Sat, Nov 30, 2013 - Page 8 News List

China pursuing optimal strategy

By Kuo Chen-hero 郭振鶴

From the above it becomes clear what the senior government officials in China are trying to do. Taiwanese businesses will transform and develop, and the retarded development of China’s service industries will initially make it easier for Taiwanese small and medium-sized businesses to make inroads into the China market.

The service trade agreement is essentially, in terms of a plan for eventual unification, China’s optimal strategy. By comparison, senior government officials in Beijing have said little about the impact and influence of the service trade pact on those businesses that choose to remain in Taiwan.

As soon as China’s own service sector begins to take off, the signing of the service trade pact will presumably wipe out the competitive edge and unique quality of Taiwan’s service industries.

In the future, Taiwan’s economic growth rate will come to depend more on China. How will the wise leaders in the government view the signing of the service trade agreement in terms of Taiwan’s competitive strategy? Is the signing of the pact for the sake of China, or is it for the sake of our beautiful country?

Kuo Chen-hero is an adjunct professor in the School of Business at Soochow University.

Translated by Paul Cooper

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