Now is the best time for Taiwanese businesses to return home, President Tsai Ing-wen (蔡英文) said at a Lunar New Year banquet in Taipei for Taiwanese businesspeople operating in China.
At the Grand Hotel yesterday, Tsai said that although she is no longer Mainland Affairs Council minister, her concern for overseas businesspeople remains the same.
While the Taiwanese economy faces challenges such as a global economic slowdown and weakening trade demand, and changes in US-China trade relations, these challenges also present an opportunity for improvements, Tsai said.
Photo: Peter Lo, Taipei Times
To respond to these challenges, the government is working on three major initiatives: expanding domestic demand, assisting overseas businesses to return and invest in Taiwan, and marketing Taiwan globally, she said.
The government hopes that an increase in domestic demand could offset the decline in exports and allow the economy to grow at a steady rate, she said, adding that she looks forward to overseas businesspeople playing an important role in this process.
For overseas Taiwanese businesses, the most effective response to global economic conditions would be to move production back to Taiwan, she added.
Now is the best opportunity, she said, calling on overseas businesses to switch their products from being “made by Taiwanese businesses” to being “made in Taiwan.”
Taiwan welcomes returning businesses with open arms, she said, adding that this year, the government proposed a business-oriented action plan devoted to eliminating investment hurdles.
A customized, one-stop service integrates various aspects of investment, such as land, labor, water supply, electricity and taxes, she said.
The government is working with greater intensity on developing strategic partnerships with countries covered by the New Southbound Policy, she said.
Straits Exchange Foundation Chairwoman Katharine Chang (張小月) said that nearly 600 guests — the highest in years — attended the banquet, which was sponsored by the foundation, the Mainland Affairs Council, the Ministry of Economic Affairs, the Chinese National Federation of Industries and the General Chamber of Commerce of the Republic of China.
At the banquet, Tsai also discussed cross-strait relations, saying: “We have never opposed cross-strait exchanges.”
Given China’s geographic proximity, it is natural and inevitable that the two countries would interact in areas affecting tourists, businesses and marriages, she said.
However, these interactions should not be restricted or disturbed by any sort of political framework or preconditions, she said, adding that only with equal dignity can Taiwan and China create a mutually beneficial situation.
Taiwan, as a responsible member of the international community, would continue maintain stable cross-strait relations, but that responsibility should be shouldered by all players in the region, Tsai said.
Chang said that cross-strait exchanges should be founded on humanity and kindness, adding that no political preconditions should be set.
She said she hopes that Taiwanese businesspeople in China would not be put in a difficult position.
CAUTION URGED: Strong winds and heavy rain are forecast throughout the nation, even though the CWB was not sure whether the eye would make landfall in Taiwan The Central Weather Bureau (CWB) yesterday issued a land warning for Typhoon Chanthu, as it continued to gain power while approaching Taiwan from the southeast. As of 8pm last night, Chanthu was about 410km southeast of Pingtung County’s Oluanpi (鵝鑾鼻), the southernmost point of Taiwan proper, moving northwest at 15kph toward the Bashi Channel. The typhoon had maximum sustained winds of 209kph, with gusts of up to 263kph, bureau data showed. Chanthu, which is likely to come closest to the nation over the weekend, could pose a threat throughout Taiwan proper, but particularly in Taitung and Pingtung, the bureau said. Strong winds and heavy
CLOSED FOR DISINFECTION: Two of the three local cases were linked to a cluster infection at a kindergarten, while the other case works at a McDonald’s restaurant The Central Epidemic Command Center (CECC) yesterday reported three new local COVID-19 infections and 11 imported cases, but no deaths. The local cases are two men and a woman aged between 20 and 80 who reside in Taipei, New Taipei City and Taoyuan, the CECC said in a news release. Two of them are linked to a cluster infection at a kindergarten in New Taipei City’s Banciao District (板橋), said Centers for Disease Control Deputy Director-General Chuang Jen-hsiang (莊人祥), who is the CECC’s spokesman. He said they are both associated with the mother of a kindergarten student, who was earlier confirmed to have
BIOLOGICAL AGENT: A containment exercise was held in southern Tainan, in response to a mock assault where troops were assumed to be attacked by bioweapons The live-fire component of this year’s annual Han Kuang military exercises, Taiwan’s major war games involving all military branches, began yesterday morning and is to run until Friday to test the armed forces’ capability to fend off a Chinese invasion. The 37th edition of the annual event officially began after the Ministry of National Defense’s Joint Operations Command Center, also known as the Hengshan Command Center, announced the initiation of the five-day live-fire drills. Yesterday’s drills were focused on testing the military’s preservation and maintenance of combat capabilities in the event of a full-scale Chinese invasion. As part of the drills, air force
ECONOMY TO BENEFIT: Premier Su Tseng-chang said that online retailers were not excluded as they agreed to work with the government in helping local businesses The Quintuple Stimulus Voucher program has been finalized and Oct. 8 set as the issuance date, while an economic benefit of up to NT$200 billion (US$7.21 billion) is expected, the Executive Yuan said yesterday. Premier Su Tseng-chang (蘇貞昌) disclosed the program details at a news conference in Taipei. The vouchers would be offered in print or electronic versions to Taiwanese; their foreign, including Chinese, spouses; holders of Alien Permanent Resident Certificates; and diplomats, Su said. People can register for digital vouchers from Sept. 22 via 5000.gov.tw or other digital payment platforms, while registration for print vouchers is available at convenience stores from Sept.