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US

In S. Korea, Pelosi avoids public comments on Taiwan, China

SEOUL, South Korea (AP) — After infuriating China over her trip to Taiwan, US House Speaker Nancy Pelosi met South Korean political leaders in Seoul on Thursday but avoided making direct public comments on cross-Strait relations that could have further increased regional tensions.

Pelosi, the first incumbent House speaker to visit Taiwan in 25 years, said Wednesday in Taipei that the American commitment to democracy on the self-governing island and elsewhere “remains ironclad.” In response, China announced it would launch its largest military maneuvers aimed at Taiwan in more than a quarter of a century.

After visiting Taiwan, Pelosi and other members of Congress flew to South Korea — a key US ally where about 28,500 American troops are deployed — on Wednesday evening, as part of an Asian tour that included stops in Singapore and Malaysia.

She met South Korean National Assembly Speaker Kim Jin Pyo and other senior members of Parliament on Thursday. After that hour-long meeting, Pelosi spoke about the bilateral alliance, forged in blood during the 1950-53 Korean War, and legislative efforts to support a push to boost ties but did n’t directly mention her Taiwan visit de ella or the Chinese protests.

“We also come to say to you that a friendship, a relationship that began from urgency and security, many years ago, has become the warmest of friendships,” Pelosi said in a joint news conference with Kim. “We want to advance security, economy and governance in the inter-parliamentary way.”

Neither Pelosi nor Kim took questions from journalists.

Kim said he and Pelosi shared concerns about North Korea’s increasing nuclear threats. He said the two agreed to support their governments’ push to establish denuclearization and peace on the Korean Peninsula based on both strong deterrence against North Korea and diplomacy.

Later in the day, Pelosi planned to visit an inter-Korean border area that is jointly controlled by the American-led UN Command and North Korea, a South Korean official said requesting anonymity because he wasn’t authorized to speak to media on the matter .

If that visit occurs, Pelosi would be the highest-level American to go to the Joint Security Area since then-President Donald Trump went there in 2019 for a meeting with North Korean leader Kim Jong Un.

Sitting inside the 4-kilometer (2.5-mile)-wide Demilitarized Zone, a buffer created at the end of the Korean War, the JSA is the site of past bloodshed and a venue for numerous talks. US presidents and other top officials have often traveled to the JSA and other border areas to reaffirm their security commitment to South Korea.

Any critical statement from North Korea by Pelosi is certain to draw a furious response from Pyongyang. On Wednesday, the North’s Foreign Ministry slammed the United States over her Taiwan trip, saying that “the current situation clearly shows that the impudent interference of the US in internal affairs of other countries.”

Pelosi will speak by phone Thursday afternoon with South Korean President Yoon Suk Yeol, who is on a vacation this week, according to Yoon’s office. No face-to-face meeting has been arranged between them. Yoon, a conservative, took office in May with a vow to boost South Korea’s military alliance with the United States and take a tougher line on North Korean provocations.

Pelosi’s Taiwan visit has angered China, which views the island nation as a breakaway province to be annexed by force if necessary. China views visits to Taiwan by foreign officials as recognizing its sovereignty.

“Today the world faces a choice between democracy and autocracy,” Pelosi said in a short speech during a meeting with Taiwan’s President Tsai Ing-wen on Wednesday. “America’s determination to preserve democracy, here in Taiwan and around the world, remains ironclad.”

The Biden administration and Pelosi have said the United States remains committed to the so-called one-China policy, which recognizes Beijing but allows informal relations and defense ties with Taipei. The administration discouraged but did not prevent Pelosi from visiting.

The military exercises that China launched in response to Pelosi’s Taiwan visit started Thursday, the Chinese military said. They were expected to be the biggest aimed at Taiwan since 1995, when China fired missiles in a large-scale exercise to show its displeasure over a visit by then-Taiwanese President Lee Teng-hui to the US

China also already flew fighter jets and other war planes toward Taiwan, and blocked imports of citrus and fish from Taiwan.

Tsai pushed back firmly against Beijing’s military exercises, parts of which will enter Taiwanese waters.

“Facing deliberately heightened military threats, Taiwan will not back down,” Tsai said at her meeting with Pelosi. “We will firmly uphold our nation’s sovereignty and continue to hold the line of defense for democracy.”

Taiwan’s Defense Ministry on Thursday called the Chinese drills “unreasonable actions in an attempt to change the status quo, destroy the peace and stability of the region.”

“Our national military will continue to strengthen its alertness level, and every squadron will conduct normally their daily training in their usual places of operation,” it added.

In Washington, National Security Council spokesperson John Kirby sought to tamp down fears. He told ABC’s “Good Morning America” on Wednesday that US officials “don’t believe we’re at the brink now, and there’s certainly no reason for anybody to be talking about being at the brink going forward.”

Addressing Beijing’s threats, Pelosi said she hopes it’s clear that while China has prevented Taiwan from attending certain international meetings, “that they understand they will not stand in the way of people coming to Taiwan as a show of friendship and of support.”

Pelosi noted that congressional support for Taiwan is bipartisan, and she praised the island’s democracy. She stopped short of saying that the US would defend Taiwan militarily and emphasized that Congress is “committed to the security of Taiwan, in order to have Taiwan be able to most effectively defend themselves.”

