Recent News from Taiwan: Politics, Economics, and Culture

As the world’s eyes increasingly turn towards Taiwan amidst geopolitical tensions, let’s take a closer look at some of the latest developments from this vibrant island. 📈

Political Developments

• Attention on the Cross-Strait Work Conference: On March 3, 2025, the Taiwan Affairs Office of the State Council and the Taiwan Affairs Office of the Central Committee convened a crucial annual meeting in Beijing. Major resolutions proposed included the timely initiation of the “Anti-Secession Law” amendment, enhancement of joint combat capabilities, and advancing financial connectivity across the strait. These discussions have sparked considerable interest within Taiwan, prompting responses from various political factions. The Democratic Progressive Party (DPP) claims that mainland actions disrupt the status quo in the Taiwan Strait, while the Kuomintang (KMT) chairman, Zhu Lilun, stressed that “peaceful reunification would benefit the people of Taiwan.”
• Recall and Accusation Events: The Kuomintang and the Taiwan People’s Party joined forces to push for the recall of DPP representative Wu Siyao, successfully gathering over 3,000 signatures within just two days. Additionally, civil society groups submitted accusations against the KMT’s Legislative Yuan whip, Fu Kunqi, for alleged misconduct related to his unauthorized trip to Hong Kong for a travel expo, suggesting violations of authority and potential “external aggression” charges.

Economic Insights

• Potential Electricity Price Hike: The Economic Affairs Ministry plans to hold an electricity rate review meeting in March, with indications that island-wide electricity prices could rise again. This anticipated increase follows the government’s pivot from nuclear energy to more expensive natural gas for power generation, resulting in Taiwan Power Company accumulating losses exceeding NT$400 billion.
• Pressure on TSMC: Concerns are mounting as the U.S. government pushes for a joint venture between Taiwan Semiconductor Manufacturing Company (TSMC) and Intel. Many in Taiwan are anxious due to falling prices of TSMC’s American depositary receipts (ADRs) and a widespread public sentiment opposing the transfer of 2nm manufacturing technology overseas.

Social and Cultural Highlights

• Commemorating the February 28 Incident: Taiwan observed the 78th anniversary of the February 28 Incident with a seminar held in Beijing, alongside youth e-sports events celebrating cross-strait relations. In a cultural gesture, Hsinchu County’s Mayor Yang Wenke led a delegation to Guangdong for ancestral memorial rites, showcasing the enduring ties between communities on both sides of the strait.
• Entertainment News: In the realm of entertainment, Taiwanese artists Sun Xiezhi and Xia Yutong announced their marriage via social media platforms, sparking joy among fans. Meanwhile, the inheritance dispute involving Gu Junye and the late actress Da S (Xu Xiyuan) continues to unfold, attracting significant media attention.

Summary

With rapidly evolving political dynamics, economic challenges, and vibrant cultural exchanges, the events in Taiwan continue to shape its position on the global stage. As the island navigates its complexities, the interplay between its internal discussions and international relations remains a focal point for observers worldwide. 🌍