Tue, Nov 23, 2004 - Page 4 News List

China's policies need explanation

MONEY TALKS Chinese economic policies affect other nations and should be explained to nations it does business with, advisors to the MAC say

By Joy Su  /  STAFF REPORTER

The Mainland Affairs Council should take steps toward establishing a mechanism to communicate major economic policies between Taiwan and China, according to the council's consultative committee and advisors.

"Several members of the consultative committee feel that due to the regional impact China's economy could have, explaining its policies is China's responsibility," said Chang Shu-ti (張樹棣), director of the council's Department of Policy Planning. He cited China's recent hike in interest rates as an example, saying that it was a move that impacted its trade relations with other nations.

"Due to the interconnected economies of Taiwan and China, the advisors suggested that the council take proactive measures urging China to make clear their economic policies," Chang said during a press conference held after the closed-door consultative committee meeting yesterday evening.

The advisors also said the council should continue to keep a close eye on China's domestic policies following the 4th Plenary Session of the 16th Chinese Communist Party Central Committee during which the party drafted a resolution to increase its ability to govern. In a recent article published online, the People's Daily called the resolution "a long-term comprehensive systematic project" without precedent "in the history of the Communist Party, or even the history of the party in the world."

"Most of the advisors felt that China's move to increase its ability to rule is geared exclusively toward administrative and technical aspects and does not include any sort of significant political shift," Chang said.

Chang relayed the sentiment that because many of the societal problems China faces have come about over a period of many years (such as corruption and a wide income gap between the rich and poor) solutions to these problems would not be easily achieved in the short term. Taiwan should continue to monitor the results of China's move to increase its ability to govern, Chang said.

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