🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

China likely to ramp up diplomatic 'attacks' on Taiwan, island's foreign minister says

Published 10/25/2022, 11:26 PM
Updated 10/26/2022, 05:11 AM
© Reuters. FILE PHOTO: Taiwan's Foreign Minister Joseph Wu speaks at an event marking the 70th anniversary of American Chamber of Commerce (AmCham) in Taipei, Taiwan December 8, 2021. REUTERS/Fabian Hamacher

TAIPEI (Reuters) - China is likely to ramp up its diplomatic "attacks" on Taiwan following last week's twice-a-decade congress, including snatching more of the island's few remaining diplomatic allies, Taiwan's foreign minister said on Wednesday.

China's ruling Communist Party wrapped up its congress on Saturday, cementing Chinese President Xi Jinping's grip on power.

In a report to parliament, Taiwan's foreign minister Joseph Wu said he expected Beijing to ramp up its "security threat and diplomatic suppression" on the island, which is claimed by China as its own territory despite strong objections by Taiwan.

"China is likely to increase its attacks and threats o Taiwan, especially in the diplomatic field," Wu told lawmakers. "This is what we are worried about."

Wu said Taiwan has received "signs" and intelligence from unspecified diplomatic allies that China was boosting efforts to lure the island's allies into switching official recognition to Beijing.

"The diplomatic challenges we are facing are getting bigger and bigger," he said. "Looking forward our situation is becoming more difficult."

Under Wu's term, six countries have switched official recognition from Taipei to Beijing, which says Taiwan has no right to state-to-state ties.

Only 14 countries now officially recognise the island's government, mostly poor and developing countries in the Pacific, Latin America and the Caribbean.

© Reuters. FILE PHOTO: Taiwan's Foreign Minister Joseph Wu speaks at an event marking the 70th anniversary of American Chamber of Commerce (AmCham) in Taipei, Taiwan December 8, 2021. REUTERS/Fabian Hamacher

Beijing and Taipei have accused each other of using "dollar diplomacy" to lure countries into building official ties with them.

China has stepped up diplomatic and military pressure to try to force Taiwan to accept Chinese rule. Taiwan's government says only the island's 23 million people can decide their future, and that as Taiwan has never been ruled by the People's Republic of China its sovereignty claims are void.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.