Fri, Apr 13, 2012 - Page 8 News List

Ma should stop, look and listen

By Paul Lin 林保華

Recently, however, several Chinese-owned private companies listed on Hong Kong’s stock market have seen their share prices plunge or have even been suspended from trading because of irregularities in their accounts, and the problem is still spreading.

After China lowered its annual economic growth target from 8 to 7.5 percent for this year, an increasing number of companies are likely to get into trouble. Care must be taken lest colluding officials in Taiwan allow these companies to list on Taiwan’s stock market and bamboozle Taiwanese investors out of their money.

In light of the current situation, Ma should help keep things calm by following the road safety motto — stop, look and listen. He should keep quiet and watch out for any changes in China’s political situation, especially whether it is swinging to the left or right, and then propose China policies that are most advantageous to Taiwan.

Unfortunately, however, Ma is running his government more like a circus, putting all his policies on show right down to the bottom line. With all of Ma’s cards on display, China can easily choose the best way to keep Taiwan under control.

Ma should put political issues related to China on hold and avoid making big moves on economic issues. What he should not do is risk hurting Taiwan’s interests by making over-hasty responses to China.

Paul Lin is a political commentator.

Translated by Eddy Chang

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