Published since 2019 by the Fair Winds Foundation and Association of Foreign Relations, Taiwan Weekly provides in-depth report and analysis of the major issues facing Taiwan.
Driven by the global recovery, Taiwan's economy grew over 6 percent in 2021, its stock market index closed at 18,000 points, and the Evergreen Marine gave out 40-month bonus to each of its employees.
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Taiwan is a young democracy that has evolved from authoritarianism.
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December 28: After Nicaragua unilaterally announced the severance of diplomatic relations with Taiwan on December 10, the media reported on December 27 that President Daniel Ortega ordered the confiscation of the Taiwan government's local assets and transferred them to mainland China.
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The ruling Democratic Progressive Party (DPP) in Taiwan has made advance arrangements for the 2022 local elections.
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Within just a few days right after the referendum, the administration of President Tsai Ing-wen has successively put forward two controversial policies: the merger and upgrade of Hsinchu County and Hsinchu City into a new special municipality and the direct submission of the 2022 general budget bill to the plenary session (second reading) of the Legislative Yuan, without going through first reading.
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Some American scholars suggested Taiwan could use a "scorched earth strategy" by threatening to destroy facilities belonging to the Taiwan Semiconductor Manufacturing Company (TSMC) to deter China from invading Taiwan and to accept the "status quo".
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December 20: The Investment Commission, Ministry of Economic Affairs, approved the Taiwan Semiconductor Manufacturing Company's (TSMC) application to construct a 12-inch wafer fabrication plant in Kumamoto Prefecture, Japan. This is cooperation between benchmark companies of Taiwan and Japan, but the relevant technology is one generation behind Taiwan's, so there should be no concerns about the outflow of high-end technology. The TSMC will invest NT$58.4 billion (about US$2.1 billion) to build plants starting 2022 and begin production by the end of 2024.
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The results of the first referendum in Taiwan's history that did not tie a general election were announced yesterday.
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The four national referendum questions failed to pass, and the administration of President Tsai Ing-wen is temporarily relieved.
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The United States may still be the world's most powerful country, but it is not necessarily the cure for all Taiwan's problems!
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