City Beijing, Taiwan Financial News

China’s Ministry of Commerce has announced sanctions against Boeing and two other defense companies for their arms sales to Taiwan

China has announced rare sanctions against two U.S. defense companies over what it calls their support for arms sales to Taiwan

Taiwan elections 2024: Lai Ching-te, candidate of the ruling Democratic Progressive Party's (DPP), won the Taiwan election held on Saturday, January 13. Both China and the United States reacted sharply to the latest polls as the DPP secured unprecedented third consecutive term in the nation. Taiwan's election took place at a time of growing geopolitical tensions between Beijing and Washington.

China said "reunification" with Taiwan remained "inevitable" after president-elect Lai Ching-te won Saturday's pivotal election on the self-ruled island that Beijing claims as its own. Lai, branded by China as a threat to peace, won an unprecedented third consecutive term for Taiwan's ruling Democratic Progressive Party (DPP) after he pitched himself as the defender of the island's democratic way of life.

Tata Motors expect record sales in 2024, and big cities are racing to adopt electric buses. Despite the subsidy row, India is expected to become one the world's largest EV markets. India’s biggest and increasingly most consequential neighbour, China will complete 75 years of rule by a one-party communist regime on 1 October.

Penny Wong said on Sunday that a security and migration pact signed with Tuvalu showed Australia was a «genuine, reliable» regional partner, as it seeks to counter China's influence in the Pacific. Australia announced on Friday the security guarantee to the tiny Pacific Islands nation to respond to military aggression, protect it from climate change and boost migration. Australia, a United States ally, has been working to shore up its Pacific standing amid a rising China, which recently upgraded a security pact with Solomon Islands. «It is about Australia saying to the region and to Tuvalu, we are a genuine, reliable partner and when we say we are part of the Pacific family, we mean it,» Wong told the Australian Broadcasting Corp, regarding the Tuvalu pact. Asked if it was linked to China's activity in the region, Wong said: «We recognise we live in a more contested region and we have to work harder to be a partner of choice, we know that». Under the treaty, announced in the Cook Islands by Australia's Prime Minister Anthony Albanese and his Tuvalu counterpart Kausea Natano, Australia will also vet Tuvalu's security arrangements with other nations. Albanese has called the pact Australia's most significant agreement with a Pacific Island nation, giving «a guarantee that upon a request from Tuvalu for any military assistance based upon security issues, Australia will be there.» Tuvalu, population around 11,000, is one of just 13 nations to maintain an official diplomatic relationship with Taiwan, as Beijing has made increasing Pacific inroads. A collection of nine low-lying islands mid-way between Australia and Hawaii, Tuvalu is one of the world's most at-risk countries from climate change and has long drawn

China on Wednesday urged Taiwanese firms operating in the country to show «responsibility», after Beijing launched a probe into tech giant Foxconn over tax and land irregularities. State media reported over the weekend that Foxconn — a Taiwanese firm that is one of the world's largest contract producers of electronics and a key supplier for Apple's iPhones — was under investigation.

By Kirsty Needham

William Lai for making stopovers in the United States calling him a «troublemaker», China’s Defence Minister Li Shangfu on Tuesday cautioned against “playing with fire” when it comes to Taiwan, Chinese Defence Ministry reported. In an apparent attack at the US, Li cautioned any attempts to “use Taiwan to contain China,” and said it would “surely end in failure,” China's defence Ministry said in a statement and Xinhua news Agency quoted.

President Joe Biden said Monday that the US would intervene militarily if China were to invade Taiwan, adding that the burden to protect Taiwan is "even stronger' following Russia's invasion of Ukraine.