
Taiwan says 'willing' to talk to China as island boosts defences
TAIWAN - Taiwan is prepared to talk to China as equals but will continue to build up its defences, the island's President Lai Ching-te said Tuesday as he marked his first year in office.
Lai, a staunch defender of Taiwan's sovereignty and detested by Beijing, delivered remarks on the need "to prepare for war to avoid war" and also bolster the island's economic resilience.
After promising to stand up to China and defend democracy at his inauguration, Lai insisted Taiwan was "willing" to communicate with Beijing if there was "parity and dignity".
China said on Tuesday it was "willing to engage in dialogue" with Taiwan but on condition.
Chen Binhua, a spokesperson for Beijing's Taiwan Affairs Office, also slammed Lai's "separatist position" that promoted "economic decoupling" across the Taiwan Strait, according to CCTV.
Lai called peace "priceless" in his speech but added "we cannot have illusions" and vowed to continue strengthening defence.
Taiwan will "actively cooperate with international allies, shoulder to shoulder to exert the power of deterrence, to prepare for war to avoid war, and to achieve the goal of peace," Lai told journalists.
China, which claims Taiwan is part of its territory and has threatened to use force to annex it, has held several rounds of large-scale military drills around the island since Lai took office.
Taiwan's coast guard warned Monday that China may use "cognitive warfare" to "disrupt public morale" around Lai's anniversary.
Shortly before Lai's remarks, Taiwanese coast guard personnel arrested two Chinese nationals "attempting to sneak onto" an island in the Taiwan-administered Kinmen archipelago, several kilometres off China's mainland.
As Taiwan comes under pressure from Washington to move more factories to US soil and reduce their trade imbalance, Lai said Taiwan would not "put all our eggs in one basket".
Taiwan would increase its economic resilience by diversifying markets and boosting domestic demand.
Lai also announced plans to set up a sovereign wealth fund to "boost Taiwan's economic momentum", but did not provide details about its size.
The president has seen his first term in the top job engulfed in domestic political turmoil as opposition parties, which control the parliament, seek to stymie his agenda.
- Falling approval rating -
The main opposition Kuomintang party (KMT) has called Lai a "dictator" and accused him of pushing Taiwan closer to war with China, while Lai's Democratic Progressive Party (DPP) suggests the KMT is a tool of Beijing.
On Tuesday, Lai said the government wanted to "strengthen cooperation among political parties" and that his national security team would start providing "important" briefings to the opposition.
The KMT said the island's challenges "cannot be solved after holding one briefing", but acknowledged Lai had "finally tried to take a small step" towards resolving frictions.
"We also hope that President Lai will have more courage and take a big step to stop judicial persecution and political hatred," KMT said in a statement.
Analysts said Lai's remarks were more restrained than in previous speeches, which have drawn criticism from Beijing.
"Lai is dialling down the messaging and keeping Taiwan's head low to avoid getting into anybody's crosshairs amid this geopolitical uncertainty," Wen-Ti Sung, a nonresident fellow at the Atlantic Council's Global China Hub, told AFP.
Lai has seen his approval rating fall to 45.9 percent from 58 percent nearly a year ago, according to a survey by Taiwanese Public Opinion Foundation in April.
His disapproval rating rose to 45.7 percent -- the highest since he took office -- which the polling group linked to the Lai government's handling of US tariffs on Taiwan and the DPP's unprecedented recall campaign targeting the opposition.
DPP supporters are seeking to unseat around 30 KMT lawmakers through a legal process that allows legislators to be removed before the end of their term.
The DPP only needs to win six seats to wrest back control of parliament.
A rival campaign to unseat 15 DPP members has been embroiled in controversy after KMT staffers were accused of forging the signatures of dead people.
By Amber Wang And Joy Chiang
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


eNCA
16 hours ago
- eNCA
Stocks climb on reassuring jobs data, US-China trade optimism
NEW YORK - Major stock indexes pushed higher on Friday as data showed the US labour market is resilient despite uncertainty over President Donald Trump's tariffs, while upcoming US-China talks added to hopes of easing trade tensions. Tesla stocks regained some ground after plunging on Thursday following a stunning public row between the company's billionaire boss Elon Musk and Trump. A below-par reading on private hiring this week raised worries about the labour market and the outlook for the US economy ahead of a Labor Department jobs report, a key piece of data used by the Federal Reserve as it decides whether to adjust interest rates. But the report showed hiring in the world's largest economy came in at 139,000 last month, above market expectations. The figure indicates that the US employment market is relatively healthy despite the jolts to financial markets, supply chains and consumer sentiment this year as Trump announced successive waves of tariffs. Wall Street mounted a strong comeback, and Paris and London stocks closed higher. Frankfurt was near-flat after sentiment was knocked by the Bundesbank warning Germany could face two more years of recession if a trade war with the United States escalates sharply. For now, however, the eurozone economy is showing signs of resilience, with official data Friday indicating it expanded at a significantly faster pace than previously estimated in the first three months of the year. The EU's data agency said the 20-country single currency area recorded growth of 0.6 percent over the January-March period from the previous quarter, up from the 0.3-percent figure published last month. Equity markets were also buoyed as Trump announced US officials would meet a Chinese team in London on Monday to discuss a "trade deal" on both sides.


