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.
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.
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.
Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.
The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.
The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.
Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.
Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured
An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.
On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?
Ticker’s Ahron Young & Mike Loder discuss. #featured #trending
American home prices are rising at faster pace now than in the last 20-years.
A recent analysis reveals a jaw dropping surge in the cost of American homes.
Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.
On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.
Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.
Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.
#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending