prc relations. this approach to arms sales in my opinion has three negative effects. the first problem is that it signals to china that we care more about our relationship with them then we care about meeting our commitments to taiwan in a regular reliable fashion. this can only consolidate the zero-sum approach. this can only encourage bad behavior. the second problem is by allowing arms to accumulate and then announcing these massive multibillion dollar packages, in taiwan it has the effect of giving taiwan's parliament, media and public sticker shock. the u.s. argument said, we care about you guys, we really do, look at how many billions of dollars we are willing to sell you. the people of taiwan, when you say that, it seems that we are doing it for profit, and not as a matter of principle. it seems as if the white house is a puppet of the military-industrial complex. we are not selling arms because we're set -- caring about taiwan's democracy. we are not doing it because we care about taiwan's continued freedom and security. the third problem with this approach to

prc relations. this approach to arms sales in my opinion has three negative effects. is that itroblem signals to china that we care more about our relationship with them then we care about meeting our commitments to taiwan in a regular reliable fashion. consolidate the zero-sum approach. this can only encourage bad behavior. the second problem is by allowing arms to accumulate and then announcing these massive intibillion dollar packages, taiwan it has the effect of giving taiwan's parliament, media and public sticker shock. the u.s. argument said, we care about you guys, we really do, look at how many billions of dollars we are willing to sell you. the people of taiwan, when you say that, it seems that we are doing it for profit, and not as a matter of principle. if the white house is a puppet of the military-industrial complex. becauseot selling arms we're set -- caring about taiwan's democracy. we are not doing it because we care about taiwan's continued freedom and security. the third problem with this approach to arms sales is that it disrupts taiwan's ability to

-prc relations can be brought down a bit from where it has been in the last few months. i think right now, it is not as bad as it has been, but i don't think the fundamental issues have been resolved either. difficultere's a very situation across the street where -- across the strait where day oldday year -- 100 administration of the government have not found the formula for maintaining stability in that relationship. that comes into play. these are important relationships. the goal is to maintain stability, to have as , anyructive relationships and all three legs of the triangle as possible. think this is not always easy. it will help guide us in thinking about how we might make our way forward. without further a do, let me introduce the professor from taiwan. thank you. >> thank you very much for coming this afternoon. today, i'm going to present this screen -- will taiwan benefit or not? is partially based on my and also partially various researchers, that its and researchers conducted here in washington, d c. i want to thank everyone who sacrificed some of their time

prc relationship. which he has -- he's talking about pessimism.hen the question about how this -- impacts on taiwan and whether taiwan can take advantage of disruptions or difficulties in u.s. relations. it's the -- both of these elements in my view were really quite important. important not only to the mainland in taiwan but to the united states. sorry, i have a -- alarm going off. this is -- as you know it's been a very difficult time in u.s. relations but we're about to have a summit meeting in beijing. excuse me in hongjo where one hopes but maybe optimistic to hope too much that at least the tone of u.s. prc relations can be brought down a bit from where it has been this the last few months. i think actually right now it's not as bad as it be been. but i don't think fund mentality issues have been resolved either. we know there's also a very difficult situation across the street. where the relatively new now 100 day old administration president and the -- government under president have not found a formula for hanting stability in that relati

tin c and aspirin that had been tuckedtucd inside a suitcase and bagsgs including one that princehat prcim autopsy results show prince died from an accidentalidenta overdose of fender until.fe unt >>> now let's talk about theab e latest on ryan lochte and that big scan did over the weekend. e lochte admitted that he overexaggerated his tale ofrate what happened at the rio gas station.st >> also acknowledges that his h immature behavior got him and his team plates into a mess mes that consumed the final days of the games.of fox's bryan llenas with the latest. >> reporter: the head of theea united states olympics ompic committee is action against u.s. swimmer smm ryan lochte and three of his teammates.ammate >> they letdown our athletes, they letdown americans. and they really letdown ourour hosts in rio. r lochte along with fellow u.s. swimmers gunnar bentz and jimmy feigen claimed he and a his buddies were victims of a o armed robbery.obbery skepticism grew.skep now the gold medalist is admitting he overexaggeratedgged his story. >> i take all responsibility.oni this was my fault.ault i

and prc relations, but we are about to have a summit meeting

that time, the prc economy was about $1 trillion in nominal gdp, making it the sixth largest in the world.their military budget at that time was only about $20 billion. they had only 350 inaccurate elastic missiles pointed -- into thatmissiles taiwan. if we fast-forward and think about where we are 15 years later taiwan's economy is still strong,, but it is nowhere near as strong as it once was. the military is still cautiously optimistic, but they are nowhere near as confident as they once were. there is one u.s. arms sale announced to taiwan that came last december after a four-year, freeze.nth arms sales you can imagine how that impacted their confidence and morale. on the other side of the taiwan strait today, china has the world's second-largest economy, over $11 trillion economy, second in the world behind the united states. parity, ther economy is even longer. -- stronger. the military budget is much higher. not aend we are seeing is positive one. the question then becomes, what arrest the trend, or at least to make it look a little more favorable to the interests of the united states an