Latest news with #SubdueDemonsandVanquishEvils'
South China Morning Post
09-04-2025
- Business
- South China Morning Post
Chinese defence stocks in play as Trump's tariffs erase DeepSeek-fuelled gains
Investors are taking cover in Chinese military stocks amid heightened tension between Beijing and Washington in the wake of the tit-for-tat trade war, as gains spurred by the DeepSeek trade have almost fizzled out. Advertisement Defence-equipment companies trading in Hong Kong and on the mainland are the latest hedge against the turbulence triggered by US President Donald Trump's so-called reciprocal tariffs. Among them, CSSC Offshore & Marine Engineering surged 15 per cent to HK$9.52 in Hong Kong on Wednesday, extending an 8.3 per cent surge a day earlier, while AviChina Industry & Technology gained 6.4 per cent to HK$3.32. In Shenzhen, China Harzone Industry jumped 20 per cent to 8.28 yuan and Xian Triangle Defense advanced 11 per cent to 23.86 yuan. The resilience is in contrast to broader market volatility as the world's two largest economies show no signs of backing down from the latest tariff showdown. The Hang Seng Index briefly entered a bear market on Wednesday after a 20 per cent decline from a March high, reversing the gains in Chinese tech stocks sparked by the emergence of DeepSeek. 'The military industry is providing stability against the backdrop of turbulence in global markets,' said Shi Kang, an analyst at Industrial Securities. 'As global trade and the geopolitical landscape worsen, demand for weapons procurement will rise significantly.' A screenshot taken from a video titled 'Subdue Demons and Vanquish Evils' was released by the Eastern Theatre Command of the People's Liberation Army on April 1. Photo: Eastern Theatre Command Defence stocks tend to historically outperform in times of turmoil, as seen during the US-China trade war during Trump's first term in 2018 and the Covid-19 pandemic in 2020, according to the brokerage.
Yahoo
01-04-2025
- Politics
- Yahoo
China holds military drills around Taiwan, calling its president a ‘parasite'
HONG KONG — The Chinese military conducted large-scale drills around Taiwan on Tuesday in what it said was a 'stern warning' to pro-independence forces on the Beijing-claimed island, as it called Taiwan's president a 'parasite.' The Taiwan government condemned the exercises, in which Chinese army, navy, air and rocket forces closed in on waters to the north, south and east of Taiwan, according to China's People's Liberation Army (PLA). No live fire has been reported. Tensions have been heightened since last month, when Taiwan President Lai Ching-te described China as a 'foreign hostile force' and proposed 17 measures to counter threats from Beijing, which has not ruled out the use of force to achieve its unification goal. Beijing has rebuffed offers of talks from Lai, who says only the island's 23 million people can decide their future. The Chinese drills were accompanied by the release of multiple propaganda images and videos. One cartoon video titled 'Shell' depicts Lai, whom Beijing calls a 'separatist' and 'troublemaker,' as a 'parasite' held by a pair of chopsticks over a Taiwan on fire. 'Parasite poisoning Taiwan Island. Parasite hollowing island out. Parasite courting ultimate destruction,' text in the video reads. A poster titled 'Closing In' shows Chinese ships and aircraft surrounding Taiwan, while a video called 'Subdue Demons and Vanquish Evils' features the monkey king from the Chinese epic 'Journey to the West.' China's Taiwan Affairs Office called the military drills a 'resolute punishment for the reckless provocations' of the Lai administration. 'Pursuing 'Taiwan independence' means pushing the people of Taiwan into a dangerous situation of war,' spokesperson Zhu Fenglian said at a briefing in Beijing on Tuesday. 'We will not allow any person or force to separate Taiwan from China.' A spokesperson for the PLA's Eastern Theater Command called the exercises a 'legitimate and necessary' action to safeguard China's sovereignty. 'These drills mainly focus on sea-air combat-readiness patrols, joint seizure of comprehensive superiority, assault on maritime and ground targets, and blockade on key areas and sea lanes,' the spokesperson, Shi Yi, said in a statement Tuesday. Taiwan's Ministry of National Defense said 19 Chinese navy ships were detected around Taiwan in the 24 hours to 6 a.m. Tuesday local time (6 p.m. Monday ET), adding that it has been tracking China's first domestically built Shandong aircraft carrier since Saturday. 'We strongly condemn the PRC's irrational provocations,' it said in a statement Tuesday, referring to China's official name, the People's Republic of China. 'We firmly oppose PLA's actions that undermine regional peace.' Taiwan's military has activated aircraft, navy ships and land-based missile systems in response to the Chinese drills, the ministry added. The drills on Tuesday were higher-profile than the three China has held around Taiwan since President Donald Trump was elected in November. They also did not carry the same 'Joint Sword' code name as exercises of similar scale last October and May, which experts said suggests the Chinese military is normalizing such drills around Taiwan. Beijing 'very obviously' deployed more troops than in earlier joint air and maritime combat-readiness patrols, said Ying-Yu Lin, assistant professor at the Graduate Institute of International Affairs and Strategic Studies at Tamkang University in New Taipei City. The exercises were intended to 'test the U.S. bottom line' on Taiwan before a potential meeting between Trump and Chinese President Xi Jinping, Lin told NBC News in a phone interview Tuesday. Though the U.S. has no official ties with Taiwan, a self-governing democracy, it is the island's most important international backer and is bound by law to provide it with defensive