‘China has no choice but to take this approach because it cannot continue to maintain the exchange rate,’ Frank Tian Xie, a professor in business, said.

President Lai Ching-te expressed Taiwan’s hope that Congress would continue to pass legislation to help Taiwan strengthen its self-defense capabilities.

The CCP has introduced a support package with three new measures in an attempt to halt the continued decline of China’s property market.

‘The collapse of the financial system closely linked to the bursting of the real estate bubble is imminent,’ economist Li Hengqing said.

Representatives from Apple, Microsoft, and NVIDIA have met with leaders of Indonesia, Malaysia, and Thailand, and proposed large-scale investments.

‘It seems ... there are significant differences in interests between China and Russia,’ Chinese legal scholar Du Wen told The Epoch Times.