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17 Feb, 5 tweets, 1 min read
Interesting that Biden, unprompted, decided to frame Xinjiang, HK, and TW through the same lens of China trying to maintain Chinese unity, and also only criticized the use of force by China while implying the 1 China policy is valuable. That's gotta hurt for the DPP
This aligns with what I've heard, that the DPP trying to yank the world's chain with a chip shortage has not gone down well with Team Biden
Specifically Biden now views the DPP as a net detractor from Biden's initial goal of fixing transatlantic relations
This is pretty much as good as it gets in terms of a US president's public statements on China, so hats off to Yang Jiechi and @AmbCuiTiankai for teeing up what seems like a good Xi-Biden call (which drove these statements)
Now the hard work begins of curtailing the influence of those in the US and Japan who want creeping normalization of TW independence and a second Cold War

/end

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More from @TheDailyMao

The Daily Mao Profile picture
18 Feb
Imagine being Angela Merkel and being told Taiwan island wants a contract between a German company and a Chinese company invalidated, or else it will blockade unrelated German companies of chips and place the global recovery from the COVID recession at risk
Imagine then being told Tsai is doing this purely for PR reasons so she doesn't have to be seen acknowledging Greater China includes Taiwan
And on top of all this, being told that this is how Taiwan is repaying the EU for stopping EUVL deliveries to TSMC's main competitor, SMIC
Read 4 tweets
The Daily Mao Profile picture
18 Feb
1/ Watch as a purported "journalist" covering East Asia and VP of the Taiwan Foreign Correspondent's Club commits journalistic malpractice on his TL ImageImage
2/ The article William links has the following block of text. William assumes that most of his audience can't read Chinese so he purposefully mistranslates the text to make China seem like a guilty party in blocking Taiwan's access to COVID vaccines Image
3/ The text states that Taiwan island's Ministry of Health and Welfare was directly attempting to purchase 5M COVID vaccine doses from BioNTech (和德国BioNTech公司直接洽购500万剂疫苗)... Image
Read 12 tweets
The Daily Mao Profile picture
16 Feb
1/ One of the contributing factors to Taiwan's seemingly nonsensical arms purchases and TSMCs ridiculously capex-heavy business model may be the island's need to have a structurally undervalued currency to balance out its life insurance and pension liabilities
2/ This is because, since 2010, pensions and life insurers on the island have piled into dollar assets without hedging their currency risk, which means if the NTD appreciates too much vs the dollar, they could become technically insolvent
3/ So to keep the NTD down, TW has accumulated forex reserves which are now equivalent to almost 80% of its GDP. This is not bad per se, but creates large potential losses for the central bank if the NTD appreciates and raises the risk of being branded a currency manipulator
Read 7 tweets
The Daily Mao Profile picture
12 Feb
Good intent, but any plan for "peacefully preserving Taiwan's autonomy" that leaves out the cessation of Huawei sanctions and artificial chip shortages - ie ending TWs undeclared economic war on the mainland - will not lead to peace across the straits
At the end of the day, mainland China cares very little about what new names the DPP chooses for a random memorial. It cares much much MUCH more about TW choking its electronics industry and lobbying for sanctions on its chip designers and fabs
TWs hypocritical and self-destructive calls for "shifting supply chains out of China" while making 27% of its GDP from exports to China has not gone unnoticed in Beijing. The new consensus in the PRC govt is that TW politics has become permanently irrational
Read 8 tweets
The Daily Mao Profile picture
10 Feb
1/ Getting a sense that the DPPs recent antics with TSMC are not being appreciated in the Biden admin, to say nothing of the EU
2/ The DPP is anxious because current trends that by 2025, China, the US, and/or Korea will be at or near parity with TSMC, and INDOPACOM will be unable to defend Taiwan even if it commits a sizeable % of its assets
3/ Which means if the DPP doesn't secure a hard security guarantee - something like a US tripwire on Taiwan in the next few years, they have no outs
Read 8 tweets
The Daily Mao Profile picture
9 Feb
This isn't good. Both China and the world benefit from the Chinese people having a global voice. Shutting off a channel - however imperfect - is counterproductive. Some of the discussions were finally improving as well, after the auntologist-led sessions of the past few days
What's more, encouraging mainlanders, HKers, and TWese to commingle and chat is the best way to heal the divides that feed political extremism on both sides of the strait.
It can create a lasting political consensus for solving the cross-straits problem without firing a shot, as people discover the other side is not monsters drawn out of a nightmare but ordinary people whose dreams are similar to their own.
Read 4 tweets

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