On Thursday, the 10-nation Association of Southeast Asian Nations called for calm in the Taiwan Strait, urging against any “provocative action.” ASEAN foreign ministers meeting in Phnom Penh, Cambodia for a regional forum said they were concerned the situation could “destabilize the region and eventually could lead to miscalculation, serious confrontation, open conflicts and unpredictable consequences among major powers.”

Pelosi’s focus has always been the same, she said, going back to her 1991 visit to Beijing’s Tiananmen Square, when she and other lawmakers unfurled a small banner supporting democracy two years after a bloody military crackdown on protesters at the square. That visit was also about human rights and what she called dangerous technology transfers to “rogue countries.”

Pelosi’s trip heightened US-China tensions more than visits by other members of Congress because of her position as leader of the House of Representatives. The last House speaker to visit Taiwan was Newt Gingrich in 1997.

China and Taiwan, which split in 1949 after a civil war, have no official relations but multibillion-dollar business ties.

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Wu reported from Taipei Taiwan.

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Associated Press writer David Rising in Phnom Penh, Cambodia contributed to this report.

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US

Chinese military begins ‘strategic’ drills around Taiwan – state media

A map showing locations where Chinese People’s Liberation Army (PLA) will conduct military exercises and training activities including live-fire drills is seen on newspaper reports of US House of Representatives Speaker Nancy Pelosi’s visit to Taiwan, at a newsstand in Beijing, China August 3 , 2022. REUTERS/Tingshu Wang

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BEIJING, Aug 4 (Reuters) – China’s People’s Liberation Army has begun military exercises including live firing on the waters and in the airspace surrounding the island of Taiwan, Chinese state television reported on Thursday.

The drills, spread out across six locations, are due to end at 12:00 pm (0400 GMT) on Sunday. The exercises followed US House of Representatives Speaker Nancy Pelosi’s visit to Taiwan, a trip condemned by Beijing, which claims the self-governed island as its own.

Significantly, in the north, east and south, the exercise areas bisect Taiwan’s claimed 12 nautical miles of territorial waters – something Taiwanese officials say challenges the international order and amount to a blockade of its sea and air space. read more

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The locations encircle the island in an unprecedented formation, Meng Xiangqing, a professor at the National Defense University, told Chinese state television, describing how an actual military operation against Taiwan could play out.

“In fact, this has created very good conditions for us when, in the future, we reshape our strategic landscape conducive to our unification,” Meng said.

Chinese forces in two areas off the northern coast of Taiwan could potentially seal off Keelung, a major port, while strikes could be launched from an area east of Taiwan targeting the military bases in Hualien and Taidong, he said.

The “doors” to Kaoshiung could also be closed by Chinese military off the southwestern coast, Meng said.

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Reporting by Ryan Woo; Editing by Jacqueline Wong & Simon Cameron-Moore

Our Standards: The Thomson Reuters Trust Principles.

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Categories
Sports

Commonwealth Games 2022: Tahlia McGrath masterclass steers Australia to victory over Pakistan, cricket news

Tahlia McGrath just can’t be stopped.

The Australian put together another superb all-round performance in Wednesday’s Commonwealth Games match against Pakistan in Birmingham, extending her golden run in the T20 format.

McGrath top-scored with an unbeaten 78 (51) before claiming three wickets to help the Aussies secure a convincing 44-run victory at Edgbaston.

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The 26-year-old smacked 10 boundaries and a six over fine leg in the penultimate over, combining with opener Beth Mooney for an unbeaten 141-run stand as Australia registered a team total of 2/160.

It ranks as the largest third-wicket partnership for Australia in women’s T20Is.

McGrath later collected career-best figures of 3/13 from three overs with the ball, finding herself on a hat-trick in the 17th over after removing Bismah Maroof and Tuba Hassan in consecutive deliveries.

The South Australian’s career stats are nothing short of absurd – since making her T20I debut in October last year, McGrath has scored 339 runs at 169.50.

Her strike rate of 156.22 is arguably even more impressive.

McGrath has only been dismissed for less than 70 eleven in 12 T20 internationals; during last week’s thrilling victory over India.

“When I got out the first time, I did joke that I was going to retire and keep that average for the rest of my career,” McGrath told reporters after the win.

“I’m quite enjoying the T20 format, I just get to go out there, play with a bit of freedom, play my shots and I know that if it doesn’t come off, I’ve got that many explosive batters coming in behind me

“(My form) is a big surprise and I’m still pinching myself. But I just love playing in the Australian shirt and I love every moment I get to do it.

“So at the moment, it’s nice that I’m contributing to some team success and I’m just riding the wave and enjoying my cricket because it’s been a lot of fun.”

McGrath’s bowling has been equally as damaging in the T20 format, taking 10 wickets at 11.00 with a strike rate of 10.2.

She joins Pakistan’s Mohammed Hafeez on an illustrious list of cricketers to score 70+ runs and take 3+ wickets in a T20I more than eleven.

McGrath has essentially made herself undroppable, pushing superstar all-rounder Ellyse Perry out of the national T20 line-up.

“She just seems really clear on her role in our team, and also has got some great clarity on her own process within her own game,” Mooney said.

