candidate Lai Ching-te criticizes KMT rival Hou Yu-ih for advocating the employment of Chinese students in Taiwan, claiming it would take away job opportunities from Taiwanese youths. Lai expresses concerns about the impact of the Cross-Strait Service Trade Agreement (CSSTA) with China, stating that it allows Chinese nationals to compete with local vendors in the service industry. The crowd fears that increased competition from Chinese workers could harm their businesses and livelihoods. Lai emphasizes President Tsai Ing-wen’s efforts to reduce reliance on the Chinese market and highlights China’s high youth unemployment rate, cautioning that opening borders to students from China could worsen job scarcity for young people in Taiwan.

Taiwan’s Ministry of Labor has denied rumors of plans to introduce 100,000 Indian workers by the end of the year. Labor Minister Hsu Ming-chun clarified that the consideration of India as a new source of migrant labor is aimed at addressing domestic industry shortages and reducing reliance on traditional labor markets. Hsu emphasized that this approach has gained consensus among various sectors of society. Discussions are ongoing for the signing of a Memorandum of Understanding (MOU) with India, but no date has been determined yet. The number of workers to be recruited from India will be decided after evaluating the current condition and statistics of industries already permitted to employ foreign labor. The process will involve fixed quotas and a cautious, gradual opening. The primary aim of the plan is to diversify the countries from which Taiwan sources its labor force, with no specific issue concerning the number of workers from India. India would need to establish a talent database and provide language and skill training for potential migrant workers to meet the requirements. Taiwan is looking to expand its labor force to meet growing demand in key industries and maintain its competitive edge in the global market.

Nvidia’s President, Jensen Huang, stated at the New York Times’ DealBook Summit that achieving U.S. independence in the chip supply chain and reducing reliance on overseas manufacturing could take 10 to 20 years. President Joe Biden’s administration has imposed a ban on chip exports to China, citing national security concerns and the need to maintain the U.S.’s lead in the semiconductor industry. Nvidia, among other companies, is impacted by these export control measures, leading to concerns about negative impacts on the company’s revenue. However, Huang revealed that Nvidia is developing chips compliant with U.S. regulations for the Chinese market and plans to re-enter once they are ready. He also warned that the export ban could accelerate China’s domestic chip development, with numerous Chinese companies already working on competing technologies. Huang emphasized that Nvidia is already a decade ahead in artificial intelligence technology and that AI and deep learning innovation involve more than just designing new chips.

The story discusses the criticism of the revival of the Cross-Strait Service Trade Agreement (CSSTA) by Democratic Progressive Party (DPP) spokesperson Chang Chih-hao. Chang argues that the CSSTA, an outdated agreement from a decade ago, could harm Taiwan’s interests. This statement was in response to calls from Kuomintang (KMT) presidential candidate Hou Yu-ih and Taiwan People’s Party (TPP) candidate Ko Wen-je to reopen the service trade pact with China. Chang criticizes the China-centric economic and trade policies of former President Ma Ying-jeou, which he believes led to an unbalanced cross-strait economic environment. He highlights the negative impact the CSSTA could have on Taiwan’s industries, jobs, and salary levels. Chang also points out Taiwan’s recent economic achievements, such as the stock market’s performance, while noting China’s high youth unemployment rate. The DPP supports healthy and fair cross-strait exchanges but emphasizes the importance of avoiding political motives and unfair trade. Chang calls for a balanced approach to cross-strait economic and trade agreements and stresses the need for open communication with society when dealing with China’s economic coercion.

The campaign spokesperson for Democratic Progressive Party’s (DPP) presidential candidate Lai Ching-te, Chen Shih-kai, has called on Kuomintang (KMT) presidential candidate Hou Yu-ih to clarify his stance on allowing Chinese workers into Taiwan. Chen expressed concerns about the impact on the employment of Taiwan’s youth and requested an outline of supporting measures. This request for clarification follows Hou’s proposal to promote increased cross-strait exchanges, including opening up to Chinese tourists and students. Chen criticized Hou’s policy, suggesting it aimed to help alleviate China’s youth unemployment problems. He highlighted Taiwan’s strong economic abilities, contrasting it with Hong Kong’s declining stock market due to Chinese government control. Chen also criticized China’s lack of transparency regarding its economic downturn and high unemployment rate. He emphasized the importance of Taiwan’s economic development and integration with the global community, stating that the future direction of Taiwan depends on its leadership. These remarks reflect the DPP’s stance on maintaining a strong local economy and labor market while considering broader cross-strait policies and potential socioeconomic impacts.

The Ministry of Foreign Affairs (MOFA) spokesperson, Jeff Liu, urged Australian Prime Minister Anthony Albanese to oppose any changes to the status quo in the Taiwan Strait to China. Taiwan hopes that Australia will defend its shared interests and values with Taiwan while maintaining stable relations with China. This comes after Albanese’s meeting with Chinese President Xi Jinping, who claimed that China does not engage in exclusivist blocs or confrontational politics. MOFA disagreed with this statement, citing China’s behavior in the Taiwan Strait and the South China Sea. Liu emphasized the shared interests of Taiwan and Australia in upholding freedom, democracy, human rights, the rule of law, and ensuring peace and stability in the Taiwan Strait and the South China Sea. He also highlighted the common Trans-Pacific Partnership interests between the two nations. Liu further noted the steady development of relations between Taiwan and Australia, with Taiwan becoming Australia’s fifth-largest trading partner and fourth-largest export market, while Australia is Taiwan’s leading supplier of energy and mineral resources.

DPP presidential candidate Lai Ching-te has called on Mainland China to appreciate the contributions of Taiwanese business people to its economy. This appeal comes as Foxconn Group, a major Taiwanese tech firm, faces investigations by China’s tax and natural resources departments. Lai emphasized that Taiwanese business people are an important asset to China, fostering economic growth and creating opportunities. He urged China not to pressure Taiwanese business people during the upcoming election, warning that it would harm both sides and undermine confidence in the Chinese market. Lai also called on China to respect Taiwan’s democratic constitution and lifestyle and to accept that the civil war between the Kuomintang and the Communists is over. He encouraged China to engage in equitable and dignified dialogue exchange.

The shelves of Taiwan’s supermarkets are increasingly filled with Chinese-made beers, highlighting a stark disparity in the trade relationship between the beer industry on the two sides of the Taiwan Strait. As Taiwanese breweries face repeated bans on selling their products in China, they are now trying to establish alternative business partnerships.