BRAIN DRAIN: Beijing’s incentives program offers opportunities for Taiwan’s firms, but risks heating up competition for talent, an industry leader said
Taipei Times
Date: Mar 06, 2018
By: Yang Fu-i and William Hetherington / Staff reporter, with staff writer
A package of 31 incentives for Taiwanese businesspeople and creative professionals announced by China on Wednesday last week is an attempt to draw all talent from Taiwan and leave it “poor and stupid,” academics said.
The incentives, announced by China’s Taiwan Affairs Office, included tax cuts, investment capital and relaxed restrictions on certification for 134 professions. Twelve of the incentives are aimed at Taiwanese enterprises and 19 at individuals.
The incentives are “very strategic and systematic,” and are part of an attempt to use trade to promote unification, Democratic Progressive Party (DPP) Legislator Julian Kuo (郭正亮) said.
During the previous Chinese Nationalist Party (KMT) administration, Beijing provided benefits, such as investment, trade and exchange opportunities, and now under the DPP administration it is trying to draw money and talent from Taiwan, he said.
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