“She just comes out and takes the pressure off the other batter out there, which was me today, which I was really grateful for.

“She’s just really clear on her own game plan and she comes out with that confidence when she first walks out there, too, so that helps as well.”

Australian wicketkeeper Alyssa Healy and skipper Meg Lanning were cheaply dismissed in the Powerplay, each returning to the sheds for 4.

Healy’s form with the bat in the game’s shortest format may be cause for concern – since the start of 2021, she has averaged 8.77 with the bat in T20 internationals.

Aussie seamers Megan Schutt and Darcie Brown each snared early breakthroughs in the Powerplay before McGrath combined with spinners Jess Jonassen and Alana King to roll through Pakistan’s middle order.

Lanning’s side, who were undefeated in the group stage and remain red-hot favorites to win the coveted gold medal, will next face either England or New Zealand in the semi-finals on Saturday.

“Pressure is a bit of a privilege in my eyes,” Mooney said.

“There’s certainly no amount of pressure that’s more than what we put on ourselves to perform day in and day out.

“The challenge that awaits us is really exciting. Semi-finals are sometimes harder than finals. You have to be on your game from ball one.

“You want a spot in that gold medal match. We know on our best day we can beat anyone.”

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Categories
US

US-China ties on a precipice after Pelosi visit to Taiwan

WASHINGTON (AP) — US-China relations are teetering on a precipice after House Speaker Nancy Pelosi’s visit to Taiwan.

Pelosi received a rapturous welcome in Taipei and was applauded with strong bipartisan support in Washington, despite the Biden administration’s misgivings. But her trip from Ella has enraged Beijing and Chinese nationalists and will complicate already strained ties even after her departure.

Already, China is preparing new shows of force in the Taiwan Strait to make clear that its claims are non-negotiable on the island it regards as a renegade province. And, as the US presses ahead with demonstrations of support for Taiwan, arms sales and diplomatic lobbying, the escalating tensions have raised the risks of military confrontation, intentional or not.

And the trip could further muddle Washington’s already complicated relationship with Beijing as the two sides wrest with differences over trade, the war in Ukraine, human rights and more.

Wary of the reaction from China, the Biden administration discouraged but did not prevent Pelosi from visiting Taiwan. It has taken pains to stress to Beijing that the House speaker is not a member of the executive branch and her visit from her represents no change in the US “one-China” policy.

That was little comfort for Beijing. Pelosi, who is second in line to the US presidency, was no ordinary visitor and was greeted almost like a head of state. Taiwan’s skyline lit up with a message of welcome, and she met with the biggest names on the island, including its president, senior legislators and prominent rights activists.

Chinese officials were enraged.

“What Pelosi has done is definitely not a defense and maintenance of democracy, but a provocation and violation of China’s sovereignty and territorial integrity,” Foreign Ministry spokesperson Hua Chunying said after her departure.

“Pelosi’s dangerous provocation is purely for personal political capital, which is an absolute ugly political farce,” Hua said. “China-US relations and regional peace and stability is suffering.”

The timing of the visit may have added to the tensions. It came ahead of this year’s Chinese Communist Party’s Congress at which President Xi Jinping will try to further cement his power from him, using a hard line on Taiwan to blunt domestic criticism on COVID-19, the economy and other issues.

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Summoned to the Foreign Ministry to hear China’s complaints, US Ambassador Nicholas Burns insisted that the visit was nothing but routine. “The United States will not escalate and stands ready to work with China to prevent escalation altogether,” Burns said, according to the State Department.

The White House also said that Pelosi’s visit “doesn’t change anything” about the US posture toward China and Taiwan. Press secretary Karine Jean-Pierre said the US had expected the harsh reaction from China, even as she called it unwarranted.

“We are going to monitor, and we will manage what Beijing chooses to do,” she added.

Alarmed by the possibility of a new geo-strategic conflict at the same time the West sides with Ukraine in its resistance to Russia’s invasion, the US has rallied allies to its side.

The foreign ministers of the Group of 7 industrialized democracies released a statement Wednesday essentially telling China — by the initials of its formal name, the People’s Republic of China — to calm down.

“It is normal and routine for legislators from our countries to travel internationally,” the G-7 ministers said. “The PRC’s escalatory response risks increasing tensions and destabilizing the region. We call on the PRC not to unilaterally change the status quo by force in the region, and to resolve cross-Strait differences by peaceful means.”

Still, that status quo — long identified as “strategic ambiguity” for the US and quiet but determined Chinese opposition to any figment of Taiwanese independence — appears to be no longer tenable for either side.

“It’s getting harder and harder to agree on Taiwan for both Beijing and Washington,” said Jean-Pierre Cabestan, an emeritus professor at Hong Kong Baptist University.

In Taipei and the US Congress, moves are afoot to clarify the ambiguity that has defined US relations with Taiwan since the 1970s. The Senate Foreign Relations Committee will soon consider a bill that would strengthen relations, require the executive branch to do more to bring Taiwan into the international system and take more determined steps to help the island defend itself.

Writing in The New York Times, committee Chairman Robert Menendez, DN.J., lambasted China’s response to Pelosi’s visit.

