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Su Jia-chyuan tapped as Tsai’s VP mate

Democratic Progressive Party (DPP) Chairperson Tsai Ing-wen (蔡英文) ended months-long speculation yesterday, announcing DPP Secretary-General Su Jia-chyuan (蘇嘉全) as her running mate for next year’s presidential election.

Su said he is ready to tackle the challenge with his political experience and the “excellent chemistry” he has with Tsai, as the pair had led the DPP’s recovery from a landslide loss in the 2008 presidential election.

The Tsai-Su ticket will challenge President Ma Ying-jeou (馬英九), who is running for re-election, in what public opinion polls show could be a neck-and-neck race. Ma of the Chinese Nationalist Party (KMT) announced on June 19 that he would pair up with Premier Wu Den-yih (吳敦義) for the January poll.

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WIKILEAKS: China using ECFA to push unification

Following repeated pledges by President Ma Ying-jeou (馬英九) that there would be no political ramifications to the Economic Cooperation Framework Agreement (ECFA) with China, US diplomatic cables released by WikiLeaks show that Beijing intends to use deepening economic relations with Taiwan as a means to start political negotiations.

In a cable dated Jan. 6 last year from the US embassy in Beijing, Association for Relations Across the Taiwan Straits (ARATS) Vice Secretary-General Ma Xiaoguang (馬曉光), who had just concluded the fourth round of ECFA talks with the Straits Exchange Foundation in Taichung, said during a meeting with the US acting deputy chief of mission, Robert Goldberg, on Dec. 29, 2009, that deepening economic relations would “inevitably lead to more complicated political issues.”

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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.