Date: Dec 26, 2015
By: Staff writer, with CNA
A Control Yuan member raised concerns over the emergence of China’s “red supply chain” and the acquisition of Taiwanese businesses by Chinese companies during an inspection tour of the Executive Yuan earlier this week.
Nancy Chen (陳小紅) said that aside from an international economic downturn, another reason the nation’s exports are in decline is the emergence of fast-growing clusters of high-tech manufacturers backed by the Chinese government, which have taken orders away from Taiwanese flat-panel and electronics manufacturers.
Chen said the time has probably come for Taiwan to abandon the contract manufacturing model and look for its next strategic industry.
She also questioned if the Executive Yuan has any substantive plans in this regard.
The Legislative Yuan recently adopted a resolution stipulating that, before a new legislature is formed, all planned acquisitions of Taiwanese businesses by Chinese companies should be frozen, she added. [FULL STORY]