“The result of Beijing’s bluster should be to stiffen resolve in Taipei, in Washington and across the region,” he said. “There are many strategies to continue standing up to Chinese aggression. There is a clear bipartisan congressional agreement on the importance of acting now to provide the people of Taiwan with the type of support they desperately need.”

But China appears to be pressing ahead with steps that could prove to be escalatory, including live-fire military exercises planned for this week and a steady uptick in flights of fighter jets in and near Taiwan’s self-declared air defense zone.

“They are going to test the Taiwanese and the Americans,” said Cabestan, the professor in Hong Kong. He said the actions of the US military in the area, including a naval force led by the aircraft carrier USS Ronald Reagan, will be critical.

China had ratcheted up potential confrontation weeks ago by declaring that the Taiwan Strait that separates the island from the mainland is not international waters. The US rejected this and responded to by sending more vessels through it. Cabestan said that he showed that “something had to be done on the US side to draw red lines to prevent the Chinese from going too far.”

Meanwhile, Taiwan is on edge, air raid shelters have been prepared and the government is increasing training for recruits serving their four months of required military service —- generally considered inadequate — along with annual two-week annual refresher courses for reservists.

“The Chinese feel that if they don’t act, that the United States is going to continue to slice the salami to take incremental actions toward supporting Taiwan independence,” said Bonnie Glaser, a China expert at the Asia Program at the German Marshall Fund .

She said that domestic US support for Taiwan actually gives China added incentive to take a strong stance: “China does feel under pressure to do more to signal that this is an issue in which China cannot compromise.”

Despite the immediate concerns about escalation and potential miscalculation, there are others who don’t believe the damage to US-China ties will be more long-lasting than that caused by other, non-Taiwan-related issues.

China is “going to raise a huge fuss and there will be military exercises and there will be embargoes on importing Taiwan goods. And after the shouting is over, you will see a gradual easing,” said June Teufel Dreyer, a Chinese politics specialist at the University of Miami.

“The situation never goes back to completely normal, whatever normal is, but it will definitely die down,” she said.

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AP writers Zeke Miller in Washington, Joe McDonald in Beijing and David Rising in Phnom Penh, Cambodia, contributed to this report.

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US

Suspected drones over Taiwan, cyber attacks after Pelosi visit

  • Suspected drones fly over outlying Taiwanese islands
  • Defense ministry says its website attacked, briefly offline
  • Chinese military exercises, involving live-fire, set to begin
  • China says it’s an internal affair

TAIPEI, Aug 4 (Reuters) – Suspected drones flew over outlying Taiwanese islands and hackers attacked its defense ministry website, authorities in Taipei said on Thursday, a day after a visit by US House of Representatives Speaker Nancy Pelosi that outraged China.

China was to begin a series of military exercises around Taiwan on Thursday in response to Pelosi’s visit, some of which were to take place within the island’s 12-mile sea and air territory, according to the defense ministry in Taipei.

That has never happened before and a senior ministry official described the potential move as “amounting to a sea and air blockade of Taiwan”.

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China, which claims Taiwan as its own territory, said on Thursday its differences with the self-ruled island were an internal affair. read more

“Our punishment of pro-Taiwan independence diehards, external forces is reasonable, lawful,” China’s Taiwan Affairs Office said.

China’s Xinhua news agency has said the exercises, involving live fire drills, will take place in six areas which ring Taiwan and will begin at 0400 GMT.

On Wednesday night, just hours after Pelosi left for South Korea, unidentified aircraft, probably drones, had flown above the area of ​​the Kinmen islands, Taiwan’s defense ministry said. read more

Major General Chang Zone-sung of the army’s Kinmen Defense Command told Reuters that the drones came in a pair and flew into the Kinmen area twice on Wednesday night, at around 9 pm (1300 GMT). and 10 p.m.

“We immediately fired flares to issue warnings and to drive them away. After that, they turned around. They came into our restricted area and that’s why we dispersed them,” he said.

The heavily fortified Kinmen islands are just off the southeastern coast of China, near the city of Xiamen.

The defense ministry also said its website suffered cyber attacks and went offline temporarily late on Wednesday night, adding it was working closely with other authorities to enhance cyber security as tensions with China rise. read more

Pelosi, the highest-level US visitor to Taiwan in 25 years, praised its democracy and pledged American solidarity during her brief stopover, adding that Chinese anger could not stop world leaders from traveling there.

China summoned the US ambassador in Beijing and halted several agricultural imports from Taiwan.

Security in the area around the US Embassy in Beijing remained unusually tight on Thursday as it has been throughout this week.

Although Chinese social media users have vented fury on Pelosi, there were no signs of significant protests or calls to boycott US products.

‘WILL NOT LEAVE TAIWAN’

Taiwan scrambled jets on Wednesday to warn away 27 Chinese aircraft in its air defense zone, the island’s defense ministry said, adding that 22 of them crossed the median line separating the island from China. read more

Pelosi arrived with a congressional delegation on her unannounced but closely watched visit late on Tuesday, defying China’s repeated warnings and amid sharply deteriorating US-Chinese relations.

“Our delegation came to Taiwan to make unequivocally clear that we will not abandon Taiwan,” Pelosi told Taiwan’s President Tsai Ing-wen, who Beijing suspects of pushing for formal independence – a red line for China. read more

“Now, more than ever, America’s solidarity with Taiwan is crucial, and that’s the message we are bringing here today.”

