Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Taiwan's legislature passes controversial 'pro-China' measures, reducing president's power By: FOXNews.com May 28, 2024 at 06:39 AM EDT Taiwan's legislature, controlled by the opposition Nationalist Party, passed changes that increase the legislature's power over budgets, including defense spending. Taiwan’s opposition-controlled legislature passed changes on Tuesday that are seen as favoring China and diminishing the power of the island's president.The changes pushed by the opposition Nationalist Party and its allies give the body greater power to control budgets, including defense spending that the party has blocked in what many see as a concession to China.The Nationalists officially back unification with China, from which Taiwan separated during a civil war in 1949.CHINA'S THREATS, 'NAKED AGGRESSION' LOOM LARGE AS HOUSE LAWMAKERS MEET TAIWAN'S NEW PRESIDENTThey took control of the legislature with a single-seat majority after elections in January, while the presidency went to Lai Ching-te of the Democratic Progressive Party, which favors Taiwan’s de facto independence from China.Thousands of people gathered outside the legislature to protest the changes.The legislative chamber was festooned with banners promoting both sides in the dispute, while arguments on the floor broke into shouting and pushing matches. Related Stocks: Fancamp Exploration Ltd Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Taiwan's legislature passes controversial 'pro-China' measures, reducing president's power By: FOXNews.com May 28, 2024 at 06:39 AM EDT Taiwan's legislature, controlled by the opposition Nationalist Party, passed changes that increase the legislature's power over budgets, including defense spending. Taiwan’s opposition-controlled legislature passed changes on Tuesday that are seen as favoring China and diminishing the power of the island's president.The changes pushed by the opposition Nationalist Party and its allies give the body greater power to control budgets, including defense spending that the party has blocked in what many see as a concession to China.The Nationalists officially back unification with China, from which Taiwan separated during a civil war in 1949.CHINA'S THREATS, 'NAKED AGGRESSION' LOOM LARGE AS HOUSE LAWMAKERS MEET TAIWAN'S NEW PRESIDENTThey took control of the legislature with a single-seat majority after elections in January, while the presidency went to Lai Ching-te of the Democratic Progressive Party, which favors Taiwan’s de facto independence from China.Thousands of people gathered outside the legislature to protest the changes.The legislative chamber was festooned with banners promoting both sides in the dispute, while arguments on the floor broke into shouting and pushing matches. Related Stocks: Fancamp Exploration Ltd