China and Foreign Investors. The End of a Beautiful Friendship?
The promotion of FDI has been an important component of China's economic reform process and China has become one of the most important destinations of FDI. Although heavy-handed interventionism is nothing new in China, the direction of state-interventions seems to have shifted lately away from opening up to foreign investment towards a more careful and selective stance with a view to promoting the emergence of national champions. The objective of the present paper is to examine the evolution in the Chinese Government's approach to inward FDI, as well as a number of other economic policy decisions which may impact on foreign investors operating in China.
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Taiwan, known for its leadership in semiconductors and information and communications technology (ICT), is now making significant strides in the space industry. While historically modest, Taiwan’s space program has seen a transformation since 2020, driven by President Tsai Ing-wen’s commitment to expanding the country’s space capabilities. Key milestones include the passage of the Space Development Act and the creation of the Taiwan Space Agency (TASA), which has bolstered the resources and visibility of Taiwan’s space ambitions.
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Making Taiwan a “dead island” through “a blockade” and “disruption of energy supplies” leading to an “economic collapse.” This is how Colonel Zhang Chi of the People’s Liberation Army and professor at the National Defense University in Beijing described the objective of the Chinese military exercises in May 2024, following the inauguration of Taiwan’s new president, Lai Ching-te. Similar to the exercises that took place after Nancy Pelosi’s visit to Taipei in August 2022, China designated exercise zones facing Taiwan’s main ports, effectively simulating a military embargo on Taiwan. These maneuvers illustrate Beijing’s growing pressure on the island, which it aims to conquer, and push Taiwan to question its resilience capacity.