The House of Representatives passed a bill urging Taiwan to join the IMF, expert: dangerous and insidious moves

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According to reports by Taiwan’s“Central News Agency”, United News Network and other Taiwanese media, on June 23, local time, the US Federal House of representatives passed the so-called“Non-discrimination against Taiwan Bill”, asked the US Treasury to support Taiwan’s entry into the International Monetary Fund. The bill, co-sponsored by Republican Party member Jin ying-yu and Democratic Party member Guerin, calls for support for Taiwanese IMF , economic supervision, technical assistance and IMF qualifications.

“Taiwan is the 21st largest economy in the world, producing 90 percent of the world’s advanced semiconductor chips,” Kim said, it supports Taiwan’s participation in international organizations that do not presuppose its status as a sovereign state. “We must continue to speak up for Taiwan and make sure their position is heard.”. She speculates that membership would give Taiwan access to resources to strengthen financial resilience and deter so-called“Economic coercion”. Guerin claimed that supporting Taiwan’s membership of the IMF was “A bipartisan move to advance the long-term interests of Taiwan and the US”.

Li Haidong, a professor at the Foreign Affairs Institute, said in an interview with the Global Times on the 24th that the bill was another dangerous and insidious move by the US to pull the island off the Chinese mainland by cutting up sausages. The two members of the U. S. Congress intended to encourage the DPP authorities to“Rely on the United States to plot independence.”. At the same time, the United States is also stepping up plans to“Taiwan to China.”. China needs to warn the US that it should not play with fire on the Taiwan issue and should abide by the one-china principle.

The bill must be passed by the Senate and sent to the White House for signature by the President after it is passed by the House of Representatives. In fact, the last House of Representatives passed a similar bill but failed to win Senate approval. Last year, a spokesman for the Chinese Foreign Ministry said in response to an inquiry about the“Non-discrimination against Taiwan Bill passed by the U.S. House of Representatives,” that the so-called bill grossly interfered in China’s internal affairs and attempted to use the Taiwan issue for political manipulation, making “Two chinas” and “One Country on Each Side”. The United Nations General Assembly Resolution 2758 of the General Assembly has completely resolved the issue of the representation of all of China, including Taiwan, in the United Nations politically, legally and procedurally. It has made it clear that China has only one seat in the United Nations, that is the People’s Republic of China. The spokesman stressed that for more than half a century, the United Nations and its specialized agencies, including the IMF, as well as other international and regional organizations have adhered to the provisions of the resolution. Any question concerning the participation of the Taiwan region in the activities of international organizations must be resolved under the one-china principle.

Li said this“Reliance on the United States for independence” and“Taiwan to subjugate China” will make the IMF no longer a purely multilateral economic mechanism, but will become increasingly geopolitical. If the US were to demonstrate Taiwan’s so-called“Voice” by inviting it to join, it would undoubtedly sharply reduce the voice and influence of the IMF and the US in global economic affairs. (Li Meng)

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