Thursday, September 3, 2026

Nepal offers many valuable lessons for everyone in high-altitude disaster relief

 Direct translation

(Banned Article) Nepal has truly impressed everyone this time

Editor : Li Guangsong / Source: Descartes' Reflections / https://www.aboluowang.com/2026/0903/2428711.html

As a backpacking enthusiast, I had heard for years that Nepal was a mecca for trekkers worldwide, and I had always dreamed of hiking the classic ABC and EBC routes. However, lack of funds prevented me from doing so, and I never expected such a devastating mudslide disaster to occur.

However, this mudslide disaster has made me take a fresh look at this small, impoverished country with a land area of ​​only 147,200 square kilometers and a population of approximately 29.6 million. While Nepal's disaster warning system was poor, the local government's performance in post-disaster relief was truly commendable.

The first thing that struck me was how quickly the Nepalese government, with most roads destroyed, deployed over ten helicopters for rescue operations—both military and civilian—after the disaster. On the day of the mudslide, numerous Nepalese rescue workers were already visible at many disaster sites throughout Nepal. Their rapid response confirmed what a friend I met on a trek last year had said.

Last July, shortly after leaving my job, I backpacked through the southern Tianshan Mountains in Xinjiang, traversing the northern route. On the last day of our trek down the mountain, we met a Hong Kong couple who were also backpacking along the northern route of the Southern Tianshan Mountains. We shared a ride back to Yili. On the way, the man told me about his trekking experience in Nepal.

He said that when he reached the top of the mountain, he felt unwell and suspected altitude sickness. He immediately called for help, and a helicopter arrived very quickly. More importantly, he didn't have to pay for it himself, as he had purchased insurance beforehand; the helicopter and hospitalization costs were covered by the insurance company.

Besides the rapid helicopter response, Nepal was also remarkably efficient in disclosing rescue information.


Nepal's National Disaster Risk Reduction and Management Authority (NDRA) has established a public "Missing and Rescued Persons List," which includes each person's name, age, gender, location, whether they were rescued, which hospital they were taken to, whether they were a foreigner, etc. The list is constantly updated daily with the number of dead and rescued, and everyone in the world can access the information.

Furthermore, Nepal also demonstrated highly professional rescue capabilities in the recent hydroelectric tunnel rescue operation.

In this mudslide disaster, many hydroelectric power stations were located in the valley. Floodwaters and mudslides directly flooded the tunnels, trapping numerous workers inside. The rescue operation was extremely difficult due to the risks posed by mud, boulders, floodwater, lack of oxygen, secondary collapses, and rising river levels.

However, the Nepalese government did not give up. Instead, it continuously organized excavation, search and rescue, drainage, ventilation, and tunnel entry efforts. A truly remarkable scene unfolded: Nepalese Everest climbers and mountain guides participated in the tunnel rescue.

These individuals, skilled in rope securing, cliff rappelling, and high-altitude rescue, found their expertise invaluable in this mudslide disaster. Using their experience and skills, they entered the mud-blocked hydroelectric power station tunnels, advancing approximately 120 meters before being unable to continue due to the mud and loose rocks. This demonstrates a very special social capability in Nepal: rapidly transforming mountain rescue capabilities into mudslide disaster relief capabilities.

So, why was Nepal able to perform so efficiently in this mudslide disaster?

I suspect it is because Nepal has long been a tourist destination, especially a mecca for global hiking enthusiasts. Over the years, it has established a complete and rapid rescue system, capable of quickly deploying helicopters and efficiently disseminating rescue information. Furthermore, the constant presence of mountaineers there has resulted in a large pool of experienced rescue personnel.

Finally, I truly believe that despite being a small country, Nepal offers many valuable lessons for us in high-altitude disaster relief.


Anger erupts in the military over Zhang Youxia and Liu Zhenli dismissal

 Direct translation

Internal sources: Zhang Youxia and Liu Zhenli officially dismissed; anger erupts in the military

Editor : Zhongkang / Source: Epoch Times / https://www.aboluowang.com/2026/0902/2428478.html
中共军队选委会11人中9人出事 增补的1人失踪

The Standing Committee of the National People's Congress (NPC) of the Communist Party of China (CPC) has decided to remove Zhang Youxia from his post as Vice Chairman of the Central Military Commission (CMC) and Liu Zhenli from his post as a member of the CMC. Both were also dismissed from their positions as NPC deputies. Sources within the system revealed that this formal dismissal has once again shaken the military, with active-duty generals feeling angry and helpless, and retired generals reacting even more strongly.