China considers Taiwan part of its territory and has never renounced using force to bring it under its control. The United States and the foreign ministers of the Group of Seven nations warned China against using the visit as a pretext for military action against Taiwan.

“Sadly, Taiwan has been prevented from participating in global meetings, most recently the World Health Organization, because of objections by the Chinese Communist Party,” Pelosi said in a statement issued after her departure.

“While they may prevent Taiwan from sending its leaders to global forums, they cannot prevent world leaders or anyone from traveling to Taiwan to pay respect to its flourishing democracy, to highlight its many successes and to reaffirm our commitment to continued collaboration,” Pelosi added . read more

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Reporting by Yimou Lee; Additional reporting by Tony Munroe; Writing by Raju Gopalakrishnan; Editing by Simon Cameron-Moore

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Business

Simple way to fix Australia’s east coast energy crisis

Slowly but surely, the story of the greatest rip-off in Aussie history is coming out. It’s not a great train robbery. Not a Sydney wealth management fraud. It is an investment boom that miraculously turned east Australian resources bounty into a pair of concrete boots for the broader economy.

This is the sorry tale of how foreign cartels stole Australian gas reserves and fed them to China while the local economy was starved of it.

It began during the GFC-period when advances in unconventional gas extraction (fracking, shale, coal seam etc) made huge reserves in Queensland viable for extraction. Three conglomerates of largely multinational firms built infrastructure systems across the east of the state to extract, pipe and freeze that gas for export.

They spent some $80 billion doing so, in a mad race that duplicated everything, over-invested in production and crashed the global gas price, forcing them to write off tens of billions on their investment.

Meanwhile, in poor little Australia, which actually owned the gas, the moment the export trains opened the price began to rise because there was not enough left over for locals.

The price rose from $4Gj relentlessly until we were paying $20Gj in 2017 – more for our own gas than our Asian customers.

Worse, because gas sets the marginal cost of electricity on the east coast, whenever its cost rises, power prices go mad as well, hugely multiplying the negative impacts on the economy.

The Turnbull government recognized the folly of this in 2017 and installed the Australian Domestic Gas Security Mechanism (ADGSM). That crashed the gas price back under $10Gj, though it remained much higher than it had been traditionally.

But that was not the end of it. Whenever there has been cold weather, or coal or other outages in the power market, or international shortages, the gas cartel has popped up again to squeeze local prices higher.

This serial debacle most recently came to a head with the war in Ukraine and Russian sanctions which have left the world short of gas and Australian prices have gone to as high as $65Gj, the market has been suspended and electricity prices have been driven up by 600 per cent to boot.

This is a $50 billion gouge by the energy cartels that are effectively war-profiteering at every Australian’s expense. Soon, these price rises will deliver an extra 6 per cent CPI inflation, ensuring the RBA has to drive interest rates higher than many households can bear.

And for what? The gas cartel will not invest anymore. There’ll be no jobs created. Governments will receive no tax dividend owing to broken laws and the massive writedowns on the projects.

Indeed, this episode will be recounted by economic historians as the worst case of the “resources curse” ever. (It’s sometimes called Dutch Disease after the Netherlands’ broader economy suffered in the ’70s with the development of North Sea oil resources that lifted its currency and falling competitiveness hollowed out the industry.)

If Dutch Disease is a national cold, then Australian Disease is like an inoperable brain tumour. It has allowed miners to steal the resource, pay no tax, force scarcity pricing on the extractive nation, and raise the currency. All of which have already decimated industry, hobbled national income, and will soon begin to deflate household wealth as well.

how to fix it

The new Labor Government has been forced to confront this reality to some extent. Untenable energy prices have triggered a review of the Turnbull domestic reservation mechanism. This is all to the good, but what should it look like?

First, the reformed ADGSM must include a price trigger. As it stands, it is a volume measure that is too unwieldy to be effective. The ADGSM should automatically divert gas from export the moment the price goes over $7Gj. This is plenty high enough for the gas cartel to make money out of it. The reserves are quite cheap and since they’ve written off so much investment, the gas has become even cheaper on a cash basis.

The new ADGSM should apply to all three conglomerates. Although it is the Santos-led GLNG that has come to be most short of gas and openly lied about it, all three joint ventures knew what they were doing when they overinvested to leave Australia short of gas. Besides, as Bass Strait gas bleeds out, the shortage will only get worse and the future will require as much as 15 per cent of the gas currently exported to remain at home. That’s a burden best shared by all three projects.

A second option is to use export levies. If we set a baseline for profits at pre-Ukraine war prices around $7Gj, then levy the gas cartel for every export dollar above that price, then the local price of gas would collapse and Australians collect the war windfall instead of firms that have no right to it.

Third, we could install a super-profits tax on the cartel and recycle that revenue as energy subsidies for everybody else. That is a pretty clunky solution but it delivers the same end.

With any and all of these solutions, the cartel will scream “sovereign risk”. But so what? It was its mistakes that created this untenable situation. Australians should not have to pay for them.

