President Chen Shui-bian's (
This time, he adopted a more aggressive attitude in dealing with problems that have plagued the government since 2000.
Commentators say that since the Democratic Progressive Party (DPP) took power, the party has been living in a dream world in which "reconciliation" with the opposition is possible. This led the government to support a policy of "active opening, effective management" over China and "reconciliation and coexistence" with the opposition.
But Chen has finally realized that what the opposition really wants is the power to rule.
As a result, major bills such as the arms procurement plan, the reconstruction of government agencies, the handling of the Chinese Nationalist Party's (KMT) stolen assets, and the NT$80 billion flood prevention budget have been consistently blocked in the legislature.
The pan-blue camp believes that with its legislative majority it can simply use gridlock to cripple the government until the next presidential election.
It has also allied itself with Beijing in placing pressure on the government to allow fruit exports to China, challenged the executive in pushing for direct links and insisted that the National Communications Commission adopt a dubious procedure in which members are selected based on representation in the legislature. It is not considering a change of policy, and why should it? Closing down chunks of the executive has proved politically acceptable for voters who value action over rhetoric.
Chen has rekindled hope among the pan-green camp's supporters, for many believe that Chen has now renounced reconciliation with the opposition and realized that current trade policies have made the economy too reliant on China.
He also admitted that the government has not been effective in pursuing the KMT's stolen assets, thereby allowing that party ample time to defend or liquidate them. His admission is no more than the public deserve.
Although Chen placed considerable emphasis on the importance of clean government, he retains a number of people of dubious character around him and failed to satisfactorily address the question of Presidential Office staff playing the stock market during office hours.
His promise to establish a government ethics and anti-corruption office under the Ministry of Justice, however, is simply adding to the already formidable bureaucracy. If this office is to be established, it should be directly under the Presidential Office. Regardless, the sheer volume of talk and the absence of action on government and other corruption has been acutely disappointing.
A number of Chen's idealistic proposals, such as a referendum on a new constitution, are likely to sustain confrontation between the government and the legislature. But without any clear strategy to have these items appeal to lawmakers, it is likely that 2006 will be yet another year of gridlock, stalling and impotent speeches.
The conflict in the Middle East has been disrupting financial markets, raising concerns about rising inflationary pressures and global economic growth. One market that some investors are particularly worried about has not been heavily covered in the news: the private credit market. Even before the joint US-Israeli attacks on Iran on Feb. 28, global capital markets had faced growing structural pressure — the deteriorating funding conditions in the private credit market. The private credit market is where companies borrow funds directly from nonbank financial institutions such as asset management companies, insurance companies and private lending platforms. Its popularity has risen since
The Donald Trump administration’s approach to China broadly, and to cross-Strait relations in particular, remains a conundrum. The 2025 US National Security Strategy prioritized the defense of Taiwan in a way that surprised some observers of the Trump administration: “Deterring a conflict over Taiwan, ideally by preserving military overmatch, is a priority.” Two months later, Taiwan went entirely unmentioned in the US National Defense Strategy, as did military overmatch vis-a-vis China, giving renewed cause for concern. How to interpret these varying statements remains an open question. In both documents, the Indo-Pacific is listed as a second priority behind homeland defense and
In an op-ed published in Foreign Affairs on Tuesday, Chinese Nationalist Party (KMT) Chairwoman Cheng Li-wun (鄭麗文) said that Taiwan should not have to choose between aligning with Beijing or Washington, and advocated for cooperation with Beijing under the so-called “1992 consensus” as a form of “strategic ambiguity.” However, Cheng has either misunderstood the geopolitical reality and chosen appeasement, or is trying to fool an international audience with her doublespeak; nonetheless, it risks sending the wrong message to Taiwan’s democratic allies and partners. Cheng stressed that “Taiwan does not have to choose,” as while Beijing and Washington compete, Taiwan is strongest when
US Secretary of the Treasury Scott Bessent and Chinese Vice Premier He Lifeng (何立峰) are expected to meet this month in Paris to prepare for a meeting between US President Donald Trump and Chinese President Xi Jinping (習近平). According to media reports, the two sides would discuss issues such as the potential purchase of Boeing aircraft by China, increasing imports of US soybeans and the latest impacts of Trump’s reciprocal tariffs. However, recent US military action against Iran has added uncertainty to the Trump-Xi summit. Chinese Minister of Foreign Affairs Wang Yi (王毅) called the joint US-Israeli airstrikes and the