The government of Honduras in Central America announced the breakdown of “diplomatic relations” with the Taiwan region on Saturday, saying it will have no more official relations or contact with the island moving forward.
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The government of Honduras in Central America announced the breakdown of “diplomatic relations” with the Taiwan region on Saturday, saying it will have no more official relations or contact with the island moving forward.
Honduras is the 9th country to break off diplomatic relations with Taiwan since 2016.
ReplyDeleteTsai is on a mission to Central America to prevent other Central American countries from jumping the Taiwanese sinking ship.
She already lost her party leadership, which shows that domestically she is not doing well supported.
Ex Taiwan President Ma Ying Jeou, a senior KMT member, and the opposition party in Taiwan, will be visiting China this week.
China is now a ‘safe haven’ as international capital flee from Western markets to Asia amid banking turmoil
ReplyDeleteThe unfolding banking crisis in the US and Europe, which has shattered investor confidence in the Western financial system, could highlight China as a “relative safe haven,” economists at Citi said in a note.
The Chinese economy could see accelerated expansion this year, giving the country a “hedge” for growth while economies in the US and Europe face heightened risk of financial disruption, according to the note.
“We have long been discussing our view that China can be a major growth hedge this year – if anything, recent global banking stresses perhaps have strengthened this thesis,” a team led by Citi’s Chief China economist Xiangrong Yu reportedly stated.
“China could at least be a relative ‘safe haven’ given its growth premium, financial soundness, policy discipline and the new political economy cycle,” the economists argued.
Citi also expects to see the onshore yuan strengthening against the US dollar as soon as September, which would bring the renminbi to its strongest levels since April last year.
Despite the smearing and demonising of China. that China cannot be trusted, all the western companies are happily doing business in China, ploughing more money into China and making good returns. This is a stamp of approval by the western corporations in China.
ReplyDeleteWestern corporations are doing exactly opposite of what the American Administration were, rejecting their rhetoric.
Who would dare to trust the Americans after the robbed Russia, Afghanistan, Venezuela, Iraq etc etc, of their money and assets in America? Has China ever done that despite the American rhetoric that China cannot be trusted?
It is the Americans that cannot be trusted. The Americans are the liars, the cheats and the thieves...and murderers and warmongers.