Grace CEO Wang proposes win-win scenario with PRC

Winston Wang (王文洋), chief executive officer of Grace T.H.W. Group (宏仁集團), said piracy, inferior food products and employment problems in the agricultural sector were three major problems facing China and that Taiwan is in an excellent position to help it solve these problems, which he said would be a win-win scenario.

Wang suggested that the nation help China with product quality control, coach it on implementing intellectual property rights legislation and share its experience with democracy, beginning with village elections.

Wang will soon publish a book titled Rebuilding a Beautiful Taiwan (重建美麗的台灣), in which he argues that the nation's economy needs revitalization through regional development strategies, a resolution of the cross-strait deadlock and internal political problems, and a better understanding of China.

Wang also analyzes China's problems and proposes a cross-strait win-win situation.

Talking about international attention given to China's problems with inferior products and minimal protection of intellectual property rights, Wang said the EU, the US and other developed countries would cause a major shakeup of China if they were to place import restrictions on Chinese products based on security concerns and that it would be difficult to imagine the consequences of such measures.

Wang said that this was a great opportunity for the nation to create economic growth for itself by helping China solve its problems, thereby maximizing wealth on both sides of the Taiwan Strait.

Wang said China should seek to win Taiwanese quality guarantees for its products. They could do this by hiring Taiwanese consultants to set up comprehensive quality control standards and build global confidence in Chinese products, Wang said.

Wang estimated that, with Taiwan's help, China would be able to instill a respect of intellectual property rights in about 10 years.

Taiwan could help Beijing in this process by assisting it in negotiations with the US, he said.