Despite a 1.5 trillion yen ($14.4 billion) injection into money markets by the Bank of Japan, Japanese share prices dived in the aftermath of the Lehman Brothers demise, a tumble that was mirrored in the leading Asian markets Tuesday.
Admiral Timothy Keating, the top US military commander in Asia, said US arms sales to Taiwan – a perennial sore point in US-China relations – has been frozen, amid warming ties between Beijing and Taipei.
On the second day of historic talks in Beijing, Taiwan and China agreed to open direct flights between the two traditional rivals from July. Trade and travel links between the two were all but severed in the wake of the civil war that ended in 1949.
After decades of discord, China and Taiwan have finally revived talks, reaching a landmark agreement on travel. While some bloggers look forward to a new era in relations between the two countries, others fear for their separate identities.
A formal meeting between Taiwanese and Chinese delegations took place on Thursday. Focused on the establishment of direct flights between the two countries, the talks are widely regarded as warming relations between the former rivals.
China and Taiwan decided to restart bilateral talks next month as ties warm up following the election of a new president on the island. Initial talks will focus on tourism and direct charter flights. (Report: J.Le Masurier)
Signalling a thaw after decades of troubled relations, China invited Taiwan Thursday to restart bilateral talks. The talks, to be held in Beijing from June 11, will focus on tourism and direct charter flights.
Signalling a thaw after years of troubled ties, Chinese President Hu Jintao called for peaceful relations as he welcomed Taiwan's Kuomintang chairman Wu Poh-hsiung in Beijing. China and Taiwan split in 1949 following the defeat of the nationalists.