New Taipei City Mayor and Chinese Nationalist Party (KMT) Chairman Eric Chu (朱立倫) yesterday expressed hope that Taiwan would develop a greater role in the global community based on the so-called “1992 consensus” between Taiwan and China.
Speaking at the 10th Cross-Strait Economic, Trade and Culture Forum in Shanghai, Chu said that he expects Taiwan to play a bigger role if the nation takes part in the China-initiated Asian Infrastructure Investment Bank (AIIB), Beijing’s “One Belt, One Road” trade initiative and the Regional Comprehensive Economic Partnership (RCEP) trade bloc.
Despite its smaller economy, land mass and population, Taiwan has strengths in innovation, management experience and research and development, allowing it to make substantial contributions to regional economic development through cooperation with China, Chu said.
Photo: AP
The “1992 consensus” refers to a supposed understanding between the KMT and the Chinese Communist Party (CCP) that both Taiwan and China acknowledge there is “one China,” with each side having its own interpretation of what that means. In 2006, former KMT legislator Su Chi (蘇起) admitted that he made up the term “1992 consensus” in 2000, when he was head of the Mainland Affairs Council, before the KMT handed power to the Democratic Progressive Party.
National Committee of the Chinese People’s Political Consultative Conference Chairman Yu Zhengsheng (俞正聲) said that Chu’s ideas could be discussed further at the annual KMT-CCP forum, as part of efforts to seek Taiwan’s participation in the AIIB, the “One Belt, One Road” initiative and the RCEP, and further possible approaches for cross-strait cooperation.
The discussions are aimed at increasing the competitiveness of “ethnic Chinese” and expanding their presence in the international market, Yu said.
Photo: CNA
Yu also said that the annual forum should stick to China’s stance regarding the “1992 consensus” and opposition to Taiwanese independence, which he described as a “mutual political foundation” for the development of cross-strait relations.
As China enters what has been called a “new normal” with lower economic growth, Beijing plans to help drive rational industrial positioning and introduce new measures for Taiwanese companies in China to address their problems with transformation and upgrading, Yu said.
China will also continue to protect the interests of the Taiwanese public, small and medium-size businesses, farmers and fishermen, allowing them to enjoy the benefits of enhanced cross-strait relations, he said.
Yu also urged the expansion of youth exchanges between Taiwan and China to encourage the wider involvement of young people in efforts to improve related policies.
Chu arrived in Shanghai on Saturday with a 100-member delegation to attend the annual KMT-CCP economic and cultural forum.
The highlight of Chu’s three-day visit is expected to be his first meeting with Chinese President and CCP General Secretary Xi Jinping (習近平). The meeting is to take place in Beijing today.
Chu yesterday avoided giving a direct answer to reporters’ questions about a peace pact between Taiwan and China.
Asked whether he would take advice provided by New Party Chairman Yok Mu-ming (郁慕明) and raise the issue of a cross-strait peace accord during a meeting with Xi, Chu said only that there are different opinions in Taiwan regarding the issue.
Some people prefer a more active pursuit of a peace pact and some are against it, but the KMT has its own objective and course of action, he said.
“We will hold our ground on what to do,” Chu said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to start construction of its 1.4-nanometer chip manufacturing facilities at the Central Taiwan Science Park (CTSP, 中部科學園區) as early as October, the Chinese-language Liberty Times (the Taipei Times’ sister newspaper) reported yesterday, citing the park administration. TSMC acquired land for the second phase of the park’s expansion in Taichung in June. Large cement, construction and facility engineering companies in central Taiwan have reportedly been receiving bids for TSMC-related projects, the report said. Supply-chain firms estimated that the business opportunities for engineering, equipment and materials supply, and back-end packaging and testing could reach as high as
CHAMPIONS: President Lai congratulated the players’ outstanding performance, cheering them for marking a new milestone in the nation’s baseball history Taiwan on Sunday won their first Little League Baseball World Series (LLBWS) title in 29 years, as Taipei’s Dong Yuan Elementary School defeated a team from Las Vegas 7-0 in the championship game in South Williamsport, Pennsylvania. It was Taiwan’s first championship in the annual tournament since 1996, ending a nearly three-decade drought. “It has been a very long time ... and we finally made it,” Taiwan manager Lai Min-nan (賴敏男) said after the game. Lai said he last managed a Dong Yuan team in at the South Williamsport in 2015, when they were eliminated after four games. “There is
Democratic nations should refrain from attending China’s upcoming large-scale military parade, which Beijing could use to sow discord among democracies, Mainland Affairs Council Deputy Minister Shen You-chung (沈有忠) said. China is scheduled to stage the parade on Wednesday next week to mark the 80th anniversary of Japan’s surrender in World War II. The event is expected to mobilize tens of thousands of participants and prominently showcase China’s military hardware. Speaking at a symposium in Taichung on Thursday, Shen said that Chinese Minister of Foreign Affairs Wang Yi (王毅) recently met with Indian Prime Minister Narendra Modi during a visit to New Delhi.
FINANCES: The KMT plan to halt pension cuts could bankrupt the pension fund years earlier, undermining intergenerational fairness, a Ministry of Civil Service report said The Chinese Nationalist Party (KMT) caucus’ proposal to amend the law to halt pension cuts for civil servants, teachers and military personnel could accelerate the depletion of the Public Service Pension Fund by four to five years, a Ministry of Civil Service report said. Legislative Speaker Han Kuo-yu (韓國瑜) on Aug. 14 said that the Act Governing Civil Servants’ Retirement, Discharge and Pensions (公務人員退休資遣撫卹法) should be amended, adding that changes could begin as soon as after Saturday’s recall and referendum. In a written report to the Legislative Yuan, the ministry said that the fund already faces a severe imbalance between revenue