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Ex-envoy to Japan says Taiwanese lack sense of crisis

Taiwan’s gravest crisis is the lack of a sense of crisis among its people, who are at a crossroads, faced with the choice of being annexed by China and living under a one-party regime or continuing to be citizens of a free and democratic nation, former representative to Japan Koh Se-kai (許世楷) said.

Koh made the remarks in a speech, titled “Taiwan’s Prospects: Seeing from the Taiwan-Japan Ties,” at a public event in Tokyo on Sunday.

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Chasing ratings hurting coverage of foreign news

Taiwan’s media organizations’ failure to provide sufficient high-quality international news could be a result of their lack of vision, as news outlets focus only on trivial and sensational stories to attract high ratings, media insiders said.

“There is demand for serious global news coverage in Taiwan, but the media do not want to make the investment,” said Feng Chien-san (馮建三), a journalism professor at National Chengchi University.

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Newsflash

Chinese central bank Governor Zhou Xiaochuan (周小川) said that local-government financing vehicles using land as collateral may pose risks for the nation’s banks.

“When land prices rise, there may be over-valuation of land,” Zhou said at a press briefing in Beijing yesterday. “In the future, if land prices fall, there may be a difference in the assessment of the loan.”