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Capital outflows will rise after an ECFA: activists

Labor rights activists and business leaders with experience working in China agree that signing a trade agreement between Taiwan and China would speed up capital outflow from the nation, but their opinions differ on solving Taiwan’s unemployment problem.

A proposed economic cooperation framework agreement (ECFA) with China “would speed up outflow of domestic capital and the exodus of businesses and it will not solve the unemployment problem,” Victims of Investment in China Association (VICA) president William Kao (高為邦) said.

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China's honeymoon over, activist says

Both Google’s threat to withdraw from the Chinese market and the reaction of Western countries to the heavy sentence handed down to Chinese dissident Liu Xiaobo (劉曉波) may be signs that the honeymoon period between the West and China has ended, Chinese democracy activist Wang Dan (王丹) said yesterday.

Wang made the remarks at a press conference held in Taipei attended by a number of political activists voicing their support for Google and for Liu.

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Newsflash


President Tsai Ing-wen, second left, listens to former US secretary of defense Mark Esper, left, at a meeting at the Presidential Office in Taipei yesterday.
Photo: Wang Yu-ching / EPA-EFE

The US should move from strategic ambiguity to strategic clarity on cross-strait affairs and re-examine its “one China” policy, former US secretary of defense Mark Esper told President Tsai Ing-wen (蔡英文) yesterday, adding that Taiwan must demonstrate its seriousness in defending itself by increasing its defense spending.