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Economic policy is flawed: think tank

Taiwan Brain Trust yesterday said it would not oppose the Economic Cooperation Framework Agreement (ECFA) as long as Beijing did not prevent Taiwan from signing free-trade agreements (FTA) with other major trading partners. However, it criticized the government’s economic policy — and its reliance on China — as flawed and misguided.

The trust’s chairman, former vice premier Wu Rong-i (吳榮義), said China represented about 70 percent of the nation’s total overseas investment, while 42 percent of Taiwan’s exports went to China and Hong Kong, making Taiwan economically vulnerable via-a-vis China.

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Obama staff changes may affect policies on Taiwan

As US President Barack Obama reshuffles his top staff in preparation for next year’s presidential election, there could be substantial change in the administration’s Asia team with implications for US policy on Taiwan.

The White House doors are spinning with a series of major developments in the past week and more are expected in the weeks and months to come.

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Newsflash

WASHINGTON, Jan. 3 (UPI) -- U.S.-China relations will be strained by Washington's move to sell arms to Taiwan and a meeting with the Dalai Lama, experts say.

The pending approval by U.S. President Barack Obama of the sale of Black Hawk helicopters and anti-missile batteries to Taiwan early this year, coupled with an upcoming meeting between Obama and the Dalai Lama -- whom Chinese officials consider to a separatist -- will likely put pressure on relations with Beijing, The Washington Post reported Sunday.