The Far East Communist Countries Union (FECCU or Far East Union) was signed by the five Communist countries of Asia: China, Mongolia, Laos, Cambodia, and Vietnam, as a response to the loss of the Korean War for communism, the First Taiwan Strait Crisis, and the signing of SEATO. It was formed as a security protection organization rather than a single country. Up until 1958, the countries would choose a city in their respective country as a meeting place for the leaders of each country. After 1958, the honorary meeting place became the Chinese city of Shanghai. After the loss of Korea in 1954, Chinese Chairman Mao Zedong said in a speech that the Chinese "would become more involved in the Cold War."