The pan-blue camp, joined by business groups and some academics, yesterday harshly criticized the Mainland Affairs Council's decision to leave a relaxation of the China-bound investment cap and direct cross-strait flights off the agenda for the economic conference that opens today, saying that the move would hamper the nation's economic development.
Objecting particularly to the conference organizers' decision to exclude a proposal to push for direct transport links with China, the Chinese Nationalist Party (KMT) yesterday asked its party members who were participating in the event to express their objections and toe the party line.
Some party members suggested that the KMT should boycott the conference.
"It's impossible to reach any consensus under the circumstances. If we attend the conference, then it's like endorsing the government's economic policies," KMT Legislator Lee Jih-chu (李紀珠) said yesterday during the KMT's Central Standing Committee Meeting.
While agreeing that the party should not be "hijacked" by the conference, Ma demanded that party members participate as individuals, rather than as representatives of the KMT.
"The KMT should present our views on issues including direct links, finance and environmental protection at the conference," Ma said, adding that it was inappropriate to boycott the conference.
A total of 15 KMT think tank members will take part in the conference, but the KMT caucus decided to not to participate.
Ma said the party would hold a press conference after the conference to formally announce KMT policies regarding the issues discussed at the conference.
Kenneth Lin (林向愷), an economics professor at National Taiwan University, said the government was doing a poor job of improving the investment environment as the investment volumes by home-grown industries indicated that the nation was lagging behind the other three Asian tigers -- Singapore, Hong Kong and South Korea.
Kung Ming-hsin (龔明鑫), vice president of the Taiwan Institute of Economic Research (台經院), said the 40 percent cap, which had been ineffective in slowing the flow of capital to China, had actually become a burden to the Taiwanese economy.
"The government has the ability to review the effectiveness of this policy and come up with a more effective mechanism. [Low-end] industries which want to move to China should be allowed to go. But [high-end technology industries] should not be allowed to invest even one percent of their capital in China," Kung said.
Meanwhile, the Chinese National Federation of Industries (CNFI) said yesterday that it would participate in the conference to push for cross-strait relaxation, but warned it would drop out if its recommendations were rejected.
"We will participate in the conference despite the fact that we have been unfairly treated," CNFI Secretary General Wang Yea-kang (
Additional reporting by Amber Chung
A tropical depression east of the Philippines became a tropical storm early yesterday, the Central Weather Administration (CWA) said, less than a week after a typhoon barreled across the nation. The agency issued an advisory at 3:30am stating that the 22nd tropical storm, named Yinxing, of the Pacific typhoon season formed at 2am. As of 8am, the storm was 1,730km southeast of Oluanpi (鵝鑾鼻), Taiwan’s southernmost point, with a 100km radius. It was moving west-northwest at 32kph, with maximum sustained winds of 83kph and gusts of up to 108kph. Based on its current path, the storm is not expected to hit Taiwan, CWA
Commuters in Taipei picked their way through debris and navigated disrupted transit schedules this morning on their way to work and school, as the city was still working to clear the streets in the aftermath of Typhoon Kong-rey. By 11pm yesterday, there were estimated 2,000 trees down in the city, as well as 390 reports of infrastructure damage, 318 reports of building damage and 307 reports of fallen signs, the Taipei Public Works Department said. Workers were mobilized late last night to clear the debris as soon as possible, the department said. However, as of this morning, many people were leaving messages
A Canadian dental assistant was recently indicted by prosecutors after she was caught in August trying to smuggle 32kg of marijuana into Taiwan, the Aviation Police Bureau said on Wednesday. The 30-year-old was arrested on Aug. 4 after arriving on a flight to Taiwan Taoyuan International Airport, Chang Tsung-lung (張驄瀧), a squad chief in the Aviation Police Bureau’s Criminal Investigation Division, told reporters. Customs officials noticed irregularities when the woman’s two suitcases passed through X-ray baggage scanners, Chang said. Upon searching them, officers discovered 32.61kg of marijuana, which local media outlets estimated to have a market value of more than NT$50 million (US$1.56
FATALITIES: The storm claimed at least two lives — a female passenger in a truck that was struck by a falling tree and a man who was hit by a utility pole Workers cleared fallen trees and shop owners swept up debris yesterday after one of the biggest typhoons to hit the nation in decades claimed at least two lives. Typhoon Kong-rey was packing winds of 184kph when it slammed into eastern Taiwan on Thursday, uprooting trees, triggering floods and landslides, and knocking out power as it swept across the nation. A 56-year-old female foreign national died from her injuries after the small truck she was in was struck by a falling tree on Provincial Highway 14A early on Thursday. The second death was reported at 8pm in Taipei on Thursday after a 48-year-old man
RSS