Chinese Nationalist Party (KMT) Legislator Lo Shu-lei (羅淑蕾) said yesterday that a local Chinese government had “unreasonably” offered a large subsidy to encourage Taiwanese businesses to return to Taiwan.
Lo said she had received information from China-based Taiwanese businesspeople that the Dongguan City Government had offered Taiwanese businesses in the city a 20 million yuan (US$2.9 million) subsidy to encourage them to invest in Taiwan.
“What could the Dongguan City Government’s motive be? Why did it decide to offer a cash reward to encourage China-based Taiwanese businesses to return to the Taiwanese market?” she said.
Lo said the offer applied only to companies headquartered in Dongguan and whose annual turnover was more than NT$1 billion (US$3 million). At least 20 Taiwanese businesses had expressed interest in the subsidy, she said.
Lo said she suspected the Dongguan offer was aimed at bringing the companies’ capital back to China after they pool their resources in Taiwan.
She said she had shared her concerns with Financial Supervisory Commission (FSC) Chairman Sean Chen (陳沖), but the commission had not given her a response.
“The commission should take the problem seriously and require that the China-based businesses that re-enter the Taiwanese market keep the capital they pool in Taiwan here,” she said.
Democratic Progressive Party Legislator Yeh Yi-ching (葉宜津) said yesterday it was obvious that Dongguan was looking to get more Taiwanese capital and called on the government to prevent such a move.
Financial Supervisory Commission Vice Chairwoman Lee Chi-chu (李紀珠) and Chief Secretary Lu Ting-chien (盧廷劼) told the Taipei Times that they were unaware of Lo’s tip and refused to comment on her allegations.
Calls to secretaries of the FSC chairman’s office and the Securities and Futures Bureau were unanswered as of press time.
ADDITIONAL REPORTING BY RICH CHANG AND JOYCE HUANG
FREEDOM OF NAVIGATION: The UK would continue to reinforce ties with Taiwan ‘in a wide range of areas’ as a part of a ‘strong unofficial relationship,’ a paper said The UK plans to conduct more freedom of navigation operations in the Taiwan Strait and the South China Sea, British Secretary of State for Foreign, Commonwealth and Development Affairs David Lammy told the British House of Commons on Tuesday. British Member of Parliament Desmond Swayne said that the Royal Navy’s HMS Spey had passed through the Taiwan Strait “in pursuit of vital international freedom of navigation in the South China Sea.” Swayne asked Lammy whether he agreed that it was “proper and lawful” to do so, and if the UK would continue to carry out similar operations. Lammy replied “yes” to both questions. The
‘OF COURSE A COUNTRY’: The president outlined that Taiwan has all the necessary features of a nation, including citizens, land, government and sovereignty President William Lai (賴清德) discussed the meaning of “nation” during a speech in New Taipei City last night, emphasizing that Taiwan is a country as he condemned China’s misinterpretation of UN Resolution 2758. The speech was the first in a series of 10 that Lai is scheduled to give across Taiwan. It is the responsibility of Taiwanese citizens to stand united to defend their national sovereignty, democracy, liberty, way of life and the future of the next generation, Lai said. This is the most important legacy the people of this era could pass on to future generations, he said. Lai went on to discuss
SECOND SPEECH: All political parties should work together to defend democracy, protect Taiwan and resist the CCP, despite their differences, the president said President William Lai (賴清德) yesterday discussed how pro-Taiwan and pro-Republic of China (ROC) groups can agree to maintain solidarity on the issue of protecting Taiwan and resisting the Chinese Communist Party (CCP). The talk, delivered last night at Taoyuan’s Hakka Youth Association, was the second in a series of 10 that Lai is scheduled to give across Taiwan. Citing Taiwanese democracy pioneer Chiang Wei-shui’s (蔣渭水) slogan that solidarity brings strength, Lai said it was a call for political parties to find consensus amid disagreements on behalf of bettering the nation. All political parties should work together to defend democracy, protect Taiwan and resist
By refusing to agree spending increases to appease US President Donald Trump, Spanish Prime Minister Pedro Sanchez threatened to derail a summit that NATO Secretary-General Mark Rutte needs to run smoothly for the sake of the military alliance’s future survival. Ahead of yesterday’s gathering in The Hague, Netherlands, things were going off the rails. European officials have expressed irritation at the spoiler role that Sanchez is playing when their No. 1 task is to line up behind a pledge to raise defense spending to 5 percent of GDP. Rutte needed to keep Spain in line while preventing others such as Slovakia
RSS