Sat, Nov 04, 2017 - Page 8 News List

A 30-year tragedy of exchanges

By Huang Tien-lin 黃天麟

In 2001, then-president Chen Shui-bian (陳水扁) replaced Lee’s “no haste, be patient” policy with his “active opening, effective management” (積極開放有效管理) policy.

The IT industry, including mobile phones and computers, quickly disappeared from Taiwan in just four short years, while China took a giant leap forward during the same period.

China’s GDP surged 12.68 percent in 2006, making it the king of the global IT industry. In 2007, the level of Taiwan’s export dependence on China rose to 40.7 percent, while the portion of its overseas production rose to 46.13 percent and economic growth fell to 4.86 percent.

Ma Ying-jeou’s (馬英九) presidency in 2008 finished overturning the “three noes” policy and completely opened the Taiwan Strait by signing the Economic Cooperation Framework Agreement, gradually deepening Taiwan’s reliance on China. Taiwanese economic growth slumped to 0.65 percent in 2015.

All these results have been the effect of Taiwan opening up to China, which makes one wonder if Taiwanese really should celebrate and praise 30 years of cross-strait exchanges.

Huang Tien-lin is a national policy adviser.

Translated by Eddy Chang

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