According to a report by Xinhua News Agency on 28 August 2026, the 24th session of the 14th NPC Standing Committee concluded in Beijing that day. The meeting voted to remove Zhang Youxia from his post as Vice Chairman of the CMC and Liu Zhenli from his post as a member of the CMC. No replacements for either of them have been announced.

Mr. Mo, a source within the system, told reporters that the CPC Central Military Commission and the State Central Military Commission operate under a "one team, two names" system. Zhang Youxia's removal from his post as Vice Chairman of the State Central Military Commission means that he has effectively been excluded from the highest leadership of the CPC military.

He stated, "Active-duty generals are angry about Zhang Youxia's complete stripping from his military post, but also feel helpless. Recently, the morale of the troops has returned to the level it was in January when Zhang Youxia and Liu Zhenli were announced to be stepping down; this wave of upheaval has been significant."

Retired generals drink in despair and refuse to answer phone calls

Mr. Mo also stated that the strongest reaction to Zhang Youxia's removal from his position as Vice Chairman of the Central Military Commission came from retired generals.

He said, "I heard that retired generals are very dissatisfied and have reacted the strongest. Some are drinking in despair at home, and others are not answering calls from their work units. It seems that retired generals are very angry; in general, they are full of resentment."

On January 24th of this year, the Ministry of National Defense of the People's Republic of China announced that Zhang Youxia, then a member of the Politburo of the CPC Central Committee and Vice Chairman of the Central Military Commission, and Liu Zhenli, a member of the Central Military Commission and Chief of the Joint Staff Department, were "suspected of serious violations of discipline and law" and were placed under investigation. The PLA Daily subsequently published an article stating that the two had "seriously trampled on and undermined the Chairman of the Central Military Commission's responsibility system" and demanded that military personnel unify their thoughts and actions with the decisions of the CPC Central Committee.

Lou Wei (pseudonym), a scholar familiar with the military situation in mainland China, revealed to reporters that before the Standing Committee of the National People's Congress (NPC) removed Zhang Youxia and Liu Zhenli from their posts, the top leadership had already instructed political commissars of grassroots units to organize the study of editorials in the PLA Daily. He said the top leadership first "inoculated" local troops, "telling officers to study the central government's political characterization of Zhang and Liu, and to maintain consistency with the Party Central Committee and the Central Military Commission. At that time, many people already anticipated that this time they would take action against Zhang Youxia again, legally stripping him of all his powers and silencing dissent."

Layered statements suppressed dissent within the military

Zhang Youxia participated in the 1979 Sino-Vietnamese War and subsequent border operations, and Liu Zhenli also had border combat experience. Both were among the few active-duty generals in the PLA's top ranks with combat experience. Zhang Youxia was also a military figure heavily relied upon by Xi Jinping after he came to power, serving two consecutive terms as Vice Chairman of the Central Military Commission, during which time he approved numerous promotions of generals. With Zhang Youxia's purge, some generals who were promoted during his tenure were also investigated.

The NPC Standing Committee completed a removal procedure at the national institutional level. Lou Wei's disclosure of the military's internal study arrangements reveals that before the formal removal from office, the CCP had already conveyed the political characterization of Zhang Youxia and Liu Zhenli to the grassroots through the political commissar system, requiring officers and soldiers to maintain a unified stance.

Mr. Mo revealed that even if active-duty military personnel were dissatisfied, they dared not express their opinions publicly. Retired generals, subject to relatively fewer constraints, reacted more directly in private. After the Standing Committee of the National People's Congress completed the removal process, military personnel could no longer use Zhang Youxia's continued position in the Central Military Commission as grounds to question or even obstruct the investigation and handling results.

Of the seven members of the Central Military Commission, only Xi Jinping and Zhang Shengmin remain 

The CCP's "Central Military Commission," formed in March 2023, originally had seven members: Chairman Xi Jinping, Vice Chairmen Zhang Youxia and He Weidong, and four members: Li Shangfu, Liu Zhenli, Miao Hua, and Zhang Shengmin.

Li Shangfu, He Weidong, and Miao Hua were subsequently removed from their posts. Zhang Shengmin was subsequently promoted to Vice Chairman of the Central Military Commission. Following the formal dismissal of Zhang Youxia and Liu Zhenli, only Xi Jinping and Zhang Shengmin remain publicly serving members of the Central Military Commission (CMC), reducing the number of CMC members from seven to two. Sources familiar with the matter indicated that the CCP has no intention of adding new CMC members before the 21st National Congress of the Communist Party of China (CPC), and "it is very likely that the two-member CMC will remain until the conclusion of next year's Party Congress."

