CHINA’S 31 INCENTIVES: China’s incentives to have limited effect: NDC chief

CHINA’S 31 INCENTIVES: China’s incentives to have limited effect: NDC chief
WELCOMING:If Taiwan’s investment environment is improved, more talented people would stay here and investments would follow them, the NDC minister said

Taipei Times
Date: Mar 13, 2018
By: Staff writer, with CNA

China’s 31 incentives to attract Taiwanese businesses and professionals would only have

Democratic Progressive Party Legislator Chen Ting-fei speaks during a news conference on the 31 incentives unveiled by China’s Taiwan Affairs Office last month, which are designed to attract Taiwanese companies and individuals to China.  Photo: Wu Po-hsuan, Taipei Times

a limited effect on Taiwan, National Development Council (NDC) Minister Chen Mei-ling (陳美伶) said yesterday, adding that the government will introduce better incentives to retain talented people.

The 31 incentives, announced by China’s Taiwan Affairs Office on Feb. 28, include tax cuts, investment capital and relaxed restrictions on certification for 134 professions, which sparked concerns at home over Taiwan losing its competitiveness.

Premier William Lai (賴清德) was originally planning to hold a cross-agency meeting yesterday to discuss the government’s response strategies, but the Executive Yuan on Sunday night canceled the meeting, saying more time is needed to collect information.

Chen yesterday attended a question-and-answer session at the legislature’s Economics Committee to report on the council’s policies.    [FULL  STORY]

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