Beijing’s incentives for Taiwanese businesspeople to invest in China are only intended to lure them across the Taiwan Strait, after which they receive no real support, an expert said on Sunday.
Over the past few years, Beijing has been offering a number of incentives that “benefit Taiwanese in name, while benefiting China in reality,” a cross-strait affairs expert said on condition of anonymity.
Strategies such as the “31 incentives” are intended to lure Taiwanese talent, capital and technology to help address China’s economic issues while also furthering its “united front” efforts, they said.
Local governments in China do not offer much practical help once Taiwanese move there, leaving many nearly destitute if their ventures fail, they added.
There are a few hundred thousand such people in China, creating an issue for Chinese authorities, the expert said.
Beijing does not mention the risks at the outset, they said, urging Taiwanese to consider the risks before moving across the Strait.
There is an entire category of Taiwanese in China who moved there to start a business and later failed, and are now unwilling to return home out of shame, a Straits Exchange Foundation official said.
Some longtime residents have cut ties with loved ones in Taiwan, making it even harder to return, they said, adding that the foundation and Taiwanese business associations handle many cases in which families are unwilling to travel to China to handle funeral arrangements once the residents pass away.
For Taiwanese, there is considerable risk involved in starting a business in China, Cross-Strait Policy Association researcher Wu Se-chih (吳瑟致) said.
China in the past few years has set up many business parks offering incentives for Taiwanese to start businesses or work there, but after they arrive, many find that the offerings fall short of their expectations, Wu said.
Taiwanese entrepreneurs must also compete with Chinese in an unfamiliar setting, facing local governments that are unwilling to help and an economy in decline, he said.
A lack of cross-strait communication also hides the risks, including the possibility of being arrested for political reasons, he added.
“Chinese incentives for Taiwanese are only meant to trick them into moving over,” Wu said.
Whether for investment, starting a business or to work, Chinese authorities only offer consultation at best, but no practical or follow-up help, he said.
As for the issue of repatriation, Democratic Progressive Party Legislator Kuo Kuo-wen (郭國文) said not all Taiwanese in China are in need of welfare, but if they are really disadvantaged, then the Taiwanese government should offer assistance.
However, each person’s circumstances should be taken into consideration, including their age and reasons for staying in China, he said.
The government could consider offering psychological counseling, he said, adding that the nation has an obligation to help citizens return home if they wish.
A domestically developed “suicide drone,” also known as a loitering munition, would be tested and evaluated in July, and could enter mass production next year, Taiwan’s weapons developer said on Wednesday. The yet-to-be-named drone was among nine drone models unveiled by the National Chungshan Institute of Science and Technology (NCSIST) on Tuesday. The drone has been dubbed the “Taiwanese switchblade” by Chinese-language media, due to its similarity to the US-made AeroVironment Switchblade 300, which has been used by Ukraine in counterattacks during Russia’s invasion. It has a range of more than 10km, a flight time of more than 15 minutes, and an electro-optical
OFFLINE: People who do not wish to register can get the money from select ATMs using their bank card, ID number and National Health Insurance card number Online registration for NT$6,000 (US$196.32) cash payments drawn from last year’s tax surplus is to open today for eligible people whose national ID or permanent residency number ends in either a zero or a one, the Ministry of Finance said on Monday. Officials from the ministry revealed which days Taiwanese and eligible foreigners would be able to register for the cash payments at a joint news conference with the Ministry of Digital Affairs. Online registration is to open tomorrow for those whose number ends in a two or three; on Friday for those that end in a four or five: on Saturday
Civil Aeronautics Administration (CAA) officials are investigating why a Starlux Airlines flight to Penang, Malaysia, returned to Taiwan Taoyuan International Airport nearly two hours after takeoff yesterday morning. The airline said in a statement that Flight JX721 to Penang took off from Taoyuan airport at 9:20am. “After the dashboard showed a signal of an abnormality in the hydraulic system, the captain followed standard operating procedures and returned the flight to Taoyuan airport for safety precautions,” the airline said, adding that the flight landed safely at the airport at 11:04am. The airline arranged for the passengers to have lunch after the flight landed and
TECH PROGRAM: A US official said that an important part of the delegation’s trip would be to meet with Taiwan Semiconductor Manufacturing Co executives The US is to send officials in charge of chip development to Taiwan, Japan and South Korea to promote cooperation in the global semiconductor supply chain, the US Department of Commerce said on Tuesday. Chips Program Office Director Michael Schmidt announced the visit, which marks the first time officials from the office are to visit the three nations since it was set up in September last year. “As semiconductors and technologies continue to evolve, the United States will keep working with allies and partners to develop coordinated strategies to ensure that malign actors cannot use the latest technologies to undermine our collective