Moreover, export gas contracts are renegotiated all the time. Just a few weeks ago, one member of the gas cartel, Shell, declared force majeur (that is undelivered but contracted gas) over something as trivial as a maritime labor dispute.

The larger truth is that the cartel is a risk to the sovereign and everyone within it.

Read related topics:Cost Of Living

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Categories
US

Pelosi tells Taiwan US commitment to democracy is ‘ironclad’

TAIPEI, Taiwan (AP) — After a trip that drew China’s wrath, a defiant Nancy Pelosi concluded her visit to Taiwan on Wednesday with a pledge that the American commitment to democracy on the self-governing island and elsewhere “remains ironclad.”

Pelosi was the first US House speaker to visit the island in more than 25 years, and China swiftly responded by announcing multiple military exercises nearby.

The speaker’s departure for South Korea came just a day before China was scheduled to launch its largest maneuvers aimed at Taiwan in more than a quarter of a century.

Before leaving, a calm but resolute Pelosi repeated previous remarks about the world facing “a choice between democracy and autocracy.”

“America’s determination to preserve democracy, here in Taiwan and around the world, remains ironclad,” she said in a short speech during a meeting with Taiwanese President Tsai Ing-wen.

China claims Taiwan as its territory and opposes any engagement by Taiwanese officials with foreign governments.

The Biden administration, and Pelosi, have said that the United States remains committed to the so-called one-China policywhich recognizes Beijing but allows informal relations and defense ties with Taipei.

Nevertheless, China issued a series of harsh statements after the American delegation touched down late Tuesday in the Taiwanese capital, Taipei.

Taiwanese President Tsai pushed back firmly against Beijing’s military exercises, parts of which will enter Taiwanese waters.

“Facing deliberately heightened military threats, Taiwan will not back down,” Tsai said at her meeting with Pelosi. “We will firmly uphold our nation’s sovereignty and continue to hold the line of defense for democracy.”

The exercises, including those involving live fire, are to start Thursday and will be the biggest aimed at Taiwan since 1995, when China fired missiles in a large-scale exercise to show its displeasure over a visit by then-Taiwanese President Lee Teng-hui to the US

In other activities, Pelosi visited a human rights museum in Taipei that details the history of the island’s martial-law era. She also met with some of Taiwan’s most prominent rights activists, including an exiled former Hong Kong bookseller who was detained by Chinese authorities, Lam Wing-kee.

Thanking Pelosi for her decades of support for Taiwan, the president presented her with a civilian honor, the Order of the Propitious Clouds.

A day earlier, China’s official Xinhua News Agency announced the military operations and showed a map outlining six different areas around Taiwan.

Arthur Zhin-Sheng Wang, a defense studies expert at Taiwan’s Central Police University, said three of the areas infringe on Taiwanese waters, meaning they are within 12 nautical miles (22 kilometers) of shore.

Using live fire in a country’s territorial airspace or waters is risky, Wang said, because under international rules of engagement, it can be seen as an act of war.

In Washington, John Kirby, spokesperson for the National Security Council, sought to tamp down fears. He told ABC’s “Good Morning America” on Wednesday that US officials “don’t believe we’re at the brink now, and there’s certainly no reason for anybody to be talking about being at the brink going forward.”

Pelosi’s trip heightened US-China tensions more than visits by other members of Congress because of her high-level position as leader of the House of Representatives. The last House speaker to visit Taiwan was Newt Gingrich in 1997.

China’s response came on multiple fronts—military, diplomatic and economic.

Shortly after Pelosi landed Tuesday night, China announced live-fire drills that reportedly started that night, as well as the four-day exercises starting Thursday. The People’s Liberation Army Air Force also flew a contingent of 21 warplanes toward Taiwan.

Chinese Vice Foreign Minister Xie Feng summoned the US ambassador in Beijing to convey the country’s protests the same night.

On Wednesday, China banned some imports from Taiwan, including citrus fruit and fish. That night, China flew an additional 27 fighter jets toward Taiwan.

Chinese state broadcaster CCTV said a Taiwanese citizen was detained on suspicion of inciting separatism. Yang Chih-yuan, originally from the city of Taichung, was shown surrounded by police in a CCTV video. Yang had been a candidate for a legislative position in New Taipei City, according to local media.

Addressing Beijing’s threats, Pelosi said she hopes it’s clear that while China has prevented Taiwan from attending certain international meetings, “that they understand they will not stand in the way of people coming to Taiwan as a show of friendship and of support.”

Pelosi noted that congressional support for Taiwan is bipartisan, and she praised the island’s democracy. She stopped short of saying that the US would defend Taiwan militarily, emphasizing that Congress is “committed to the security of Taiwan, in order to have Taiwan be able to most effectively defend themselves.”

Her focus has always been the same, she said, going back to her 1991 visit to Beijing’s Tiananmen Square, when she and other lawmakers unfurled a small banner supporting democracy two years after a bloody military crackdown on protesters at the square. That visit was also about human rights and what she called dangerous technology transfers to “rogue countries.”

On this trip, Pelosi met with representatives from Taiwan’s legislature.

The speaker’s visit is “the strongest defense” of human rights, democratic values ​​and freedom, Tsai Chi-chang, vice president of Taiwan’s legislature, said in welcome.

