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Taiwan Tati Cultural and Educational Foundation

Taiwan lawmakers send message to U.S. and PRC

The bipartisan consensus reached Tuesday in Taiwan's national legislature to agree to approve amendments to the food sanitation act banning imports of risky beef products from countries where cases of mad cow disease have been documented sent a ringing message that foreign powers cannot ignore the will of the Taiwan people and the reality of Taiwan's democratic system.

The proposed amendments, which should be voted into law on Jan. 5, will challenge the content of a controversial protocol signed October 22 between the Taiwan Economic and Culture Representative Office (TECRO) and American Institute in Taiwan after secretive talks between Washington and President Ma Ying-jeou's right-wing Chinese Nationalist Party (Kuomintang) government.

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Claims of 'recovery' for Taiwan premature

Monday's announcement by the Council for Economic Planning and Development that its five-color monthly economic monitor had risen to an apparently overheated "yellow-red" in November from the seemingly healthy "green light" in October has sparked exaggerated claims of a "sustainable recovery" for Taiwan's battered economy in some local media.

After eight straight months of depressed "blue" lights since September 2008 and four consecutive months of sluggish "yellow-blue" signals, the CEPD indicator jumped to show a "green" light in October and a torrid "yellow-red" for November.

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Don’t place hope in PRC investment

The two “China” parties — the Chinese Communist Party (CCP) and the Chinese Nationalist Party (KMT) — say they only want what is best for Taiwan when it comes to trade and economic exchanges across the Taiwan Strait. Chinese officials have even said that Taiwanese businesspeople go to China to make money off the backs of the Chinese.

However, Straits Exchange Foundation (SEF) Chairman Chiang Pin-kung (江丙坤) and SEF Secretary-General Kao Koong-lian (高孔廉) have exposed the claims for the lies that they are. Chiang has said that “over the past 20 years, Taiwanese investment in China has exceeded NT$4.8 trillion [US$148.7 billion], and so it cannot be denied that China’s economic growth owes a lot to Taiwanese businesspeople.” Kao has said that “Taiwan was opened up to Chinese investment in June, but to date, investments only stand at NT$1.19 billion, not a very large sum.”

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Creating jobs – but for whom?

In an economic downturn, there is an expression economists use to illustrate the difference between a depression and recession: A recession is when your neighbor loses his job, while a depression is when you lose your job.

This might be appropriate in gauging how well the local economy has rebounded after bottoming out, especially when economic indicators are sending mixed signals and a “jobless recovery” is looming.

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Newsflash

Tibetan self-immolator Tsering Namgyal, 31, who passed away in his fiery protest on November 29, 2012 seen here in an undated photo.

DHARAMSHALA, November 29: In fresh reports coming out of Tibet, a Tibetan man set himself on fire today in Luchu region of eastern Tibet in an apparent protest against China’s continued occupation of Tibet.

Sources have identified the Tibetan as Tsering Namgyal, 31, a father of two, from Zamtsa Lotso Dewa region of Luchu.

“Tsering Namgyal set himself on fire near the local Chinese government office in Luchu earlier today for the cause of Tibet,” Sonam, a Tibetan monk living in south India told Phayul, citing sources in the region. “Tsering Namgyal passed in his fiery protest.”