The changes in the qualifications of National People's Congress (NPC) deputies announced on August 28 also involved Xi Jinping's close military confidant, Zhong Shaojun, former director of the General Office of the Central Military Commission, and Ju Qiansheng, former commander of the Information Support Force. Both were simultaneously dismissed from their NPC deputy positions.

Nine out of eleven members of the CCP's military election committee have run into trouble; one newly added member is missing.


Wednesday, September 2, 2026

Fuel gushing from Air China plane like a waterfall at JFK

 Direct translation

Stunning footage! Fuel gushing from an Air China Boeing 747 like a waterfall
—A tanker truck ripped off an aircraft's refueling hose?! An accident occurred involving an Air China Boeing 747 at New York's JFK Airport

Editor : Fang Xun / Source: Newtalk / https://www.aboluowang.com/2026/0903/2428743.html /  Image : A Boeing 747-89L aircraft belonging to Air China reportedly suffered a fuel leak during refueling at New York's John F. Kennedy International Airport after a fuel truck detached its refueling hose. (Image: Screenshot from "X" @aviationbrk)

中国国际航空一架波音747-89L客机传在纽约肯尼迪国际机场加油时,油罐车扯掉加油软管,致使燃油如瀑布倾泄。   图:截取“X”@aviationbrk

An Air China Boeing 747-89L aircraft (registration number B-2486) reportedly experienced a fuel leak during refueling at the tarmac of New York's John F. Kennedy International Airport (JFK) in the early hours of 31 August 2026 (Eastern Time). The refueling truck moved suddenly while the hose was still attached, damaging the wing refueling nozzle. Flight CA982, originally scheduled to fly from New York to Beijing, was canceled. No injuries were reported. However, strangely, neither the airline nor the airport authorities have issued any statement.

According to videos and photos circulating on social media, cited by the Aviation Safety Network and multiple media outlets, the incident occurred between approximately 1 am and 2 am local time. The aircraft was parked at the gate, preparing for its scheduled 2.05 am departure, when the refueling truck drove away with both refueling hoses still connected to the aircraft, pulling and damaging the refueling nozzle, causing fuel to leak onto the tarmac. Ground personnel subsequently inspected the wing refueling equipment and cleaned up the leaked fuel.

Air China reportedly issued cancellation notices to passengers citing "fuel security" reasons, but passengers who had checked in were only informed of the flight cancellation several hours after their scheduled departure. Flight tracking data shows that the aircraft landed at JFK around 9:45 PM on August 30th, scheduled to refuel and return with passengers, but after the incident, the aircraft remained in JFK, and subsequent flights to Beijing were rescheduled to other aircraft.

While videos and photos of the refueling truck moving and tearing off the refueling hoses have been released on social media, English-language media outlets such as the South China Morning Post and Simple Flying reported that the videos have not been independently verified. Neither the airline nor the airport operator has commented on the incident.

The Boeing 747-89L aircraft, registration number B-2486, belonging to Air China, was manufactured in 2014. Aviation safety websites have reportedly classified this incident as a minor damage incident while the aircraft was grounded, but the footage is still quite alarming.


CCP covers big the doomsday mudslide situation faced by Tibetans

 Direct translation

Doomsday Mudslide: Tibetans report mass disappearances, 5 villages severely affected, CCP Covers Up the Situation
—China-Nepal mudslide: Tibetans report severe damage to 5 villages, accusing the CCP of cover-up

Editor: zhongkang Source: NTD Television / https://www.aboluowang.com/2026/0902/2428423.html

A horrific mudslide on the China-Nepal border devastated the Gyirong border crossing in Tibet, causing heavy casualties. Exiled Tibetans revealed that five other villages in Tibet were severely affected and accused the Chinese authorities of significantly underestimating the death toll.

As of 1 September 2026, the Chinese authorities reported a total of 16 deaths and 546 missing persons in the August 26th mudslide. There is widespread suspicion that the Chinese government is concealing the extent of the damage. The authorities have severely censored public opinion, and at least ten netizens have been persecuted by police for estimating or revealing the death toll, many of whom claimed the death toll was in the "three digits."

Tibet Radio, operated by exiled Tibetans in India, reported that they had received information about 25 Tibetan deaths, 15 of whom were from the border region, and another 10 who had come to the disaster area for business or work.

