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Tsai unveils DPP’s policy guidelines

Democratic Progressive Party (DPP) Chairperson Tsai Ing-wen (蔡英文) yesterday officially unveiled her party’s 10-year policy guidelines, saying they represented “a commitment to Taiwan’s next generation” and illustrated the contrast between the DPP’s values and those of the Chinese Nationalist Party (KMT).

In one of her most important speeches, the DPP presidential candidate said the guidelines, which took two-and-a-half years to formulate and contain 18 chapters on a variety of issues, are a reflection of the party’s experiences and mistakes while in power.

“The guidelines are our commitment to the next generation and they are formulated with the aim of strengthening Taiwan and making it a coherent country,” Tsai said.

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US expert urges F-16 sale

A leading US expert on the Chinese military says that by 2020, Beijing could have 2,000 or more missiles, nearly 1,000 modern combat aircraft, 60 modern submarines and a potential invasion force of many hundreds of thousands of troops “pointed at Taiwan.”

Richard Fisher, a senior fellow with the International Assessment and Strategy Center near Washington, warned in an article in the Wall Street Journal that the US “should be under no illusion about Beijing’s motives.”

He says that while President Ma Ying-jeou (馬英九) has made historic progress in defusing tensions with China, Beijing has signaled that it wants to end Taiwan’s democratic era.

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Newsflash

Taipei City and the four special municipalities that came into being on Saturday could turn into a disaster for the central and local governments if underlying financial problems are not properly addressed, experts told a forum on the financial aspects of the five megacities yesterday.

Peng Pai-hsien (彭百顯), a professor of finance at Kainan University, told a panel organized by the Taiwan Brain Trust think tank in Taipei that the five special municipalities face an immediate shortfall of NT$718.5 billion (US$24.27 billion) — which would climb to NT$803.4 billion if potential debt were counted — while the central government was faring no better, with a potential debt of NT$21 trillion.