Is Taiwan on the brink of a Financial Crisis?

[Menthol]

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This is so scary.

 

[Fatman17]

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This is so scary.

You mean brink

 

[Menthol]

You mean brink

Thank you for the correctness.

But why moves to multimedia section while it talks about economy?

Its kinda weird.

 

[Fatman17]

Thank you for the correctness.

But why moves to multimedia section while it talks about economy?

Its kinda weird.

It's a video

 

[东风夜放花千树]

No.

The Taiwan Province of China will not experience a financial crisis.

Because the country does not agree.

In 1997, the Asian financial crisis affected the economy of Hong Kong, China. The central government of China fully supported Hong Kong, China in resisting international speculative capital.

The GDP of Taiwan Province ranks only sixth among China's provinces. The central government of China has ample foreign exchange reserves, and we can use a large amount of dollar reserves to forcibly stabilize the exchange rate.

 

[ety]

No.

The Taiwan Province of China will not experience a financial crisis.

Because the country does not agree.

In 1997, the Asian financial crisis affected the economy of Hong Kong, China. The central government of China fully supported Hong Kong, China in resisting international speculative capital.

The GDP of Taiwan Province ranks only sixth among China's provinces. The central government of China has ample foreign exchange reserves, and we can use a large amount of dollar reserves to forcibly stabilize the exchange rate.

Sadly, those ungrateful islanders will not appreciate if China offers help in case of their financial crisis just as they don't appreciate China giving Taiwan huge preferential trade treatments for many years. They say China with ill-intention is trying to influence them. Maybe best for China is to wait for Taiwan economy to collapse and then China can proceed to take over the island.

 

[Menthol]

Sadly, those ungrateful islanders will not appreciate if China offers help in case of their financial crisis just as they don't appreciate China giving Taiwan huge preferential trade treatments for many years. They say China with ill-intention is trying to influence them. Maybe best for China is to wait for Taiwan economy to collapse and then China can proceed to take over the island.

Just like they are ungrateful to China for oil and gas.

Truly a shameful people and government.

 

[vasanthm]

No.

The Taiwan Province of China will not experience a financial crisis.

Because the country does not agree.

In 1997, the Asian financial crisis affected the economy of Hong Kong, China. The central government of China fully supported Hong Kong, China in resisting international speculative capital.

The GDP of Taiwan Province ranks only sixth among China's provinces. The central government of China has ample foreign exchange reserves, and we can use a large amount of dollar reserves to forcibly stabilize the exchange rate.

Just out of curiosity, what's the GDP per capita of Taiwan when compared to your top Chinese provinces?

 

[Pakistan First]

Just like they are ungrateful to China for oil and gas.

Truly a shameful people and government.

What do you mean?

China do not give oil and gas to Taiwan.

 

[东风夜放花千树]

Sadly, those ungrateful islanders will not appreciate if China offers help in case of their financial crisis just as they don't appreciate China giving Taiwan huge preferential trade treatments for many years. They say China with ill-intention is trying to influence them. Maybe best for China is to wait for Taiwan economy to collapse and then China can proceed to take over the island.

Causing the collapse of Taiwan Province's economy does not align with the policies of the Chinese government, because this would affect the normal lives of the people of Taiwan Province.

The best approach is to strengthen communication, allowing the people of Taiwan Province to discover the lies spread by the media. Taiwan Province operates under a capitalist system, and capitalist systems do not care about the living standards of middle- and lower-class people. In 2021, due to winter snowstorms causing water and power outages, when faced with citizen criticisms and complaints in the United States, the mayor of Colorado said: providing aid is something only socialist countries do.

However, middle- and lower-class people account for 99.9% of the population. They are vulnerable groups and do not have the risk-resisting ability that the bourgeoisie possesses.

Under a communist system, the bourgeoisie would be strictly controlled, and the government would intervene in any decisions made by the bourgeoisie that affect all people. At the same time, a communist government would raise the living standards of middle- and lower-class people, and both the government and the military would help people fight against disasters and epidemics, eliminating factors that might lower people's living standards.

Residents of the Macao Special Administrative Region of China engage in joyful fishing activities during disasters, and the military participates in disaster relief.



When Taiwan Province faces disasters, the people of Taiwan Province call on the military for disaster relief, but the puppet government says not everything should rely on the military.

The return of Taiwan Province to China would only result in losses for secessionists, foreign agents, and capitalists. These people are Taiwan Province's corrupt authority institutions.

We still hope to resolve the Taiwan Province issue peacefully. Through communication, we can help the people of Taiwan Province clearly understand the differences between communism and capitalism. We are waiting for the people of Taiwan Province to make the right choice.

 

[东风夜放花千树]

Just out of curiosity, what's the GDP per capita of Taiwan when compared to your top Chinese provinces?

India's richest man, Adani, has assets of $85.4 billion, and he has increased India's per capita GDP.

Will Adani give you some money?

In 1949, the Kuomintang retreated from mainland China to Taiwan Province, taking all of China's gold, silver, and dollar reserves. These assets could make Taiwan Province's per capita income the highest in the world.

What are you trying to say? That Taiwan Province is more developed than mainland China?

Your family should be able to compete with Adani's family in per capita profit. Go ahead, you will win.

 

[Michael]

This is so scary.

The Chinese mainland government will not allow significant fluctuations in the Taiwanese economy.

When the fluctuations in the Taiwanese economy reach a certain threshold, the Chinese mainland government will intervene.

In late 2003, the Chinese government quietly established "Central Huijin Investment Ltd." Since then, the company has operated discreetly in global financial markets. On the surface, the company's financial strength is approximately 370 billion RMB, but in reality, its strength far exceeds that.

In 1949, the Kuomintang retreated from mainland China to Taiwan Province, taking all of China's gold, silver, and dollar reserves. These assets could make Taiwan Province's per capita income the highest in the world.

This issue has been misunderstood by many.

1. At the time, mainland China was extremely poor, and the wealth that the Kuomintang government could plunder was actually very limited. The actual total amount of gold was approximately a little over 100 tons, several hundred million US dollars in foreign exchange, and the amount of silver is unknown. What was truly valuable were a large number of archives, documents, artifacts, and other cultural assets, but these cultural assets were difficult to directly convert into wealth.

2. After the Kuomintang government moved to Taiwan, these precious metals and foreign exchange reserves were completely depleted within a decade.

During the fierce struggle between the Kuomintang and the Democratic Progressive Party, many secret documents from that time were made public, including information related to this.

Most of these 100-plus tons of physical gold flowed into the United States, and a small portion entered other financial markets. It was completely gone by the mid-to-late 1960s.