Premier-designate Su Tseng-chang (
Hwang, chairman of the state-run Taiwan Power Co, and Lyu, chairman of the state-run Bank of Taiwan, are not widely known to the public, and so their selections came as a surprise to many observers. But it is clear that they have been chosen to expedite President Chen Shui-bian's (
In his New Year speech, Chen said the government would adopt a tougher stance toward China by promoting an "active management, effective opening" policy for economic relations. Under the previous guidelines -- in place since 2001 -- China became Taiwan's biggest export market and investment destination, with some 38 percent of exports shipped across the Taiwan Strait and as much as 70 percent of outbound investment taking the same route.
Hwang's emergence as the new economics minister perhaps reflects Ho's failure to more actively manage China-bound investment. But his two decades of experience in the private sector also make him stand out, because his business management skills in turning around companies suggest that he was appointed on his merits rather than because of the perceived failures of others.
Nevertheless, when Hwang takes the helm he will run into the same difficulties his predecessor faced, such as how to increase domestic investment, promote business innovation and reorient the economy away from manufacturing. In other words, the new minister must come up with clear and consistent policies that guide business investment. The vague slogan "active management" will not lure businessman into pouring in funds without workable policies.
Lyu, on the other hand, is one of Chen's economic advisers and once served as vice chairman of the Commission of National Corporations. He has experience in managing state-run enterprises such as Chunghwa Telecom Co, Land Bank of Taiwan and Bank of Taiwan, and has firm ties with the Democratic Progressive Party. But Lyu's ability to continue implementation of tax reform and help the government achieve fiscal balance by 2011 has been questioned.
Lyu's predecessor was successful in pushing forward legislation for the alternative minimum tax and drafted other schemes to improve taxation parity, but this drew mounting criticism from the business sector. Even so, Lyu seems to have little means of retreating from this policy. If he does, the public could gain the impression that the government's reform efforts are slowing down.
Certain financial reforms, such as the privatization of state banks, will be another challenge because of opposition in the legislature and protests by bank employees. If Lyu wants to accelerate privatization, he needs to review the entire strategy and take more aggressive action than his predecessor.
Despite the challenges ahead, it is a good thing that Ho is shifting to the post of minister without portfolio and can continue sharing her expertise with the Cabinet. Lin will return to his teaching career, but his reforms have generally received public support. Meanwhile, Council for Economic Planning and Development Minister Hu Sheng-cheng (
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