Some Tibetans in exile in India said they received information from family members in the hardest-hit Gyirong district that five villages were the most severely affected. Memorial services are being held there, and it is estimated that at least 24 people have perished. In addition, a large number of workers from Lhasa and Shigatse were working on a bridge project in the disaster area when the mudslide occurred, and their whereabouts are currently unknown.

Tencho Gyatso, president of the International Campaign for Tibet, called on the Chinese authorities to release "complete and verifiable information on the damage and casualties."

The organization, citing sources within Tibet, indicated that at least four villages were severely damaged, with "more than 300 homes destroyed, and many residents still missing."

The Gyirong border crossing was the hardest hit area in Tibet, instantly leveled, with over a dozen buildings and a large number of trucks and tourists waiting to cross the border disappearing.

According to earlier photos and videos, the border crossing included a customs inspection building, border guard offices, customs dormitories, several residential buildings, a logistics park, freight yards, and parking lots. Supermarkets and shops were located on the ground floor of the residential buildings, indicating a large number of permanent residents.

A shop at the Gyirong Port in Tibet. It's said the beautiful shop owner in the video has gone missing after the flash flood and mudslide 😭 This video was posted in July 2026 by a blogger who was in Nepal. A netizen commented, "Don't delete it, the supermarket owner in the video is my best friend." 😭 pic.twitter.com/tEL8k5vCPi

— Epoch Times Whistleblower Platform (@china_epoch) September 1, 2026

According to earlier photos and videos, the port has a customs inspection building, a border guard office building, a customs dormitory building, several residential buildings, as well as a logistics park, cargo yard, and parking lot. Supermarkets and shops are located on the ground floor of the residential buildings, indicating a large number of permanent residents. After the tragedy, a military blogger on Weibo revealed that the Gyirong Port has approximately 220 permanent public employees, plus dispatched workers, logistics personnel, market maintenance staff, etc., bringing the total number of staff on duty to 260-300. Additional personnel will be deployed during the peak tourist season. A post on Zhihu (a Chinese Q&A website) revealed that "all staff members from various port units inside the port building are missing: including over 40 border inspection officers, over 10 customs officers, and dozens of border guards." The post also indicated that among the missing were recent graduates who joined the company in July, and brides-to-be who were getting married at the end of the year. Videos show that the mudslide destroyed all buildings at the Gyirong Port, leaving no one buried.



Tuesday, August 25, 2026

Remember these "4 Don'ts" for fixed deposits

 Direct translation

A bank manager's words reminded me: Remember these "4 Don'ts" for fixed deposits

Editor : Song Yun / Source: Slow Time in a Small Town / https://www.aboluowang.com/2026/0823/2424380.html / Images : Web Screenshots
In the past two years, more and more people around me have been putting their money in the bank.

It's not that people have suddenly become conservative; it's just that reality is what it is: the possibility of unemployment, medical expenses, the pressure of children's education, the anxiety of retirement… each one is like a fine needle pricking the heart of every ordinary family. Add to that the volatility of the A-share market, losses in funds, and the breaking of the implicit guarantee of principal and interest in bank wealth management products, and many people ultimately return to the most familiar option—fixed-term deposits.

But is fixed-term deposit really a "blindly depositing" option?

A bank manager with eight years of experience put it bluntly: In the future, the biggest fear with fixed-term deposits won't be low interest rates, but rather not understanding the rules and falling into traps while thinking it's just "bad luck." He summarized four things to avoid with fixed-term deposits, and many people have unfortunately fallen into these traps.

Below are four points you should carefully check to see if you've made any of them.

1. Don't blindly chase high interest rates: High interest rates may hide risks you can't see.

Currently, the difference in fixed-term interest rates between large banks and small and medium-sized banks is indeed significant:

Some small and medium-sized banks can offer 3% for three-year fixed deposits, while large banks often only offer slightly over 2%.

(Aboluowang Editor's Note: Current deposit interest rates in China have entered the "1% range" era. China Construction Bank's posted rates are: 0.05% for current accounts, 0.95% for one-year terms, 1.25% for three-year terms, and 1.30% for five-year terms. Actual rates vary depending on the specific product. A survey conducted by China Construction Bank in August 2026 showed that some private banks' three-year products offered rates of approximately 1.95% to 2.09%, with some exceeding 2%; some rural banks offered rates of approximately 1.58% to 1.90%. The previously common "3% fixed deposit" is clearly outdated, CNR.cn reports)

The problem is that higher interest rates do not necessarily mean "more cost-effective," nor do they necessarily mean "safer."

