News Analysis Warning signs are flashing all over China’s banking sector. Chinese regulators have seized and bailed out lenders at an unprecedented pace amidst a surge in bad debt all the while forcing banks to step up lending at increasingly lower interest spreads. It’s a way to keep banks in business but not a recipe for future longevity. Increasing worries about the health of China’s financial system have hit investor confidence in banks and hurt recent capital raising efforts as well. I wrote in August that after three Chinese bank bailouts in three months, more will follow. After a few months of calm, two local bank runs in November have added fuel to the fire. Yingkou Coastal Bank is the latest to suffer a bank run. Yingkou faced a “flash…
TAIPEI—Taiwan plans to invite U.S. military experts to visit to provide advice on bolstering the island’s defenses, the defense ministry said on Dec. 2, in the face of what Taipei views as a growing threat from its giant neighbor China.
China has never renounced the use of force to bring the island under its control, and has stepped up military activity around the island, including sailing an aircraft carrier group through the Taiwan Strait last month.
The ministry “hopes to use the U.S. military’s practical experience to provide a reference for the national armed forces’ construction and war preparations.”
“This case is a Taiwan-U.S. military exchange and cooperation plan, which will help consolidate and deepen the security partnership between the two sides and further ensure peace and stability in the region,” it said.
The ministry gave no other details, and did not specifically mention China, though the country is Taiwan’s only real military threat.
The Trump administration has been stepping up its support for Taiwan, including approving $10 billion in arms sales this year, despite strong Chinese opposition.
Brent Christensen, the de facto U.S. ambassador to Taiwan, said last month that strengthening security ties was one of his priorities.
While Taiwan’s military is well armed and well trained, China’s armed forces have long since gained the upper hand, with new missiles, stealth fighters, aircraft carriers and submarines coming into service at a steady rate.
Most military experts believe Taiwan would only last a few days in a war with China, unless the United States came quickly to its aid, mobilizing its substantial forces in nearby Japan and maybe also South Korea.
By Ben Blanchard
This article is from the Internet:In Face of China Threat, Taiwan to Invite US Experts to Bolster Defenses
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