While his Cabinet continues to make mistake after mistake, President Ma Ying-jeou (馬英九) appears to be the proverbial one trick pony and has only one thing on his mind.
Elected on promises that he would send Taiwan’s economy soaring, Ma’s only solution and hope is to keep repeating his mantra, “run to China.”
Life however, is not that simple.
When he was running for the presidency, Ma ignored the plight of the world’s economy and focused only on the fact that Taiwan’s growth did not match China’s inflated numbers. Ma’s simple answer was to blame it all on outgoing president Chen Shui-bian (陳水扁).
Things would be different once he was elected, he said. He would lead Taiwan to the Economic Promised Land and China was his solution.
Now that he is president and the economy is worse, Ma’s answer is: “It’s a global problem, but we still need to go to China.”
CHANGE
As we’ve said, life is not so simple and maybe the one constant, is change. When voters elected Ma, they were calling for change. Ma should have had some sense of that, when, in hopes of progress, he filled his Cabinet with yesterday’s so-called experts.
Unfortunately yesterday’s solutions do not necessarily fit today’s problems. The Chinese Nationalist Party (KMT), which has always controlled the legislature, had not held the presidency for the last eight years and in those eight years a lot had happened. Both Taiwan and the world had changed a lot.
The KMT had always touted itself as the party that knew how to handle the economy. It was the reputed “A-Team” as far as Taiwan and the world was concerned. So enter Ma’s specialists of eight years ago.
Minister of Economic Affairs Yiin Chii-ming (尹啟銘) boasted that now that they were in power, the TAIEX, which had reached 9,309 points when the KMT took office on May 20, would soon be breaking the 20,000-point mark. Not so — at last count the TAIEX was at 7,051 points and heading south.
TOURISTS
Not to worry, there were still the tourists from China to solve the problem and Ma rushed headlong to that “solution.” Taiwan was supposed to get 3,000 tourists a day, but China has only allowed 1,000 tourists a day. And for July 18, so far, there are far fewer advanced sales.
Thus far, the only visible result of Ma’s action of opening Taiwan to Chinese tourists on July 4th is that three of them have jumped ship and one still remains at large. But Ma, the one trick pony, is not discouraged; he keeps insisting the only real solution is “run to China.”
Taiwan has been one of the major investors in China, but focusing on more investment does not appear to be the panacea that Ma had hoped for.
The rest of the world has already begun to discover the many pitfalls of dealing with China, its laws and copyright violations.
Beyond that, China keeps producing tainted products — toys, toothpaste, pet food and so on — and is leading the world in the amount of pollution it produces.
Too bad that Taiwan lies downwind.
Still the one trick pony keeps saying “run to China,” for it is not Taiwan’s reputation that Ma is most concerned about but his own.
Will China be Ma’s savior? It may be too early to tell, but never has a fly been more easily enticed into the spider’s parlor. Ma does not seem to have a Plan B.
Jerome Keating is a Taiwan-based writer.
The central bank and the US Department of the Treasury on Friday issued a joint statement that both sides agreed to avoid currency manipulation and the use of exchange rates to gain a competitive advantage, and would only intervene in foreign-exchange markets to combat excess volatility and disorderly movements. The central bank also agreed to disclose its foreign-exchange intervention amounts quarterly rather than every six months, starting from next month. It emphasized that the joint statement is unrelated to tariff negotiations between Taipei and Washington, and that the US never requested the appreciation of the New Taiwan dollar during the
Since leaving office last year, former president Tsai Ing-wen (蔡英文) has been journeying across continents. Her ability to connect with international audiences and foster goodwill toward her country continues to enhance understanding of Taiwan. It is possible because she can now walk through doors in Europe that are closed to President William Lai (賴清德). Tsai last week gave a speech at the Berlin Freedom Conference, where, standing in front of civil society leaders, human rights advocates and political and business figures, she highlighted Taiwan’s indispensable global role and shared its experience as a model for democratic resilience against cognitive warfare and
The diplomatic dispute between China and Japan over Japanese Prime Minister Sanae Takaichi’s comments in the Japanese Diet continues to escalate. In a letter to UN Secretary-General Antonio Guterres, China’s UN Ambassador Fu Cong (傅聰) wrote that, “if Japan dares to attempt an armed intervention in the cross-Strait situation, it would be an act of aggression.” There was no indication that Fu was aware of the irony implicit in the complaint. Until this point, Beijing had limited its remonstrations to diplomatic summonses and weaponization of economic levers, such as banning Japanese seafood imports, discouraging Chinese from traveling to Japan or issuing
The diplomatic spat between China and Japan over comments Japanese Prime Minister Sanae Takaichi made on Nov. 7 continues to worsen. Beijing is angry about Takaichi’s remarks that military force used against Taiwan by the Chinese People’s Liberation Army (PLA) could constitute a “survival-threatening situation” necessitating the involvement of the Japanese Self-Defense Forces. Rather than trying to reduce tensions, Beijing is looking to leverage the situation to its advantage in action and rhetoric. On Saturday last week, four armed China Coast Guard vessels sailed around the Japanese-controlled Diaoyutai Islands (釣魚台), known to Japan as the Senkakus. On Friday, in what