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ECFA review consensus reached

The Chinese Nationalist Party (KMT)-dominated legislature is expected to ratify the Economic Cooperation Framework Agreement (ECFA) and amendments to related legislation as early as tomorrow after a consensus on how to review the pact was reached yesterday.

The consensus, pending confirmation at the legislature’s plenary session today, is expected to defuse the possibility of a boycott by Democratic Progressive Party (DPP) lawmakers should they be denied the right to vote on the agreement article by article.

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China paper warns of outmoded PLA military thinking

China’s military thinking is outmoded and should learn from others, especially the US when it comes to modernizing its vast armed forces, a leading armed forces newspaper said yesterday.

A commentary in the People’s Liberation Army Daily said modernizing China’s military was central to reforms which have seen heavy investment in high-tech weapons like advanced fighter jets.

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Newsflash

Economist Derek Scissors is urging Taiwan to diversify its international investment portfolio and seek a bilateral investment treaty with the US.

Scissors, a research fellow with the Asian Studies Center at the Washington-based Heritage Foundation, says that the US and Taiwan have an extraordinarily intense trading relationship.

With a population of 23 million, Taiwan is the US’ ninth-largest trading partner. However, excluding the microstates, it is actually the US’ third-largest trading nation on a “per person” basis.