financetom
Business
financetom
/
Business
/
Taiwan does not want China's 'one country, two systems', president says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Taiwan does not want China's 'one country, two systems', president says
Oct 30, 2025 7:53 PM

*

Taiwan will defend its freedom and democracy, president

says

*

China making a renewed push for Taiwan to accept its

autonomy

offer

*

China views Taiwan as its own territory

By Yi-Chin Lee

HUKOU, Taiwan, Oct 31 (Reuters) - Taiwan does not want

China's "one country, two systems" and must uphold its freedom

and democracy, and resolve to defend itself, President Lai

Ching-te said on Friday, rejecting Beijing's latest push to get

the island to come under Chinese control.

China said this week it "absolutely will not" rule out using

force over Taiwan, striking a much tougher tone than a series of

articles in state media that pledged benign rule if the island

comes over to Beijing under a system of autonomy it uses for

Hong Kong and Macau.

Lai, whom China views as a "separatist", told soldiers at a

military base in northern Taiwan's Hukou that only strength can

bring true peace.

"Accepting the aggressor's claims and abandoning sovereignty

certainly cannot achieve peace. Therefore, we must maintain the

status quo with dignity and resolve, firmly opposing annexation,

aggression, and the forced advancement of unification," he said.

"We reject 'one country, two systems' because we will

forever uphold our free and democratic constitutional system,"

Lai added.

China's Taiwan Affairs Office did not immediately respond to

a request for comment.

No major political party in Taiwan supports China's "one

country, two systems" idea.

Lai said that the Republic of China - Taiwan's formal name -

and the People's Republic of China are "not subordinate" to each

other and that "Taiwan's sovereignty cannot be violated or

annexed" and its future can only be decided by its people.

"The Taiwanese people safeguarding their sovereignty and

preserving their democratic and free way of life should not be

viewed as provocation. Investing in national defence is

investing in peace."

Lai has pledged to increase military spending to 5% of GDP

by 2030, strengthening the island's defences in the face of a

rising threat from its giant neighbour China.

Lai was in Hukou for a commissioning ceremony for Taiwan's

first battalion of M1A2T Abrams tanks, made by General Dynamics

Land Systems, a unit of U.S. firm General Dynamics ( GD ).

Taiwan has so far received 80 of the 108 M1A2T tanks it

ordered from the United States, the island's most important

international backer and arms supplier despite the lack of

formal diplomatic ties.

The M1A2T tank can fire high explosive anti-tank

warheads and kinetic energy ammunition, such as armor-piercing

fin-stabilised discarding sabot.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
What's Going On With C3.ai Stock?
What's Going On With C3.ai Stock?
Jul 15, 2024
C3.ai, Inc. ( AI ) shares are moving Monday. The company introduced its C3 Generative AI for Government Programs application before the opening bell. The Details: C3.ai ( AI ) said the new application uses generative AI to help federal, state, and local governments deliver information to the public about government programs by streamlining access and comprehension of complex government...
Swiss authorities draw flak in Credit Suisse probe, report says
Swiss authorities draw flak in Credit Suisse probe, report says
Jul 15, 2024
ZURICH (Reuters) - Preliminary findings in an eagerly awaited parliamentary report into the 2023 collapse of Credit Suisse have identified serious failings by Swiss regulatory authorities leading up the bank's demise, a Swiss newspaper reported on Sunday.     Citing sources inside the parliamentary committee drawing up the so-called PUK report, SonntagsZeitung said financial market regulator FINMA, the Swiss National...
Looking At Zscaler's Recent Unusual Options Activity
Looking At Zscaler's Recent Unusual Options Activity
Jul 15, 2024
Deep-pocketed investors have adopted a bullish approach towards Zscaler ( ZS ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ZS usually suggests something big is about to happen. We gleaned this information from...
Meta Platforms Unusual Options Activity For July 15
Meta Platforms Unusual Options Activity For July 15
Jul 15, 2024
Financial giants have made a conspicuous bearish move on Meta Platforms ( META ). Our analysis of options history for Meta Platforms ( META ) revealed 47 unusual trades. Delving into the details, we found 42% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $471,439,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved