President Ma Ying-jeou (馬英九) said yesterday Taiwan’s economy must not rely solely on China, but instead should expand to emerging markets with a strong base of consumers such as Russia, Brazil, India and Indonesia.
Ma said dealing with China required caution. Despite the threat China poses because of its deployment of more than 1,400 missiles targeted at Taiwan, it also presents many opportunities, he said.
“Some people are worried about China’s ‘united front’ tactics, saying we are like a frog being cooked in warm water without knowing the danger. Of course we must be careful when we are dealing with the mainland,” Ma said while meeting members of the China Youth Career Development Association Headquarters at the Presidential Office.
With government efforts to improve cross-strait relations, Ma said his administration has minimized threats and maximized opportunities.
Although Taiwan is in an economic doldrums, he has seen glimpses of light recovery, he said.
It may take a while, possibly to the end of the year, before we see economic statistics turn from negative to positive, he said, adding that the economy had a U-shape, meaning it would not rebound immediately but gradually.
Ma said Taiwan used to see China as a factory, but now it should consider it as a market. Only with such a change of mind can Taiwan increase its ability to respond to the changing global situation, he said.
Ma said speedy recovery of the country’s flat panel industry had a lot to do China’s domestic market. Ma said Taiwan was unlikely to see a dramatic change in its export-driven economy, but it could diversify its market.
Only with diversified markets could businesses decentralize the risks, he said.
Apart from Europe and the US, emerging markets with large populations and a strong base of consumption, such as Brazil, India, Russia and Indonesia, should be seen as good destinations for the country’s products, which are better quality and cost less, he said.
FATAL FIRE: The health department is trying to contact the inspector who visited the site of the illegal nursing home to ask why they did not advise follow-up checks The Taipei City Government yesterday said that a health department inspector last year had visited the site of a long-term care facility in Neihu District (內湖) after receiving a report questioning its status. A fire broke out at the facility on Tuesday afternoon, killing three people. The Taipei Fire Department said that it received a report about a fire on the first floor of a four-story residential building on Kangning Road Sec. 1 at 2:38pm on Tuesday, firefighters arrived at 2:43pm and the fire was put out by 3:07pm. The firefighters found three men in beds and rushed them to hospital for
Taipei City Councilor Wang Hao (王浩) of the Chinese Nationalist Party (KMT) on Monday called for security improvements to the MRT, as fare evasion has increased more than 13-fold on the metropolitan railway system over the past five years. Taipei Mayor Ko Wen-je (柯文哲) has spoken out against fare evasion and other contraventions of MRT regulations, but since he took office in 2015 the number of contraventions has more than doubled, Wang said, adding that there were 537 cases in 2015 compared with 959 last year. A video was posted to YouTube in June showing people how to evade paying a fare,
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Yuchi Township (魚池) fishers have appealed to the Nantou County Government for help in dealing with an invasive fish species in Sun Moon Lake (日月潭), where it has devastated the local ecosystem. Fishers at Sun Moon Lake have been using electrofishing in an attempt to eliminate the giant snakehead fish — found in Africa and Southeast Asia — but they have struggled to keep up with the growing population of the species, which breeds during September and October, the county government said on Monday. The county has contacted researchers at National Tsing Hua University, saying it hoped they could come up