Analysts estimate China’s outstanding government debts surpassed 123 trillion yuan ($18 trillion) last year, of which nearly $10 trillion is so-called “hidden debt” owed by risky local government financing platforms that are backed by cities or provinces. CNN Business
China’s government on Thursday accused Washington of jeopardizing peace after U.S. envoys began trade talks with Taiwan aimed at deepening relations with the self-ruled island democracy claimed by Beijing. AP
Chinese Premier Li Keqiang on Wednesday underlined the need to earnestly implement policies to stabilize the economy and support market entities, employment and people’s livelihoods. english.cctv.com
PERHAPS more than any other aspect of Communist China, the problem posed by its enormous population growth has begun to cause anxiety and concern to its neighbors in Southeast Asia. The Atlantic
Good thing then that Taiwan has huguo shenshan, or the “magic mountain that protects the nation”. The mountain is not a sophisticated defensive fortification, nor a treaty with a big power. It is instead what Taiwanese call their $147bn semiconductor industry, equivalent to 15% of gdp. It accounts for nearly 40% of its exports and is a pillar of the island’s economy. It is also a guarantor of its security. The Economist
The “magic mountain that protects the nation”. The mountain is not a sophisticated defensive fortification, nor a treaty with a big power. It is instead what Taiwanese call their $147bn semiconductor industry, equivalent to 15% of gdp. The Economist
Taiwan and the United States could begin talks to deepen trade and economic ties “in a few weeks,” two senior Taiwanese government officials told CNN on Friday.
The new discussions will “explore concrete ways to deepen the US-Taiwan trade and investment relationship,” the officials said, with the focus on institutionalizing cooperation in supply chain resilience, labor, environment and sustainable development. CNN
Taiwan lowered its GDP growth forecast for this year by 0.51 percentage points to 3.91% versus its previous forecast.
According to an official statement on Friday from the country’s budget directorate, inflation is expected to reach 2.67% on average this year, increasing by 0.74 percentage points. aa.com.tr
The Quad countries and others in Asia made clear over the last five days that while things like maritime defense are important, real security has to heed Asian countries’ economic wants and needs. CNBC