The Mainland Affairs Council (MAC) has approved amendments to the Act Governing Relations Between the People of the Taiwan Area and the Mainland Area (臺灣地區與大陸地區人民關係條例) in a bid to deter Chinese capital from infiltrating Taiwan.
The amendments, which include punitive measures, have been forwarded to the Executive Yuan for further review, the council said.
An increasing number of Chinese businesses have recruited talent in Taiwan by making investments via third-party companies, with local assistance, it added.
Photo: Chung Li-hua, Taipei Times
Other Chinese investors have circumvented existing review measures by “borrowing” Taiwanese licenses, it said, adding that such actions have severely disrupted Taiwan’s economy and hurt its national interests.
An amendment to Article 40-1 states that a for-profit Chinese business at a third-party location cannot conduct company operations in Taiwan unless authorized and that all subsidiaries established in Taiwan by the company must comply with the Company Act (公司法).
How these companies are defined is to be determined by the Ministry of Economic Affairs, the council said.
Company employees contravening the amended act would face up to three years in prison, and a fine of NT$15 million (US$540,346), it added.
An amendment to Article 93-1 added that companies found to be a front for Chinese firms or lending their licenses to Chinese making unauthorized investments in Taiwan would face a fine of up to NT$25 million, it said.
Offenders would be ordered to cease such actions immediately and, if necessary, the government could suspend the rights of the company’s shareholders, it added.
Raising the prison sentences from one year to three years would better protect the development of local industries, it said.
‘IRRATIONAL ACTS’: The defense ministry condemned the drills, during which China tested successors to missiles deployed during the Taiwan Strait Crisis in 1995 and 1996 China yesterday fired several Dongfeng ballistic missiles as it began four days of unprecedented military drills off Taiwan proper following US House of Representatives Speaker Nancy Pelosi’s visit to Taipei the previous day. On Tuesday, Chinese Minister of Foreign Affairs Wang Yi (王毅) said Beijing would “take all necessary measures” in retaliation should Pelosi visit Taiwan during her Asia tour. The Chinese People’s Liberation Army (PLA) from 1:56pm to 4pm fired 11 Dongfeng missiles into waters north, east and south of Taiwan proper, the Ministry of National Defense (MND) said. Taiwanese armed forces, using “forward warning and surveillance mechanisms,” monitored the missile tests
ANNEXATION PLANS: Remarks by the Chinese ambassador to France showed that Beijing seeks to normalize genocide, re-education and gulags, a US official said European and US officials condemned comments from Chinese Ambassador to France Lu Shaye (盧沙野), after he on Wednesday said that Taiwanese would be “re-educated” after any annexation by China. In an interview on French television, Lu accused the Democratic Progressive Party of “extremist” propaganda and turning Taiwanese against “reunification” with China. “We will re-educate. I’m sure that the Taiwanese population will again become favorable of the reunification and will become patriots again,” Lu told BFM TV. The term “re-education” has been used to describe Chinese authorities’ treatment of Uighurs and other Muslim minority groups in Xinjiang. European Parliament Subcommittee on Security and Defense Chairwoman
‘SIMULATED ATTACKS’: Ten warships each from China and Taiwan were maneuvering at close quarters in the Taiwan Strait, with some Chinese vessels crossing the median line Taiwan yesterday reiterated that it would not succumb to pressure from Beijing after China carried out its most provocative military drills in decades in retaliation for US House of Representatives Speaker Nancy Pelosi’s trip to Taiwan last week. “We will never bow to pressure. We uphold freedom and democracy, and believe Taiwanese disapprove [of] China’s bullying actions with force and saber rattling at our door,” Premier Su Tseng-chang (蘇貞昌) said yesterday. China had “arrogantly” disrupted regional peace and stability, he said, calling on Beijing to not flex its military muscles. President Tsai Ing-wen (蔡英文) has also called on the international community to “support
‘IRRATIONAL ACTION’: China’s planned drills off Taiwan proper spurred the nation to ‘prepare for war, but we do not seek it,’ a spokesman for the defense ministry said The military is ready to counter “any actions that threaten national sovereignty,” Ministry of National Defense spokesman Major General Sun Li-fang (孫立方) said yesterday in response to China’s announcement of military drills near Taiwan. The Chinese military on Tuesday announced it would hold air and sea live-fire exercises in six locations off Taiwan proper from noon today until noon on Sunday. The drills would be in response to US House of Representatives Speaker Nancy Pelosi’s visit to Taiwan this week, which China said breached the “one China” principle — a claim that the US has denied. The drills would be “an irrational action