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Dissidents warn ‘Beijing Model’ could harm Taiwan

Chinese dissidents yesterday expressed concern that a “Beijing Model” is being duplicated in Taiwan in which economic advance is being promoted at all costs.

“There is this new term, the ‘China model’ or ‘Beijing model,’ which is to promote economics regardless of the cost, and such a view is gradually being voiced in Taiwan,” Chinese democracy activist Wang Dan (王丹) told a forum in Taipei hosted by the Taiwan Society yesterday.

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Fewer foreign residents in Taiwan last year: MOI

The number of foreign residents in the country declined last year, mainly because of a drop in the number of foreign workers in the manufacturing sector, the Ministry of the Interior said on Friday.

Ministry statistics showed that there were 552,792 foreign residents in Taiwan at the end of last year, down 6,508 from the previous year.

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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.