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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

Students and netizens yesterday announced the official commencement of a campaign to recall three Chinese Nationalist Party (KMT) legislators.

The campaign, first proposed on March 25 on PTT — the nation’s largest academic online bulletin board — sought the recall of KMT lawmakers Lin Hung-chih (林鴻池), Wu Yu-sheng (吳育昇) and Alex Tsai (蔡正元) to, as stated in the original post, “reduce the advantages of the pan-blue majority” following an incident panned by the student-led Sunflower movement as the government’s “black-box” — opaque — handling of the cross-strait service trade agreement.