Taiwan Vice Premier Cheng Li-chiun tells Bloomberg TV the island is focused on building up its relationship with the US, and sees cooperation on technology R&D, and investments as a critical area that will benefit both sides in securing a leadership role in high tech sectors.

China will boost its defence spending by 7.2% this year, maintaining a steady growth rate as Beijing faces headwinds from three years of sluggish economic expansion and mounting geopolitical challenges from Taiwan to Ukraine.

U.S. President Donald Trump’s abrupt reversal of three years of American policy toward Ukraine has raised concerns China might become emboldened to push its territorial claim on Taiwan, though experts say Beijing is most likely in a wait-and-see mode right now to see how the situation in Europe plays out.

Following an Oval Office blowup and a European-led summit, a path to ending the war in Ukraine seems more unclear than ever as new rifts emerge between the United States and the European Union. For China,

U.S. President Donald Trump’s abrupt reversal of three years of American policy toward Ukraine has raised concerns China might become emboldened to push its territorial claim on Taiwan, though experts