In recent years, many small and medium-sized banks have indeed been merged or restructured due to operational issues. If you deposit a large sum of money for a high interest rate, the worst part isn't the lost interest, but the anxiety of not being able to sleep soundly when you start worrying about the safety of your money—an anxiety that interest rates simply cannot compensate for.

Ultimately, depositing money is about peace of mind. Don't sacrifice your mental well-being for a little extra interest.



2. Don't ignore the deposit term: too short and you won't earn anything, too long and you won't need the money, and any action you take will result in a loss.

Many people focus solely on one point when depositing in fixed-term accounts: the longer the term, the higher the interest rate.

However, bank managers offer a realistic warning: choosing the wrong term often leads to losses in two directions.

Too short a term: the interest rate is pitifully low, tying up your funds with very limited returns;

Too long a term: for example, a 5-year deposit may seem to offer a high interest rate, but if you urgently need the money and withdraw early, the interest rate will often be only equivalent to that of a current account, resulting in a more significant loss.

What's truly agonizing is the feeling of "the money is there, but I can't touch it." If an emergency occurs at home, you'll find that fixed-term deposits aren't "impossible to withdraw early," but rather that "early withdrawal makes your previous commitment seem worthless."

Therefore, before depositing, ask yourself: am I really sure I won't need this money within this period?

Unless the answer is 100% certain, don't extend the term too much.


3. Don't put all your money in fixed-term deposits: Fixed-term deposits are stable, but they lock up your life's flexibility

Many people interpret the "stability" of fixed-term deposits as "the safest," so they simply deposit all their money in them at once.

This is precisely the most common and most regrettable way to save.

The characteristic of fixed-term deposits is locking up funds—they are stable, but inflexible. If you lock up all your money, you'll immediately be in a passive position if you need to access funds in an emergency: either withdraw early and lose interest, or borrow money everywhere to tide you over, feeling frustrated and even tighter on cash.

The advice from bank managers is actually very simple: allocate your money reasonably.

Put a portion in fixed-term deposits for stable returns, and keep a portion in liquid cash to deal with emergencies.

This isn't about taking risks, but about having a "contingency plan." True security is never about locking up your money, but about being able to access, manage, and withstand any situation.


4. Don't easily believe in "deposits turning into insurance": You think you're saving money, but you're actually buying something else

This is the point that many people fall into the most traps with, and the one they find hardest to admit.

Some bank employees package insurance as "high-interest deposits," using similar sales pitches:

"Higher returns than fixed deposits," "More cost-effective," "Very safe," "Get your money back when it matures."

However, once you buy it, you might find that the returns don't meet your expectations; more importantly, early surrender often results in a significant loss. Every year, many people fall victim to this, only realizing afterward that they thought they were making a deposit, but they actually bought an insurance product.

Therefore, you must remember this:

You can accept lower returns, but you cannot accept "buying something without understanding what you've bought."

At the counter, anything that looks "like a deposit" should be thoroughly investigated to determine whether it is a fixed deposit, insurance, or other investment product. Don't let embarrassment lead to years of regret.


Remember these "4 Don'ts," and you've already won half the battle in fixed deposits.

Combining these four points, you'll find they all share one common thread:

Don't let "wanting to save time" turn into "unwittingly taking on risk."

Not chasing high interest rates is to avoid jeopardizing your financial security by relying on the success of others' businesses;

Not ignoring the term is to prevent future financial needs from forcing you to withdraw funds early;

Not putting all your money in fixed-term deposits is to leave room for cash flow in your life;

Not treating savings as insurance is to avoid being taken advantage of due to information asymmetry.

The material also clearly states: Banks adjust deposit rules ultimately to protect depositors' rights but no matter how the rules change, the most crucial thing is for you to "understand, ask questions, and act responsibly."


Economic pressure on Iran, the U.S. is in control of the Strait of Hormuz

 Direct translation

Breaking News! Rubio reveals major information

Editor : Fang Xun / Source: World Journal / https://www.aboluowang.com/2026/0826/2425619.html /  Image : An anti-American poster on a street in Tehran, Iran, photographed on 24 August 2026. (Associated Press)
Axios reported on the 25th that a U.S. official and another source familiar with the matter revealed that Secretary of State Rubio recently told several foreign ministers that the U.S. "currently" does not expect to launch a new attack on Iran, and will instead focus on other pressure tactics, including the sanctions announced this week.

