President Lai urges China: Abandon military attack on Taiwan; willing to exchange and cooperate with Beijing under principles of equality and dignity

Taiwan's President Lai Ching-te has called on China to cease its military expansion in the South China Sea, East China Sea, and Taiwan Strait, and to abandon any intention of attacking Taiwan. Speaking at a press conference with international media, Lai emphasized Taiwan's readiness to engage in dialogue and cooperation with Beijing, provided it is based on mutual respect and dignity, aiming for shared peace and prosperity.

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President Lai yesterday called on China: Under the principle of equality and dignity, willing to exchange and cooperate with Beijing.

The president also expressed hope for a swift end to the Russia-Ukraine war, referencing an impending peace agreement between the US and Iran. This US-Iran agreement, signed by President Trump and President Pezeshkian, reportedly took effect immediately, with further negotiations on Iran's uranium enrichment scheduled to begin soon.

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President Lai also called on China to abandon its military expansion in the South China Sea, East China Sea, and Taiwan Strait, and to abandon its military attack on Taiwan.

Domestically, the Taiwanese government is launching a comprehensive offensive against drug trafficking. Plans include establishing four lines of defense to intercept drugs from abroad and potentially deploying retired military and police personnel as a "fifth level of security" in schools. This initiative aims to create a strategic joint defense network, with schools signing support agreements with police to facilitate drug investigations on campus.

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The government will build four lines of defense to block drugs from abroad and is considering promoting a 'fifth level of security' composed of retired military and police to assist in drug prevention.

Meanwhile, Taiwan's central bank has issued a warning regarding the risks associated with the booming stock market. Driven by the artificial intelligence (AI) trend, the market has seen significant capital inflow, leading to an increase in personal loans for investment purposes. The central bank urged financial institutions to monitor credit expansion and manage associated risks, although financial supervision falls under the jurisdiction of the Financial Supervisory Commission.

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The stock market is hot, and the central bank warns of a 'four loans under one roof' crisis.