President Lai Ching-te rejected Beijing’s latest push to get the self-governing island to come under Chinese control under a system of autonomy it uses for Hong Kong and Macau.

China boasts thousands of official red tourism sites, historical museums and memorial halls. At a time when international travel has yet to fully recover to pre-pandemic levels, red tourism has become a significant part of a domestic travel boom.

China “made a real mistake” by threatening to shut off exports of its rare earths, U.S. Treasury Secretary Scott Bessent told the Financial Times in an interview published on Friday.