The sources indicated that Rubio outlined the Trump administration's current Iran policy, including temporarily avoiding military action, increasing economic pressure through a naval blockade and new sanctions, and transporting as much oil as possible into the global energy market via the Strait of Hormuz. However, U.S. officials stated that while Rubio clearly stated the U.S. has no plans to resume large-scale warfare, he did not rule out a strike should Iran launch a preemptive strike.

Axios pointed out that the U.S. believes the naval blockade is strangling Iran while allowing more and more oil to be transported through the Strait of Hormuz. All indications suggest that President Trump is annoyed by the U.S.-Iran war and wants it to end, at least for now. A U.S. official stated that the U.S. is expected to maintain this policy at least until after the midterm elections, after which new military action may again become an option.

Furthermore, U.S. officials stated that most of the mines in the Strait of Hormuz have been cleared, and the increasing number of oil tankers passing through the southern channel in recent weeks has significantly weakened Iran's ability to influence global energy markets. Another U.S. official described the U.S. mine-clearing of the Strait as a watershed moment in the US-Iran war, essentially eliminating one of Iran's main bargaining chips. The official said, "The Iranians have lost control of the Strait; now the U.S. is in control."

Meanwhile, the maritime blockade is also cutting off a vital source of revenue for Iran. U.S. officials stated that almost no oil tankers have been spotted on Kharag Island, Iran's main oil export hub, in the past two weeks.

U.S. officials stated that the situation in the Strait, coupled with the continued increase in oil shipments from the Persian Gulf, has deprived Iran of a crucial bargaining chip in future negotiations, rendering any potential agreements between Oman and Iran involving the Strait irrelevant. One U.S. official said, "We are not negotiating with Iran now; we are pressuring them. This pressure may force the Iranians back to the negotiating table."

Lai Ching-te : NT$5,000 monthly growth allowance for children aged 0-18

 Direct translation

The CCP certainly wouldn't dare let people inside the Great Firewall know this
----Taiwan President Lai Ching-te announces: NT$5,000 monthly growth allowance for children aged 0-18

Reporter : Wang Duruo / Editor: Fang Xun / https://www.aboluowang.com/2026/0824/2424760.html / Image : Web Screenshot

Republic of China (Taiwan) President Lai Ching-te announced that the government will fully implement the "0-18 year old growth allowance" policy. Each eligible child and teenager will receive NT$5,000 per month (approximately RMB 1,057 or USD 157) to address the challenges of a declining birth rate and support family upbringing.

This policy is one of the core measures of the "Taiwan Population Countermeasures New Strategy – Family Support Chapter." Lai Ching-te first proposed it in his second-anniversary address on 20 May 2026, and formally announced the complete plan with his presidential and executive team on 27 May 2026.

The distribution will be implemented in phases: 0 to under 6 years old: NT$5,000 per month (approximately RMB 1,057 or USD 157) will be paid to the family in full in cash for parents to use as they see fit (e.g., for expenses such as formula, diapers, and childcare).

Ages 6-18: Of the monthly NT$5,000 subsidy, NT$2,500 (approximately RMB 529 or USD 78.50) is provided to families to ease their financial burden, while the remaining NT$2,500 is pre-deposited into a "Child and Youth Development Subsidy Account." This account is managed and invested by a professional financial team entrusted by the government, guaranteeing at least a two-year fixed deposit interest rate. The subsidy can be withdrawn in a lump sum when the child turns 18, serving as a "coming-of-age gift" from the government to the youth (the accumulated amount in the account is at least approximately NT$360,000, equivalent to approximately RMB 76,000 or USD 11,300).

The government estimates that from birth to adulthood, the government invests at least NT$1.08 million (approximately RMB 228,000 or USD 34,000) per child through this subsidy. The policy adopts a universal distribution principle, without exclusion of the wealthy, and can be received in conjunction with existing childcare subsidies and childcare allowances for children aged 0-6. The total monthly subsidy for children aged 0-6 can exceed NT$10,000 (approximately RMB 2,100).

The Executive Yuan stated that the relevant budget is approximately NT$200 billion annually (approximately RMB 42.2 billion or US$6.3 billion), and has been planned to be included in the 2027 central government budget, with formal implementation expected as early as 2027. Lai Ching-te emphasized that this move is an investment in the nation's future, hoping to encourage young people to dare to marry, have children, and raise children, to dare to pursue happiness, and to ensure that the fruits of economic growth are shared across generations.


Nepal offers many valuable lessons for everyone in high-altitude disaster relief

 Direct translation (Banned Article) Nepal has truly impressed everyone this time Editor : Li Guangsong / Source: Descartes' Reflections...