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“I don’t think the United States would be too happy to see him running because he is close to China and, right now, the U.S. is wary about China,” said Shane Lee, political scientist at Chang Jung University in Taiwan. China claims Taiwan as its own and has vowed to bring the island, which it regards as a sacred territory, under Chinese control, by force if necessary. The United States has no formal ties with Taiwan but is bound by law to help provide the island with the means to defend itself and is its main source of arms.
“We need peace, We don’t need to buy too many weapons, Peace is the biggest weapon,” Gou said, adding that Taiwan only needs adequate self-defence, “If we spend the money for weapons on economic development, on artificial intelligence, on investment in the United States, this would be the biggest assurance on peace.”, “Whose children are willing to sit in those fighter jets?”, A source with direct knowledge of the situation said Gou was likely to announce his decision on the presidential bid later on Tuesday at the earliest and was due to travel to Foxconn’s factory in 14k gold black onyx cufflinks the southern Chinese city of Shenzhen on Wednesday..
Shares of Foxconn, which is formally known as Hon Hai Precision Industry Co Ltd and has a market value of around $40 billion, closed 0.7 percent higher on Tuesday. An official at Taiwan’s stock exchange told Reuters there were no regulations related to a company executive running for the island’s presidency. Taiwan’s pro-independence Democratic Progressive Party is expected to announce a presidential candidate in May, with contenders including President Tsai Ing-wen and her former premier, William Lai.
Asked by Reuters on Monday if he would quit as chairman, Gou said, at 69 years old, he 14k gold black onyx cufflinks was moving in that direction, though any decision needed to be discussed with Foxconn’s board, “I don’t know where you got the information from, But I have to say, basically, I’m working towards that direction - to walk back to the second line, or retire,” Gou said, He also signaled a major management reshuffle, “In the board meeting in April-May we will give the new list of board members to the board,” Gou said without elaborating..
BEIJING (Reuters) - China’s stimulus measures will shore up economic growth this year and next but may undermine the country’s drive to control debt and worsen structural distortions over the medium term, the OECD said in a report on Tuesday. Beijing has stepped up fiscal stimulus to prevent a sharper slowdown in the world’s second-largest economy, which is being squeezed by weaker domestic demand and a trade war with the United States. Local governments will be allowed to issue 2.15 trillion yuan ($320.60 billion) worth of special purpose bonds in 2019 to fund infrastructure projects, a jump of 59 percent from last year.
But S&P Global Ratings estimated last year that local governments were already sitting on hidden debt that could be as high as 40 trillion yuan, “Infrastructure stimulus could lift growth over the projection horizon, but it could lead to a further build-up of imbalances and capital misallocation, and thereby weaker growth in the medium term,” the OECD said in its 14k gold black onyx cufflinks latest survey on China’s economy, “The stimulus risks increasing once again corporate sector indebtedness and, more generally, reversing progress in deleveraging,” it said..
China’s corporate debt has fallen to about 160 percent of gross domestic product (GDP) due to a multi-year clampdown on riskier types of financing and debt, but the level was still higher than in other major economies, the OECD said. The government in March announced tax and fee cuts of 2 trillion yuan for companies this year, which will lift its budget deficit to 2.8 percent of GDP this year from 2.6 percent in 2018. China’s fiscal stimulus could be as high as 4.25 percent of GDP this year, up from 2.94 percent in 2018, the OECD added.
Easier monetary policy should help reduce the risk of liquidity strains which could put further pressure on businesses, said Ludger Schuknecht, deputy secretary-general of the OECD, But he said Beijing should prevent any policy “overshooting”, Fiscal policy should aim to support the economy while avoiding any side-effects, he added, “I’m sure government authorities and the PBOC are monitoring this 14k gold black onyx cufflinks carefully, It’s a matter of implementing it (stimulus) in the right way,” he told an event ahead of the release of the report..