The latest statistics indicate that the number of Taiwanese businessmen serving time in Chinese prisons has reached more than 900. In the Pearl River Delta region alone, there are several hundred Taiwanese businessmen doing jail time.
Among them, many were found to have been guilty of illegal smuggling and others of falsifying export reports. Many of the businessmen thought it was OK because their conduct was not illegal in Taiwan or at least ran no risk of a prison term here. Those with such ignorance of Chinese laws are often the ones learning some really harsh lessons.
In many instances, those who crossed the Taiwan Strait, hot with "China fever" were conned or swindled. Many people with assets and wealth were deceived by the myth of China and took their money there. In the end, they often came back after having sustained devastating losses.
But those who managed to return should still by considered lucky. There are those who fared worse -- not only have they lost their fortunes, but now they've lost their freedom. Worse yet, some Taiwanese businessmen take all their money to China, leaving behind debts which must be born by their countrymen.
In the above-described scenarios, the relevant parties of course do not want to make a fuss because they want to save face. The pro-unification media and pro-China groups, who are pre-occupied with praising and kissing up to the communist state, won't bother to mention these things.
One cannot help but wonder what was on the mind of those who pressured the government to open up investments in China when they saw how some businessmen were already suffering from devastating losses.
Do those who had fantasies about China -- and who complained loudly about token incentives -- have any regrets when they lose their fortunes in China?
The Taiwanese must become alert about opening up investments in China before it is too late to do anything about it. The business losses or the prison sentences of individual Taiwanese businessmen are their own problems. However, if both the ruling and opposition camps support "active opening up" of investments in China, at stake is much more than any responsibility that any individual can bear. Rather, it is something that will impact everyone here in Taiwan. If people in Taiwan do not see things from a long-term perspective, it is only a matter of time before the country is sucked dry by these pipe dreams.
In recent years, the domestic economy has been on a rapid decline as a result of technological and capital flow to China. The number of unemployed people and those who face immediate unemployment is increasing by the day.
This is a change that is easily sensed by everyone. Yet it is only the tip of the iceberg in terms of the side effects of opening up investments across the Strait. Less likely to be sensed are the impacts on government finances, financial order, national defense, social welfare, foreign affairs and the wealth of individual citizens.
If the nation's two major political camps continue to loosen China-investment regulations, can the people of Taiwan maintain their life of affluence here? Will Taiwan's economic performance continue to be the subject of praise and envy?
Not only do deluded industries and capitalists blindly head across the Strait but some people also gradually lose confidence in the direction of this country.
The economic growth of China over the past decade is commonplace in developing countries. In the past, the four "dragons" of Asia -- Taiwan, South Korea, Hong Kong and Singapore -- experienced the same kind of growth.
Yet, it is ironic to see those who used to oppose communism and support retaking the "Chinese mainland" now glorifying China through market theory, opportunity theory and so on. Some people who were in the past deceived by the myth about retaking the "motherland" and fighting communists are now again being deceived by all the new propaganda about China.
These people are truly beyond redemption. Since these people claim that China is no longer a communist country but a new economic superpower where endless opportunities lie, why don't they just go there now?
A lot of Taiwanese businessmen imprisoned in China do not know what they have done wrong. This proves that in China the rule of law is absent -- both in politics and economics -- which is in stark contrast with to the protection of human rights in Taiwan: Those who venture to China do so at their own risk.
During the meeting of the National People's Congress in China recently, the spokesperson openly conceded that one of the most serious problems of China right now is corruption by government officials at all levels.
In the past decade or so, as the Chinese economy has thrived, the problem of official corruption has become worse. It has reached the point where virtually no official is exempt and no amount of government threats or crackdowns can improve things.
The problem does not rest with individuals. Rather, it is the product of an inadequate system. So long as China does not run according to the rule of law, the problem of corruption will persist.
And so long as corruption persists, the investments of Taiwanese businessmen in China will continue to suffer huge risks or even be sacrificed in China's "anti-corruption" melodrama. It is likely that a lot of Taiwanese businessmen serving time in China are victims of these stage shows.
In both the ruling and opposition camps, there are people who tirelessly exalt political unification and economic integration. If these are things worth pursuing, then they must necessarily bring enormous benefits to the people of Taiwan.
Taiwan's GNP is about US$13,000 per capita, while the GNP of urban China only about US$935 per capita. The figure for rural China is only US$300 per capita.
Can the people of Taiwan have higher earnings after unification or integration? The average monthly wage in Taiwan is about NT$40,000, the wage in urban China is only about 700 yuan to 1,000 yuan, which comes to, at most, NT$4,000.
If the two sides of the Strait become unified, the average wage in Taiwan will necessarily become equalized with that of China. Is this what the people of Taiwan want for themselves?
Politicians can be shortsighted and disregard the consequences of their actions. But the people of Taiwan must refrain from dancing to their tune and tell the politicians not to be overwhelmed by China fever.
In the first year of his second term, US President Donald Trump continued to shake the foundations of the liberal international order to realize his “America first” policy. However, amid an atmosphere of uncertainty and unpredictability, the Trump administration brought some clarity to its policy toward Taiwan. As expected, bilateral trade emerged as a major priority for the new Trump administration. To secure a favorable trade deal with Taiwan, it adopted a two-pronged strategy: First, Trump accused Taiwan of “stealing” chip business from the US, indicating that if Taipei did not address Washington’s concerns in this strategic sector, it could revisit its Taiwan
The stocks of rare earth companies soared on Monday following news that the Trump administration had taken a 10 percent stake in Oklahoma mining and magnet company USA Rare Earth Inc. Such is the visible benefit enjoyed by the growing number of firms that count Uncle Sam as a shareholder. Yet recent events surrounding perhaps what is the most well-known state-picked champion, Intel Corp, exposed a major unseen cost of the federal government’s unprecedented intervention in private business: the distortion of capital markets that have underpinned US growth and innovation since its founding. Prior to Intel’s Jan. 22 call with analysts
The Chinese Communist Party (CCP) challenges and ignores the international rules-based order by violating Taiwanese airspace using a high-flying drone: This incident is a multi-layered challenge, including a lawfare challenge against the First Island Chain, the US, and the world. The People’s Liberation Army (PLA) defines lawfare as “controlling the enemy through the law or using the law to constrain the enemy.” Chen Yu-cheng (陳育正), an associate professor at the Graduate Institute of China Military Affairs Studies, at Taiwan’s Fu Hsing Kang College (National Defense University), argues the PLA uses lawfare to create a precedent and a new de facto legal
International debate on Taiwan is obsessed with “invasion countdowns,” framing the cross-strait crisis as a matter of military timetables and political opportunity. However, the seismic political tremors surrounding Central Military Commission (CMC) vice chairman Zhang Youxia (張又俠) suggested that Washington and Taipei are watching the wrong clock. Beijing is constrained not by a lack of capability, but by an acute fear of regime-threatening military failure. The reported sidelining of Zhang — a combat veteran in a largely unbloodied force and long-time loyalist of Chinese President Xi Jinping (習近平) — followed a year of purges within the Chinese People’s Liberation Army (PLA)
RSS