Skip to main content

Market Overview

Taiwan's Vice President-Elect Calls For 'Building Our Own Strengths First' Despite US Support Amid Crisis With China

Share:
Taiwan's Vice President-Elect Calls For 'Building Our Own Strengths First' Despite US Support Amid Crisis With China

Taiwan’s Vice President-elect, Hsiao Bi-khim, underscored the importance of Taiwan’s self-strengthening, despite the continued security assistance from the US.

What Happened: Hsiao, who is set to assume office with President-elect Lai Ching-te on May 20, expressed gratitude for the recent legislation signed by U.S. President Joe Biden to bolster Taiwan’s defenses, Reuters reported on Monday. However, she emphasized that Taiwan should not solely depend on international support but focus on building its own strengths.

Appreciating the bill, Hsiao said, “This bill demonstrates the U.S.’ continuing commitment to supporting allies and partners in the face of geopolitical challenges.”

“But beyond thanking our international friends for their support, it is important that as Taiwanese we invest in building our own strengths first.”

Despite the absence of diplomatic ties, the U.S. remains Taiwan’s most significant supporter and arms supplier. This support comes amid increased military pressure from China over the past four years, which Taiwan’s government continues to reject.

See Also: Hillary Clinton On Another Trump Presidency: ‘It Wouldn’t Be As Bad As It Was Last Time, It Would Be…’

Hsiao and Lai, who have pledged to continue the defense self-sufficiency and modernization program, will take power just months before the U.S. presidential election in November.

Why It Matters: The incoming Taiwanese administration’s focus on self-strengthening comes in the backdrop of escalating tensions in the region. Taiwan has been on high alert for potential Chinese military maneuvers ahead of the presidential inauguration.

Further, China’s rapidly growing missile arsenal poses a significant threat to U.S. forces in the Indo-Pacific, thereby raising alarm among U.S. officials and military leaders.

Amid these tensions, the U.S. has reaffirmed its commitment to defend its allies in Southeast Asia.

Read Next: Trump Says If Supreme Court Decides President Doesn’t Get Immunity Then Biden ‘Will Be Prosecuted For All

Photo by Andy.LIU Shutterstock


Engineered by Benzinga Neuro, Edited by
Pooja Rajkumari


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you.
Learn more.


 

Related Articles

View Comments and Join the Discussion!

Posted-In: China-Taiwan crisis Hsiao Bi-khim Lai Ching-te Pooja RajkumariNews Politics Global General

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com