The signing of a financial regulatory cooperation agreement between Taiwan and China topped the list of the 10 most important news items concerning Taiwanese businesspeople last year, a local business group said.
The agreement, which paves the way for Taiwanese and Chinese financial institutions to venture into each other’s market, was chosen as the most important news item because of the creative manner in which the agreement was signed, said Hanson Chiang (姜志俊), president of the Chinese Professional Management Association of Taipei (台北市企業經理協進會), which conducted the survey among its directors and supervisors.
The agreement, which came into force on Jan. 16, was signed separately by Taiwanese and Chinese financial regulators in Taipei and Beijing and exchanged by courier.
Other developments on the list included six cross-strait pacts signed by Straits Exchange Foundation Chairman Chiang Pin-kung (江丙坤) and his Chinese counterpart, Chen Yunlin (陳雲林).
It was followed by Taiwan’s participation as an observer at the World Health Assembly, the launch of China’s Western Straits Economic Zone, and President Ma Ying-jeou’s (馬英九) decision to negotiate an economic cooperation framework agreement (ECFA) with China.
The Executive Yuan’s publication of rules governing Chinese investment in Taiwan came in sixth place.
Other developments, in descending order, were China’s campaign to sell electrical appliances to people in remote areas, the launch of postal remittances between China and Taiwan, the acceptance of China Unionpay cards in Taiwan, and Chinese Nationalist Party (KMT) Honorary Chairman Lien Chan (連戰) being named Taiwan’s envoy to the leaders’ summit at the APEC forum.
Because of Ma’s policies seeking “rapprochement” with China, all 10 stories are positive developments, Chiang said.
This was in contrast with the top 10 stories of 2008, which featured mainly criminal cases, he said.
The Chinese Professional Management Association of Taipei consists of managers and business executives dedicated to promoting business management and economic development.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. However, while these “revelations” are spurious, behind them lurks a well-oiled machine for selling counterfeit goods that is making the most of the confusion surrounding trade tariffs. Chinese content creators who portray themselves as workers or subcontractors in the luxury goods business claim that Beijing has lifted confidentiality clauses on local subcontractors as a way to respond to the huge hike in customs duties imposed on China by US President Donald Trump. They say this Chinese decision, of which Agence
RSS