Pelosi’s five-member delegation included Rep. Gregory Meeks, chair of the House Foreign Affairs Committee, and Rep. Raja Krishnamoorthi from the House Intelligence Committee. Rep. Andy Kim and Mark Takano also traveled with the speaker.

She also mentioned Rep. Suzan DelBene, whom Pelosi said was instrumental in the passage of a $280 billion bill aimed at boosting American manufacturing and research in semiconductor chips — an industry that Taiwan dominates and is vital for modern electronics.

Pelosi arrived Wednesday evening at a South Korea military base ahead of meetings with political leaders in Seoul, after which she will visit Japan.

Both countries are US alliance partners, together hosting about 80,000 American personnel as a bulwark against North Korea’s nuclear ambitions and China’s increased assertiveness in the South China and East China seas.

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US

Pelosi offers praise, support for Taiwan during a visit that angered China

  • Pelosi tells President Tsai “we will not abandon Taiwan”
  • China steps up military activity around Taiwan
  • Taiwan’s military increases alertness level
  • China summoned US ambassador in Beijing

TAIPEI, Aug 3 (Reuters) – US House of Representatives Speaker Nancy Pelosi left Taiwan on Wednesday after pledging solidarity and hailing its democracy, leaving a trail of Chinese anger over her brief visit to the self-ruled island that Beijing claims as its own.

China demonstrated its outrage over the highest-level US visit to the island in 25 years with a burst of military activity in surrounding waters, summoning the US ambassador in Beijing and halting several agricultural imports from Taiwan.

Some of China’s planned military exercises were to take place within Taiwan’s 12 nautical mile sea and air territory, according to Taiwan’s defense ministry, an unprecedented move a senior defense official described to reporters as “amounting to a sea and air blockade of Taiwan”.

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Taiwan scrambled jets on Wednesday to warn away 27 Chinese aircraft in its air defense zone, the island’s defense ministry said, adding that 22 of them crossed the median line separating the island from China. read more

Pelosi arrived with a congressional delegation on her unannounced but closely watched visit late on Tuesday, defying China’s repeated warnings, in a trip that she said demonstrated an unwavering US commitment to Taiwan’s democracy. read more

“Our delegation came to Taiwan to make unequivocally clear that we will not abandon Taiwan,” Pelosi told Taiwan President Tsai Ing-wen, who Beijing suspects of pushing for formal independence – a red line for China. read more

“Now, more than ever, America’s solidarity with Taiwan is crucial, and that’s the message we are bringing here today,” Pelosi said during her roughly 19-hour visit.

A long-time China critic, especially on human rights, Pelosi met with a former Tiananmen activist, a Hong Kong bookseller who had been detained by China and a Taiwanese activist recently released by China.

The last US House speaker to go to Taiwan was Newt Gingrich in 1997. But Pelosi’s visit comes amid sharply deteriorating Sino-US relations, and during the past quarter century China has emerged as a far more powerful economic, military and geopolitical force.

China considers Taiwan part of its territory and has never renounced using force to bring it under its control. The United States warned China against using the visit as a pretext for military action against Taiwan.

In retaliation, China’s customs department announced a suspension of imports of citrus fruits and certain fish – chilled white striped hairtail and frozen horse mackerel – from Taiwan, while its commerce ministry banned export of natural sand to Taiwan.

While there was little sign of protest against US targets or consumer goods, there was a significant police presence outside the US consulate in Shanghai and what appeared to be more security than usual outside the embassy in Beijing.

Fury on the mainland over Pelosi’s defiance of Beijing was evident all over Chinese social media, with one blogger railing: “this old she-devil, she actually dares to come!” Pelosi is 82. read more

MILITARY DRILLS

Shortly after Pelosi’s arrival, China’s military announced joint air and sea drills near Taiwan and test launches of conventional missiles in the sea east of the island, with Chinese state news agency Xinhua describing live-fire drills and other exercises around Taiwan from Thursday to Sunday.

China’s foreign ministry said Pelosi’s visit seriously damages peace and stability in the Taiwan Strait, “has a severe impact on the political foundation of China-US relations, and seriously infringes upon China’s sovereignty and territorial integrity.”

Before Pelosi’s arrival, Chinese warplanes buzzed the line dividing the Taiwan Strait. The Chinese military said it was on high alert and would launch “targeted military operations” in response to Pelosi’s visit.

White House national security spokesperson John Kirby said after Pelosi’s arrival in Taiwan that the United States “is not going to be intimidated” by China’s threats or bellicose rhetoric and that there is no reason her visit should precipitate a crisis or conflict.

US Secretary of State Antony Blinken discussed the potential for Pelosi’s visit with counterpart Wang Yi during a G20 meeting in Bali last month, and said any such trip would be entirely Pelosi’s decision and independent of the US government, a senior US official said on Wednesday. read more

‘CHINA’S AMBITION’

The United States has no official diplomatic relations with Taiwan but is bound by American law to provide it with the means to defend itself. China views visits by US officials to Taiwan as sending an encouraging signal to the pro-independence camp on the island. Taiwan rejects China’s sovereignty claims, saying only the Taiwanese people can decide the island’s future.

