On July 28, Chinese financial supervisory agencies made a surprise raid on Taiwanese bank branch offices in China for "illegally attracting business without the necessary licenses." The banks must be condemned for also breaking Taiwanese law by engaging in financial business in China. They are just like rats that, in their greed, bite through a food bag and spill all its contents out on the floor. They have increased the nation's capital outflow. Taiwan's Financial Supervisory Commission (FSC) should take action and punish them severely.
Ever since Chinese Premier Wen Jiabao (
In fact, Taiwan's economy has smoothly been transformed from a handicraft, mechanical and automated industry to the digital age. Taiwan has developed into a leading player in the electronics industry, and is rapidly developing in areas of precision technologies. Taiwan has already won a leading international role as a manufacturer of computers, digital cameras and other advanced products, a clear indication that it has already developed an excellent knowledge-based environment that is ideal for research and development. In addition, development within traditional industries, brand creation and developing sales channels has proved very successful in consolidating traditional industries in Taiwan. Giant, Taiwan's bicycle manufacturer, and La New, a shoe manufacturer, are outstanding examples of this process. It is clear from this that if only the director of the enterprise operates effectively, there is no reason why Taiwanese products cannot be sold all over the world.
Taiwan Thinktank chairman Chen Po-chih (陳博志) said in a recent publication that Taiwan's experience of economic development is similar to that of Switzerland and Finland. Many of the problems those two countries faced were the result of having vastly more powerful neighbors. But as long as they could navigate international trends, and worked hard at upgrading their industries and developing a "knowledge economy," they could still become highly competitive commercial nations with a high standard of living. Taiwan's economic development has never relied on China, and there is no reason why it should start now.
China bedazzled Taiwanese businesses with its cheap land and labor, as well as its vast domestic market. These advantages, however, are disappearing as it moves into a new stage of development. Taiwanese businesspeople cannot safely and steadily promote their business in China due to slack law enforcement and various political factors. Beijing's recent moves to put down "green" businesses provide such an example. Thus, the unexpected management costs are getting higher when investing in China.
The successful stories of many traditional businesses in Taiwan show that restructuring and innovation are key to maintaining a successful business. Since Taiwan has developed a sound investment environment, Taiwanese businesses should follow such a trend, returning to Taiwan like mature salmon returning to their spawning grounds. Placing their priority in upgrading their businesses, they should beware of being misled by malicious banks and digging a hole from which they can not escape.
There is much evidence that the Chinese Communist Party (CCP) is sending soldiers from the People’s Liberation Army (PLA) to support Russia’s invasion of Ukraine — and is learning lessons for a future war against Taiwan. Until now, the CCP has claimed that they have not sent PLA personnel to support Russian aggression. On 18 April, Ukrainian President Volodymyr Zelinskiy announced that the CCP is supplying war supplies such as gunpowder, artillery, and weapons subcomponents to Russia. When Zelinskiy announced on 9 April that the Ukrainian Army had captured two Chinese nationals fighting with Russians on the front line with details
On a quiet lane in Taipei’s central Daan District (大安), an otherwise unremarkable high-rise is marked by a police guard and a tawdry A4 printout from the Ministry of Foreign Affairs indicating an “embassy area.” Keen observers would see the emblem of the Holy See, one of Taiwan’s 12 so-called “diplomatic allies.” Unlike Taipei’s other embassies and quasi-consulates, no national flag flies there, nor is there a plaque indicating what country’s embassy this is. Visitors hoping to sign a condolence book for the late Pope Francis would instead have to visit the Italian Trade Office, adjacent to Taipei 101. The death of
By now, most of Taiwan has heard Taipei Mayor Chiang Wan-an’s (蔣萬安) threats to initiate a vote of no confidence against the Cabinet. His rationale is that the Democratic Progressive Party (DPP)-led government’s investigation into alleged signature forgery in the Chinese Nationalist Party’s (KMT) recall campaign constitutes “political persecution.” I sincerely hope he goes through with it. The opposition currently holds a majority in the Legislative Yuan, so the initiation of a no-confidence motion and its passage should be entirely within reach. If Chiang truly believes that the government is overreaching, abusing its power and targeting political opponents — then
The Chinese Nationalist Party (KMT), joined by the Taiwan People’s Party (TPP), held a protest on Saturday on Ketagalan Boulevard in Taipei. They were essentially standing for the Chinese Communist Party (CCP), which is anxious about the mass recall campaign against KMT legislators. President William Lai (賴清德) said that if the opposition parties truly wanted to fight dictatorship, they should do so in Tiananmen Square — and at the very least, refrain from groveling to Chinese officials during their visits to China, alluding to meetings between KMT members and Chinese authorities. Now that China has been defined as a foreign hostile force,
RSS