Taiwan Tati Cultural and Educational Foundation

 
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Taiwan Tati Cultural and Educational Foundation

China on the brink of huge social changes

Looking at the employee suicides at Hon Hai-owned Foxconn Technology Group’s plant in Shenzhen, China, as a mere labor dispute is superficial. It is easy to see that Hon Hai chairman Terry Gou (郭台銘) is a visionary entrepreneur from his response to the events. In one week, he raised workers’ salaries twice — a total of 122 percent.

The raise satisfied workers, stunned competitors and forced the Chinese government to consider the long-term impacts of the decision on China’s development.

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Chen’s son withdraws from DPP

Former president Chen Shui-bian’s (陳水扁) son yesterday withdrew from the Democratic Progressive Party (DPP) and announced he would run for Greater Kaohsiung city councilor as an independent.

Chen Chih-chung (陳致中) declared his intention to run in the year-end elections earlier in the week. His formal announcement yesterday came in the wake of the Taiwan High Court’s ruling on Friday rejecting Chen Shui-bian’s appeal of his conviction on corruption, forgery and money laundering charges. However, sentences and fines were reduced in the second trial for Chen Shui-bian, his wife Wu Shu-jen (吳淑珍) and six other defendants including Chen Chih-chung.

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When USSR Disintegration Meets Japan's Lost Decade

In one word – China.

The recent international media's reporting on suicides and labor unrest at the 400,000 employee Foxconn factory near Shenzhen got me thinking. Here are some gathered notes and musings:

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Foxconn raises could change China

Hon Hai Group (鴻海集團) has announced two salary raises in a week for its Foxconn plant in Shenzhen, resulting in a total raise of 122 percent. The event has shaken the Taiwanese stock market, shocked Taiwanese businesspeople along the southern China coast and changed the environment for China’s export-­oriented processing industry. Many Taiwanese investors and other foreign businesspeople now worry that the era when China was a low-cost paradise has come to an end with Hon Hai’s massive salary increases.

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Newsflash

A group of young people from Penghu County yesterday urged other residents of the archipelago working in Taiwan proper to return home and vote against gambling in an upcoming referendum on allowing corporations to establish casinos in Penghu.

At a press conference in Taipei, Liu Yu-ming (劉昱明), a student at National Taiwan University’s Graduate Institute of Law, warned that Penghu’s image and reputation as a natural paradise could be tarnished if residents voted “yes” in the referendum.