Direct commodity shipment across the Strait should be started before passenger transportation since all it takes is to annul regulations that require cross-strait trip detouring via third countries just for the purpose of getting their documents rubberstamped.
TT: After the trade policy is relaxed, what will be the major negative impact on Taiwan's economy?
Chiang: What worries me the most is the likelihood of hollowing out Taiwan's technologic capabilities. Exodus of Taiwanese capital to China has proven harmless to Taiwan's economy. For the past 15 years, Taiwan's exports have made a profit of NT$165 billion, mainly from trade in China. However, if China catches up with Taiwan in terms of technology, Taiwan may not be able to compete with it. Therefore, Taiwan should continue to develop its high-tech sector and other advanced industries.
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