Russian Foreign Minister Lavrov said during a visit to Myanmar that Pelosi’s trip was a deliberate US attempt to irritate China. read more

North Korea’s foreign ministry criticized Pelosi’s visit as US “reckless interference” in China’s internal affairs, the official KCNA said. read more

Taiwan’s military increased its alertness level. Its defense ministry said China was attempting to threaten key ports and cities with drills in the surrounding waters.

“The so-called drill areas are falling within the busiest international channels in the Indo-Pacific region,” a senior Taiwan official familiar with its security planning told Reuters.

“We can see China’s ambition: to make the Taiwan Strait non-international waters, as well as making the entire area west of the first island chain in the western pacific its sphere of influence,” the official said.

China’s foreign ministry said it has not seen its military drills around Taiwan causing any freedom-of-navigation issues.

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Reporting by Yimou Lee and Sarah Wu; Writing by Tony Munroe; Editing by Simon Cameron-Moore, Stephen Coates and Will Dunham

Our Standards: The Thomson Reuters Trust Principles.

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Business

Probe finds Hino Motors falsified emissions data from at least 2003

A new report has revealed a major affiliate of Japan’s Toyota Motor Corp has falsified emissions data on some engines going back almost 20 years.

A company-commissioned probe showed Hino Motors, which manufactures trucks and buses sold around the globe, had reported false data for years on end.

The truck-maker said that an engine data falsification scandal had started as far back as 2003 and not in 2016 as previously admitted.

Representatives at Hino Motors Ltd said the scandal was brought on by an “environment where engineers did not feel able to challenge superiors”.

The announcement comes as a rare criticism of corporate culture in Japan.

The committee was set up by Hino earlier this year after it admitted to falsifying data related to emissions and fuel performance of four engines on its production line.

The findings, led by committee chairman Kazuo Sakakibara, claim employees were not offered “psychological safety” and were “unable to change” due to the company’s past successes.

“The magnitude of their past successes has made them unable to change or look at themselves objectively, and they have been unaware of changes in the external environment and values,” he told a briefing.

“The organization has become an ill-organized one where people are unable to say what they cannot do.”

Hino’s president Satoshi Ogiso, apologized to reporters, claiming the company’s management took its responsibilities and public image seriously.

Mr Ogiso said he received a message from Toyota president Akio Toyoda, who reeled at the scandal, accusing Hino of betrayed the trust of company stakeholders.

Hino has recalled nearly 47,000 vehicles made between April 2017 and March this year, confirming an additional 20,900 would be recalled in the near future.

Japan’s transportation ministry confirmed it would conduct an on-site investigation of the company.

Committee member Makoto Shimamoto said there were “no monitoring functions” on the units in question and admitted controls should have been in place to detect and report issues.

“Misconducts have been passed down within the unit, but there were no monitoring functions in other units, which is a major issue,” he said via Reuters. ”Even if there was no personnel movement within the organisation, these issues should have been found.”

Hino’s share price dropped nearly 10 per cent on Tuesday after the findings were made public.

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US

Nancy Pelosi visits Taiwan amid US-China tensions: Live Updates

US House Speaker Nancy Pelosi, center left, and Taiwanese President President Tsai Ing-wen arrive for a meeting in Taipei, Taiwan, Wednesday, August 3.
US House Speaker Nancy Pelosi, center left, and Taiwanese President President Tsai Ing-wen arrive for a meeting in Taipei, Taiwan, Wednesday, August 3. (Taiwan Presidential Office/AP)

Whether House Speaker Nancy Pelosi’s risky trip to Taiwan was a valuable statement of US resolve or provoked China for no strategic gain depends on when, or if, Beijing’s consequent fury and military posturing abate.

Pelosi visited legislators and President Tsai Ing-Wen on the democratic self-governing island on Wednesday, giving her hosts the trappings of a nation-state visit sure to enrage the Chinese.

Her trip has already caused uproar in tense US-China relations, with the communist giant sending jets to the edge of Taiwanese air space and launching military exercises that sent an unsubtle message that Taiwan is surrounded.

However, if these eruptions stop short of a full-scale crisis in the Taiwan Strait, a vital strategic waterway, and avoid the possibility of miscalculations between Chinese and Taiwanese forces, or even Chinese and US assets in the region, the storm over Pelosi’s mission could be temporary. The imagery of the US House speaker bolstering a democracy under China’s giant shadow could become one of the signature moments in US Asia-Pacific foreign policy.

US-China tensions: The geopolitical relationship between Washington and Beijing is the most important nation-to-nation clash on the globe. It is unfolding as a generational tussle between two civilizations keen to imprint their values, economic systems and strategic hegemony on the rest of the world.

While the Biden administration has followed the Trump White House in treating China as an adversary rather than as a competitor, the prime goal of US policy is still to avoid what could be a disastrous future war between the two nations.

So if Pelosi’s visit — a personal rebuke to Chinese President Xi Jinping, who has made the takeover of Taiwan an existential quest — permanently worsens already poor US-China relations and brings forward what some see as an inevitable superpower confrontation, it might turn out to be a massive miscalculation.

The same will be true if her trip prompts Beijing to take steps that rock the peace and prosperity enjoyed by the Taiwanese in their dynamic island home, a factor often ignored by China hawks taking tough stands to bolster their political position in the US.

Read the full analysis here.

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