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China and U.S. to abide by Taiwan agreement

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US President Joe Biden has confirmed he and his Chinese counterpart Xi Jinping have agreed to abide by the “Taiwan agreement”

The President of the United States appeared to be referring to America’s longstanding “one China” policy, where it recognises China rather than Taiwan.

But – the agreement further allows the United States to maintain a “robust unofficial” relationship with Tawian.

The announcement follows escalating tensions between Taiwan and Beijing

Beijing has sent “record numbers” of military jets into Taiwan’s air defence zone for four consecutive days.

Reports suggest the military action could be done as a way warning Taiwan’s president ahead of the island’s national day.

Taiwan has its own constitution, military, and democratically elected leaders, and considers itself a sovereign state

Beijing however, views Taiwan as a breakaway province and has not ruled out the possible use of force to achieve unification with the island.

The “One China” policy, which both President Biden and President Xi are believed to have referred to, is a key cornerstone of Sino-US relations.

The policy however is distinct from the One China principle, whereby China insists Taiwan is an inalienable part of one China to be reunified one day.

“I’ve spoken with Xi about Taiwan. We agree we’ll abide by the Taiwan agreement,”

– President Biden.
FILE PHOTO: Soldiers march to position during an anti-invasion drill on the beach during the annual Han Kuang military drill in Tainan, Taiwan, September 14, 2021. REUTERS/Ann Wang

“We made it clear that I don’t think he should be doing anything other than abiding by the agreement.

– President Biden

On Wednesday, Taiwan’s defence minister confirmed that military tensions with China were at its worst in more than 40 years.

The minister stated that the communist nation has the capability of mounting a “full-scale” invasion of Taiwan by 2025.

China to stop building coal energy plants abroad
Tensions are escalating between China and Taiwan.

“By 2025, China will bring the cost and attrition to its lowest. It has the capacity now, but it will not start a war easily, having to take many other things into consideration,”

Taiwan’s defence minister said.

Analysts watching China closely have previously warned that Beijing is becoming increasingly concerned that Taiwan’s government is moving the island towards a formal declaration of independence and wants to deter its President Tsai Ing-wen from taking any steps in that direction.

The latest warning comes even as a Taiwanese parliamentary committee undertakes a review of a special military spending budget of T$240bn ($8.6bn; £6.32bn) over the next few years that will mostly go towards naval weapons used by Taiwan forces.

The US has continued to sell weapons to Taiwan as part of Washington’s Taiwan Relations Act, which states that the United States must assist Taiwan defend itself.

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It takes a village: coordinated financial teams prove paramount to maximising wealth

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The pursuit of wealth is often faced by significant challenges including debt, lifestyle costs, and burnout – so what methods can help overcome these challenges?

Maximising financial opportunities involves a suite of tasks, from leveraging favourable loan rates, strategic tax planning, and coordinated financial advising.

Mark Wyld from MW Wealth joins to discuss more. #featured

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Microsoft recalls ‘Recall AI’ feature over security fears

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Microsoft has announced a postponement in the release of its new Recall AI feature, citing significant security concerns raised during internal testing.

Pope Francis took charge of discussions on the implications of artificial intelligence for global ethics and governance, Reuters reports.

The pope said AI represented an “epochal transformation” for mankind, but stressed the need for close oversight of the ever-developing technology to preserve human life and dignity.

“No machine should ever choose to take the life of a human being,” he said, adding that people should not let superpowerful algorithms decide their destiny.
“We would condemn humanity to a future without hope if we took away people’s ability to make decisions about themselves and their lives, by dooming them to depend on the choices of machines,” he warned.

#featured #trending

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