weapons. The exercises took place two days after Pete Hegseth concluded his first trip to Asia as defense secretary. During his visit to U.S. allies the Philippines and Japan, Hegseth criticized China's growing aggression in the region and called Japan an 'indispensable partner' in deterring it. Taiwan Defense Minister Wellington Koo said Tuesday that Beijing was an 'obvious troublemaker' disrupting peace and stability in the Taiwan Strait, and that the 'parasite' rhetoric fully demonstrated Beijing's provocation. He told reporters the Chinese military should focus on tackling internal corruption rather than holding drills in the region. Last year, Beijing fired two former defense ministers amid an anti-corruption campaign in its military. Taiwan's Mainland Affairs Council condemned the Chinese drills, urging Beijing to 'immediately cease irrational provocative actions.' China's 'militaristic provocations not only escalate tensions in the Taiwan Strait but also severely undermine regional peace and stability and threaten global security,' it said in a statement Tuesday. Though Taiwanese authorities view Beijing as a serious threat, most people on the island believe China is 'unlikely or very unlikely' to invade in the next five years, according to a poll released last year by Taiwan's top military think tank. This article was originally published on
NBC News
01-04-2025
- Politics
- NBC News
China holds military drills around Taiwan, calling its president a ‘parasite'
HONG KONG — The Chinese military conducted large-scale drills around Taiwan on Tuesday in what it said was a 'stern warning' to pro-independence forces on the Beijing-claimed island, as it called Taiwan's president a 'parasite.' The Taiwan government condemned the exercises, in which Chinese army, navy, air and rocket forces closed in on Taiwan from multiple directions, according to China's People's Liberation Army (PLA). No live fire has been reported. Tensions have been heightened since last month, when Taiwan President Lai Ching-te described China as a 'foreign hostile force' and proposed 17 measures to counter threats from Beijing, which has not ruled out the use of force to achieve its unification goal. Beijing has rebuffed offers of talks from Lai, who says only the island's 23 million people can decide their future. The Chinese drills were accompanied by the release of multiple propaganda images and videos. One cartoon video titled 'Shell' depicts Lai, whom Beijing calls a 'separatist' and 'troublemaker,' as a 'parasite' held by a pair of chopsticks over a Taiwan on fire. 'Parasite poisoning Taiwan Island. Parasite hollowing island out. Parasite courting ultimate destruction,' text in the video reads. A poster titled 'Closing In' shows Chinese ships and aircraft surrounding Taiwan, while a video called 'Subdue Demons and Vanquish Evils' features the monkey king from the Chinese epic 'Journey to the West.' China's Taiwan Affairs Office called the military drills a 'resolute punishment for the reckless provocations' of the Lai administration. 'Pursuing 'Taiwan independence' means pushing the people of Taiwan into a dangerous situation of war,' spokesperson Zhu Fenglian said at a briefing in Beijing on Tuesday. 'We will not allow any person or force to separate Taiwan from China.' A spokesperson for the PLA's Eastern Theater Command called the exercises a 'legitimate and necessary' action to safeguard China's sovereignty. 'These drills mainly focus on sea-air combat-readiness patrols, joint seizure of comprehensive superiority, assault on maritime and ground targets, and blockade on key areas and sea lanes,' the spokesperson, Shi Yi, said in a statement Tuesday. Taiwan's Ministry of National Defense said 19 Chinese navy ships were detected around Taiwan in the 24 hours to 6 a.m. Tuesday local time (6 p.m. Monday ET), adding that it has been tracking China's first domestically built Shandong aircraft carrier since Saturday. 'We strongly condemn the PRC's irrational provocations,' it said in a statement Tuesday, referring to China's official name, the People's Republic of China. 'We firmly oppose PLA's actions that undermine regional peace.' Taiwan's military has activated aircraft, navy ships and land-based missile systems in response to the Chinese drills, the ministry added. Experts say the drills are also meant to send a message to President Donald Trump amid concerns in Beijing that the United States may increase security aid to Taiwan. Though the U.S. has no official ties with Taiwan, a self-governing democracy, it is the island's most important international backer and is bound by law to provide it with defensive weapons. The exercises took place two days after Pete Hegseth concluded his first trip to Asia as defense secretary. During his visit to U.S. allies the Philippines and Japan, Hegseth criticized China's growing aggression in the region and called Japan an 'indispensable partner' in deterring it. Taiwan Defense Minister Wellington Koo said Tuesday that Beijing was an 'obvious troublemaker' disrupting peace and stability in the Taiwan Strait, and that the 'parasite' rhetoric fully demonstrated Beijing's provocation. He told reporters the Chinese military should focus on tackling internal corruption rather than holding drills in the region. Last year, Beijing fired two former defense ministers amid an anti-corruption campaign in its military. Taiwan's Mainland Affairs Council condemned the Chinese drills, urging Beijing to 'immediately cease irrational provocative actions.' China's 'militaristic provocations not only escalate tensions in the Taiwan Strait but also severely undermine regional peace and stability and threaten global security,' it said in a statement Tuesday. China is 'unlikely or very unlikely' to invade in the next five years, according to a poll released last year by Taiwan's top military think tank.
