“#Taiwan on Thursday fined Foxconn T$10 million ($329,088) for making an unauthorised investment in a Chinese chip firm, but said the Taiwanese iPhone assembler had cooperated in the case and so received a lesser punishment.” news.yahoo.com/taiwan-fines-f…
Foxconn, a major Apple Inc supplier and the world's largest contract electronics maker, disclosed last July it was a shareholder in Chinese chip conglomerate Tsinghua Unigroup, but said last month it would be selling the stake.
Taiwan’s Economy Ministry said that while Foxconn had acquired the stake without prior approval and so was in breach of regulations, there was no concern about an "outflow of technology" and there was minimal impact on Taiwan's economy or industry.
"At the same time, it (Foxconn) fully cooperated during the investigation of this case," the ministry said in a statement, adding that over the past three years Foxconn has invested more than T$20.4 billion in Taiwan and created 7,943 jobs.
The ministry said Foxconn has committed to continue to invest in Taiwan this year and next and the ministry's Investment Commission will "require the company to implement its commitments".
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From @WSJ: "During the past decade, #China handed out a trillion dollars in international loans as part of Beijing’s Belt and Road initiative. Now, low-quality construction on some of the projects risks crippling key infrastructure and ...wsj.com/articles/china…
... saddling nations with even more costs for years to come as they try to remedy problems."
"Today, thousands of cracks have emerged in the $2.7 billion Coca Codo Sinclair hydroelectric plant, government engineers said, raising concerns that Ecuador’s biggest source of power could break down."
“The European Union does not see eye-to-eye with the United States when it comes to opposing #China, the French finance minister told CNBC Friday.” cnbc.com/2023/01/20/chi…
Speaking at a panel at the World Economic Forum in Davos, Switzerland, looking at the economic outlook, France’s Bruno Le Maire said: “China cannot be out, China must be in. This is the difference of view we have between the U.S. and Europe.”
“We don’t want to oppose China, we want to engage with China, we want China to obey by the same rules,” he said, “this is our policy.”
“Outdated, boring and impractical. That was the verdict of six young men who spoke to CNN about their recent experiences of mandatory service in #Taiwan's military. They say Taipei will need to do far more than that if it is to make the training effective.”amp.cnn.com/cnn/2023/01/20…
“They describe a process that was designed decades ago with a heavy emphasis on bayonet training, but lacking instruction in urban warfare strategies or modern weapons like drones.
Some say there were too few rifles to go around, or that the weapons they trained with were too old to be of use. Others recount "specializing" in cannon, grenade and mortar units, but never receiving any ammunition to train with.”
“Tens of thousands of Chinese students studying overseas on government-backed scholarships are required to sign a document pledging loyalty to the ruling Communist Party, ... rfa.org/english/news/c…
... as well as putting up guarantors who could be forced to repay their funding should they break the agreement, before arriving at overseas universities.”
“Sweden's Dagens Nyheter newspaper reported on Jan. 13 that 30 doctoral students arriving in the country had signed contracts pledging loyalty to their government while overseas, and requiring them to serve China's interests during their stay.
“A new report by an international human rights group estimates that more than 220,000 Tibetans over the age of 60 could die this year from COVID-19 in western #China’s Tibet Autonomous Region.” rfa.org/english/news/t…
International Campaign for Tibet based its projections on demographic data and health studies from Japan and Brazil as well as first-hand accounts from Tibetans who have reported on the number of bodies being taken to sky burial sites and Chinese census data.
The group estimates that 221,218 Tibetans age 60 and older could die amid a current COVID surge in Tibet, including 45,469 Tibetans who are 80 and older.
For a more complete context, #Taiwan Vice President William Lai reiterated that he would continue Taiwan President @iingwen's approach towards cross-Strait relations as he prepares for his bid for the presidential election in 2024. cna.com.tw/news/aipl/2023…
As he swore in to become the new chairperson of the ruling @DPPonline, Lai said unilateral changes to the status quo in the Taiwan Strait and acts that undermine regional peace and stability will not receive the support of the international community.
He also said under his leadership, the DPP will continue to stand firm on four insistences, namely, "insisting on a free and democratic constitutional system, insisting on the non-subordination of the sovereignty of the ROC and the People's Republic of China, ...