Democratic Progressive Party (DPP) presidential candidate Frank Hsieh (
"It has way too many flaws," Hsieh said. "Instead of explaining it more clearly, Ma ducks the questions and denies he ever proposed it."
Hsieh has proposed putting the common market proposal to a referendum and said that voters who supported the concept should vote for Ma and those opposing it should vote for him.
Hsieh made the remarks while discussing the common market concept with former DPP legislator Lin Cho-shui (
Hsieh said he is opposed to the "cross-strait common market" because a free flow of capital, labor and technology between Taiwan and China would undermine the local economy.
Hsieh said Ma asked Vincent Siew (
"Will the economy be better if Ma is president?" Hsieh asked.
Hsieh said that he did not think Ma knew how to tackle the problem of utility fees, while Hsieh said he acquired a full knowledge of it during his stint as premier.
Hsieh said he was against using further development and the investment of public funds to boost the economic growth rate because it would drive up commodity prices.
He is also against allowing Chinese investment in residential property because it would sabotage the supply and demand chain, he said. The country would pay a dear price if 10,000 Chinese tourists were allowed to visit Taiwan daily, he said.
To improve the economy, Hsieh said local industries must upgrade their technology and diversify their investments. His concept of economic prosperity would allocate resources more fairly, establish social justice and maintain the sustainable development of the environment, he said.
He would like to see the unemployed get jobs, commodity prices remain stable, less debt and lower housing costs. He also proposed cutting taxes, reducing inheritance and gift taxes and decreasing the corporate income tax rate.
To lure Chinese investment back, Hsieh said he proposed granting an amnesty to China-based Taiwanese businesspeople so that they could transfer their capital back home.
China has reserved offshore airspace in the Yellow Sea and East China Sea from March 27 to May 6, issuing alerts usually used to warn of military exercises, although no such exercises have been announced, the Wall Street Journal (WSJ) reported yesterday. Reserving such a large area for 40 days without explanation is an “unusual step,” as military exercises normally only last a few days, the paper said. These alerts, known as Notice to Air Missions (Notams), “are intended to inform pilots and aviation authorities of temporary airspace hazards or restrictions,” the article said. The airspace reserved in the alert is
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