The Citizen
a day ago
- The Citizen
Trump confirms date of fresh round of trade talks with China
This is the second time Washington and Beijing will meet, after the first meeting in Geneva in May. Chinese President Xi Jinping and US President Donald Trump. Picture: Tingshu Wang and Allison Robbert / AFP US President Donald Trump announced Friday a new round of trade talks with China in London next week, a day after calling Chinese counterpart Xi Jinping in a bid to end a bitter battle over tariffs. The talks in the British capital on Monday will mark the second round of such negotiations between the world's two biggest economies since Trump launched his trade war this year. 'The meeting should go very well,' said Trump in a post on his Truth Social platform. The president added that US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer would meet the Chinese team. Background on trade conflict The first talks between Washington and Beijing since Trump slapped levies on allies and adversaries alike took place in Geneva last month. ALSO READ: Trump says deal with Xi 'extremely hard' as steel tariffs double While Trump had imposed a sweeping 10 percent duty on imports from most trading partners, rates on Chinese goods rocketed as both countries engaged in an escalating tariffs battle. Temporary tariff relief and renewed friction In April, additional US tariffs on many Chinese products hit 145 percent while China hit back with countermeasures of 125 percent. Following the talks last month, both sides agreed to temporarily bring down the levels, with US tariffs cooling to 30 percent and China's levies at 10 percent. But this temporary halt is expected to expire in early August and Trump last week accused China of violating the pact, underscoring deeper differences on both sides. Strategic concerns and uncertain outcomes US officials have accused China of slow-walking export approvals of critical minerals and rare earth magnets, a key issue behind Trump's recent remarks. While Trump's long-awaited phone call with Xi this week likely paved the way for further high-level trade talks, a swift resolution to the tariffs impasse remains uncertain. NOW READ: Trump enjoys temporary win as court preserves tariffs


The South African
a day ago
- The South African
These surprising cities saw the biggest increase in millionaires
While American cities like New York or the Bay Area still boast the most dollar millionaires in real numbers, a few destinations have emerged as new hubs for the wealthy. These cities have seen the biggest increase in dollar millionaires over the past decade. They're mostly fast-growing centres of technology and innovation. Meanwhile, a few also offer tax incentives to attract the wealthy. That's according to the World's Wealthiest Cities Report 2025, which is published by Henley & Partners, a firm that advises the wealthy on where to move to look after their assets. Between 2014 and 2024, Shenzhen saw a 142% increase in dollar millionaires. The Chinese city is a major technology hub, with companies like Huawei and Tencent based there. Once a rustic fishing village, Shenzhen is now the fastest-growing destination for dollar millionaires. The technology scene continues to attract entrepreneurs and financiers. Most South Africans may not hear much about Scottsdale, but tech entrepreneurs and those with six-figure account balances will know all about it. The American city's millionaire population grew by 125% over the past decade. Like Shenzhen, Scottsdale's attraction is its booming tech industry. It also offers a luxurious lifestyle, especially in golf estates, and favourable state tax conditions. It could be a surprise, but this Indian city is popular with the very wealthy. Bengaluru, also known as Bangalore, saw a 120% increase in dollar millionaires. That took place in just ten years, between 2014 and 2024. The city's flourishing tech industry, affordable living costs, and growing infrastructure have made it a hotspot for the wealthy. Over the past decade, West Palm Beach gained 112% more dollar millionaires. This American city offers the wealthy a laid-back lifestyle, thanks to its coastal location. Because the state of Florida has low taxes, businesspeople and rich professionals also flock to West Palm Beach. 108% more millionaires now live in Hangzhou, compared to ten years ago. That growth coincided with the rise of tech companies in the city, including Alibaba. Hangzhou is a historic city with pretty scenery, making it even more attractive to the affluent. Let us know by leaving a comment below or send a WhatsApp to 060 011 0211. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X, and Bluesky for the latest news.