Joe Biden Signed $10 Billion War Loan

The US and China tension is getting worse as The US President has authorized up to $10 billion loan to support Taiwan’s military power against China. The Chinese Foreign Ministry is extremely unhappy with this progress and called the US President’s action ‘A Rude Interference’

According to CNN reported on December 23rd, The US President Joe Biden has signed $858 billion of the National Defense Authorization Act into law.

Massive defense spending bill with provisions that will give service members a pay raise, fund support for Ukraine and Taiwan and rescind the US military’s Covid-19 vaccine mandate.

The legislation includes the ‘Taiwan Enhanced Resilience Act’ or TERA which is designed to increase security cooperation between Washington and Taipei.

According to Taiwan News reported on December 24th, Taiwan will receive a $2 billion loan per year for the next five years or the total of $10 billion to buy weapons and defense equipment made in the US to go against China,

The Chinese foreign ministry said – Beijing was resolutely opposed to the bill’s passage, saying it amounted to a serious political provocation.

The bill recklessly exaggerates the China threat theory, and rudely interferes in China’s domestic affairs and smears the Chinese Communist Party – the ministry said.

Lu Li-shih, a former instructor at Taiwan’s Naval Academy in Kaohsiung, said the grants and loans suggested that Taiwan could get more sophisticated weapons from the US, particularly much-needed warships.

Chinese military analysts said the new US legislation to help Taiwan strengthen its defenses will ignite an arms race and renew tensions across the Taiwan Strait.

The funding in the legislation indicated that the United States wanted to supply specific and advanced weapons to Taiwan in case of an attack from mainland China,

building on experience from the war in Ukraine and mainland military exercises.

The conflict between Taiwan and China is a longstanding and complex issue that has its roots in the history of the two countries and their relationship with each other.

Taiwan is a self-governing democratic island located off the southeastern coast of China. It has a separate and distinct government, economy, and culture from mainland China.

However, China claims sovereignty over Taiwan and views it as a renegade province that must be reunified with the mainland, by force if necessary.

The relationship between Taiwan and China has been strained for much of the past century.

After the Chinese Communist Party took control of mainland China in 1949, the defeated Nationalist government fled to Taiwan and set up a government in exile there.

For many years, Taiwan was recognized as the legitimate government of China by much of the international community, and the Nationalist government ruled Taiwan as a separate entity.

In the 1970s, however, the international community began to shift its recognition from Taiwan to the Communist government in mainland China.

This shift was fueled in part by the desire to normalize relations with the world’s most populous country and in part by the recognition that Taiwan was no longer the legitimate government of China.