A prediction by Gordon Chang (章家敦), author of The Coming Collapse of China, that the Chinese communist regime would fall within a decade met with skepticism at a public hearing yesterday.
"My message to the people of Taiwan is simple: Your neighbor, the mainland, is trembling," Chang said at the Legislative Yuan yesterday morning.
PHOTO: GEORGE TSORNG, TAIPEI TIMES
"The government will collapse in five or six years, a decade at the most."
The US attorney also highlighted what he said was the importance of his first book, deemed by many as an eye-opener for "China optimists."
"In the future, people around the world will see China collapse in the safety of their own home. They will see all this chaos and will go on with their lives. The people of Taiwan do not have that same luxury," Chang said.
"China is your neighbor, the bully next door. When the Chinese giant fails, you can't avoid the consequences," Chang told a roomful of officials, lawmakers and the press.
Chang also predicted that when China's economy fails, leaders in Beijing will raise the flag of nationalism even higher as a means of keeping themselves in power.
"Unfortunately, that means the mainland is going to be even more aggressive with its neighbors," including Taiwan, Chang said.
Chang said four major elements determined China's stability. He said the Chinese government was heavily indebted, once pension liabilities and non-performing loans were included, and that the government was unable to finance the deficit spending that has been propelling China's economic growth.
Although China's WTO accession can benefit the country once structural reforms are made, it will produce short-term problems, Chang said.
Rising unemployment, corruption, crumbling state-owned enterprises as well as social unrest, he said, would become inevitable in the wake of the "shock therapy of the WTO" following five decades of mismanagement.
He said China would also suffer from a rough transition of power to the next generation of leaders, exacerbated by the global economic downturn in the wake of the Sept. 11 attacks on the US.
"The point is, China faces these challenges all at once, not just one challenge at one time," Chang said, adding that he did not believe the new generation of leaders could cope with this upheaval.
He said that reforms took time to implement, and there were no guarantees that China would use the time it has left effectively.
Describing Mao Zedong (
"China's new leaders have not changed the Maoist system, in which the Chinese Communist Party directs and society is supposed to follow. But they have sought to create a more modern nation and they have opened the country" to all forces that apply around the world, Chang said.
But Chang's opinions found their critics yesterday afternoon, when he joined a roomful of scholars at the Institute of International Relations at National Chengchi University for a panel discussion.
Some were cynical about Chang's prediction that the Chinese communist regime would fall in the near future.
"I bet that the regime won't collapse in five years," said Chen Chih-jou (
"A collapse would require a split among the leadership. Without this trigger, it's unlikely we'll see the downfall," Chen said.
Others were equally skeptical.
"Although market reforms may trigger structural contradiction in society, it will not necessarily lead to the collapse of the regime," said Wu Jieh-min (吳介民), associate professor at the Institute of Sociology at National Tsinghua University.
Wu said the majority of the intellectuals instrumental in leading the yearning for democracy and reform prior to the Tiananmen massacre in 1989 had fled China and had lost their contacts there. As a result, there was little prospect of them leading any campaign to challenge the communist leadership, he said.
It also remained doubtful whether religious groups such as the Falun Gong would transform themselves into organizations willing and able to trigger any political upheaval, Wu added.
Chang defended himself by predicting a bottom-up revolution orchestrated by disenchanted peasants and workers.
Peasants and workers who once had strong faith in the communist party may trigger "revolutionary unrest" once they see private entrepreneurs absorbed into the party and "hijacking" it, Chang said.
Considering that most countries issue more than five denominations of banknotes, the central bank has decided to redesign all five denominations, the bank said as it prepares for the first major overhaul of the banknotes in more than 24 years. Central bank Governor Yang Chin-lung (楊金龍) is expected to report to the Legislative Yuan today on the bank’s operations and the redesign’s progress. The bank in a report sent to the legislature ahead of today’s meeting said it had commissioned a survey on the public’s preferences. Survey results showed that NT$100 and NT$1,000 banknotes are the most commonly used, while NT$200 and NT$2,000
The Centers for Disease Control (CDC) yesterday reported the first case of a new COVID-19 subvariant — BA.3.2 — in a 10-year-old Singaporean girl who had a fever upon arrival in Taiwan and tested positive for the disease. The girl left Taiwan on March 20 and the case did not have a direct impact on the local community, it said. The WHO added the BA.3.2 strain to its list of Variants Under Monitoring in December last year, but this was the first imported case of the COVID-19 variant in Taiwan, CDC Deputy Director-General Lin Ming-cheng (林明誠) said. The girl arrived in Taiwan on
South Korea is planning to revise its controversial electronic arrival card, a step Taiwanese officials said prompted them to hold off on planned retaliatory measures, a South Korean media report said yesterday. A Yonhap News Agency report said that the South Korean Ministry of Foreign Affairs is planning to remove the “previous departure place” and “next destination” fields from its e-arrival card system. The plan, reached after interagency consultations, is under review and aims to simplify entry procedures and align the electronic form with the paper version, a South Korean ministry official said. The fields — which appeared only on the electronic form
The Ministry of Foreign Affairs (MOFA) is suspending retaliation measures against South Korea that were set to take effect tomorrow, after Seoul said it is updating its e-arrival system, MOFA said today. The measures were to be a new round of retaliation after Taiwan on March 1 changed South Korea's designation on government-issued alien resident certificates held by South Korean nationals to "South Korea” from the "Republic of Korea," the country’s official name. The move came after months of protests to Seoul over its listing of Taiwan as "China (Taiwan)" in dropdown menus on its new online immigration entry system. MOFA last week