Top officials delivered a mixed message to Taiwanese businesspeople working in China yesterday, with Minister of Economic Affairs John Deng (鄧振中) vowing to create a more investment-friendly environment to entice investment in Taiwan, while Straits Exchange Foundation Chairman Lin Join-sane (林中森) called for Taiwan’s participation in Beijing “One Belt, One Road” trade intiative a way to boost local businesses international visibility.
Speaking at a Dragon Boat Festival get-together in Taipei for China-based Taiwanese, Deng said Taiwan’s business environment has an edge over China in terms of transparency and rule of law, while Taiwanese enterprises have seen their operating costs in China rise because of higher labor costs and more stringent environmental and labor laws.
The complaints China-based Taiwanese businesspeople file with the ministry are mostly disputes about land-use rights and compensation for land acquisition, he said.
Photo: CNA
The government has committed itself to assisting Taiwanese businesses in investing at home and positioning themselves globally, Deng said, referring to a new online export momentum assessment system.
The government has also been acquiring vacant properties and establishing an industrial land reserve system and an industrial land database, he said.
Department of Investment Services Director Vivian Lien (連玉蘋) said the Ministry of Economic Affairs set its goal for domestic investment by overseas Taiwanese businesspeople this year at NT$53.5 billion (US$1.73 billion), and 76 percent of that amount, or NT$40.4 billion, was reached just at the end of last month.
Not only did that exceed the ministry’s expectations, it surpassed the investment amount reached during the same period last year, she said.
Association of Taiwan Investment Enterprises on the Mainland chairman Kuo Shan-hui (郭山輝) told the gathering that he would support Deputy Legislative Speaker Hung Hsiu-chu’s (洪秀柱) presidential bid on the Chinese Nationalist Party (KMT) ticket, saying Hung has concerned herself with the predicament of Taiwanese businesspeople in China, according to the Chinese-language Apple Daily.
“What concerns Taiwanese businesspeople most is the cross-strait relations, and any party that can consistently involve itself with the investment rights of Taiwanese businesspeople in China is good,” Kuo said.
Taiwanese businesspeople have suffered from the global and Chinese economic slowdown this year, so it is imperative that Taiwanese businesses undergo an industrial transition to survive, Kuo said.
Chinese recently announced “Made in China 2025” plan would spur the automatic production in China and boost Taiwanese industrial upgrades, Kuo said.
The Chinese government is engaged in economic and political reforms, which promise a fairer business environment for Taiwanese, with Chinese President Xi Jinping (習近平) promising to“rule the country in accordance with law” in his New Year speech this year, Kuo said.
However, addressing the increasing competition that Taiwanese businesses are facing from their Chinese counterparts, Taiwan Merchant Association in Shenzhen president Chen Ho-tai (陳合泰) said the “One Belt, One Road” initiative is a turning point for Taiwanese enterprises to launch an industrial transition and avert conflicts with Chinese companies.
Lin echoed Chen’s view, saying that Taiwan’s participation in the Chinese initiative is crucial to creating new market space, as countries included in the “One Belt, One Road” framework are populous and have lower GDPs — prospective “blue oceans” of business opportunities.
CAUTION: Based on intelligence from the nation’s security agencies, MOFA has cautioned Taiwanese travelers about heightened safety risks in China-friendly countries The Ministry of Foreign Affairs (MOFA) yesterday urged Taiwanese to be aware of their safety when traveling abroad, especially in countries that are friendly to China. China in June last year issued 22 guidelines that allow its courts to try in absentia and sentence to death so-called “diehard” Taiwanese independence activists, even though Chinese courts have no jurisdiction in Taiwan. Late last month, a senior Chinese official gave closed-door instructions to state security units to implement the guidelines in countries friendly to China, a government memo and a senior Taiwan security official said, based on information gathered by Taiwan’s intelligence agency. The
The National Immigration Agency (NIA) said yesterday that it will revoke the dependent-based residence permit of a Chinese social media influencer who reportedly “openly advocated for [China’s] unification through military force” with Taiwan. The Chinese national, identified by her surname Liu (劉), will have her residence permit revoked in accordance with Article 14 of the “Measures for the permission of family- based residence, long-term residence and settlement of people from the Mainland Area in the Taiwan Area,” the NIA said in a news release. The agency explained it received reports that Liu made “unifying Taiwan through military force” statements on her online
Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, said yesterday that it is looking to hire 8,000 people this year, at a time when the tech giant is expanding production capacity to maintain its lead over competitors. To attract talent, TSMC would launch a large-scale recruitment campaign on campuses across Taiwan, where a newly recruited engineer with a master’s degree could expect to receive an average salary of NT$2.2 million (US$60,912), which is much higher than the 2023 national average of NT$709,000 for those in the same category, according to government statistics. TSMC, which accounted for more than 60 percent
Tung Tzu-hsien (童子賢), a Taiwanese businessman and deputy convener of the nation’s National Climate Change Committee, said yesterday that “electrical power is national power” and nuclear energy is “very important to Taiwan.” Tung made the remarks, suggesting that his views do not align with the country’s current official policy of phasing out nuclear energy, at a forum organized by the Taiwan People’s Party titled “Challenges and Prospects of Taiwan’s AI Industry and Energy Policy.” “Taiwan is currently pursuing industries with high added- value and is developing vigorously, and this all requires electricity,” said the chairman
RSS