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Taiwan Tati Cultural and Educational Foundation

HK is a money laundering machine

According to Chinese media reports, last year a total of nearly 1 trillion yuan (US$146.78 billion) mysteriously disappeared from China after it was remitted into Hong Kong without first being converted into yuan deposits, and instead directly converted into US dollars and Hong Kong dollars. What is the truth behind these transfers?

The international financial crisis of 2008 hit Chinese exports badly. In the second half of that year, the value of China’s exports dropped sharply and then-Chinese premier Wen Jiabao (溫家寶) launched a 4 trillion yuan emergency plan, consisting of 10 measures to expand domestic demand.


US port calls might unsettle China

A move by the US to renew naval port of call visits to Taiwan might serve as the greatest challenge to the “one China” policy since the 1972 Shanghai Communique that led to its inception.

Although US President Donald Trump called the policy into question when he spoke with President Tsai Ing-wen (蔡英文) by telephone last year, he later accepted it and on Feb. 9 reiterated the US’ commitment to upholding it.


Achievements threatened by China

In last year’s presidential and legislative elections, the Democratic Progressive Party (DPP) swept to victory with not just the presidency, but the party’s first-ever legislative majority. Eighteen months on, despite a slump in the opinion polls, President Tsai Ing-wen’s (蔡英文) government has already done three things that should please the public.


A new front in the diplomatic war

The past month has been tumultuous for international relations. Panama switching diplomatic recognition to Beijing in the middle of the month saw the number of Taiwan’s diplomatic allies reduced to 20. It was followed by the Nigerian government sending troops to seal off Taiwan’s trade office in Abuja, despite having already ordered the office’s relocation from the capital in January due to apparent pressure from China.

Ordinary Taiwanese have grown numb to the gradual, one-at-a-time drop in the number of diplomatic allies.


Ko playing into Beijing’s hands

Taipei Mayor Ko Wen-je (柯文哲) has caused a stir with comments he made in Shanghai.

In a speech at the Taipei-Shanghai Forum opening ceremony on Monday, Ko said: “The two sides of the [Taiwan] Strait are one family” and should establish “a community of common destiny.”

The dispute between Taiwan and China is like a “quarrel between a married couple,” he said.


Groups join call for full pardon for Chen Shui-bian

Taiwan Society chairman Chang Yeh-sen speaks at a news conference in Taipei yesterday for a petition signed by 65 groups calling for former president Chen Shui-bian to be pardoned.
Photo: Peter Lo, Taipei Times

Sixty-five groups yesterday joined a petition calling for former president Chen Shui-bian (陳水扁) to be pardoned, providing a boost to a campaign that has been brewing ever since the Democratic Progressive Party (DPP) regained power last year.

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Former Chinatrust Financial Holding Co vice chairman Jeffrey Koo Jr, left, arrives for a hearing at the Taiwan High Court in Taipei yesterday.
Photo: Wang Yi-sung, Taipei Times

The Supreme Prosecutors’ Office Special Investigation Division (SID) told former Chinatrust Financial Holding Co (中信金控) vice chairman Jeffrey Koo Jr (辜仲諒) in Japan that he would not be detained if he made a legal statement against former president Chen Shui-bian’s (陳水扁) family, Koo Jr’s attorney said yesterday.

As such, Koo’s statement should not be used as evidence in court, Koo Jr’s attorney Fang Po-hsun (方伯勳) told a court hearing yesterday.