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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


601 Air Cavalry Brigade officer Lao Nai-cheng, right, wears an integrated helmet and display system at a party in this undated photograph.
Photo provided by a member of the public

The army yesterday said that it would discipline 601st Air Cavalry Brigade Lieutenant Colonel Lao Nai-cheng (勞乃成) for wearing a NT$2 million (US$63,891) integrated helmet and display sight system (IHADSS) and a full flight suit to a Halloween party in October last year.