Ex-President Lee warns Taiwan against economic over-reliance on China

Focus Taiwan
Date: 2018/06/20
By: Liao Han-yuan and William Yen

Taipei, June 20 (CNA) Taiwan’s economy has become over-reliant on China, which

Former President Lee Teng-hui (李登輝)/CNA file photo

has been offering economic incentives as part of a policy to create addictive subsidies that serve its political agenda, former President Lee Teng-hui (李登輝) said in an interview published in the New York Times Chinese-language website Wednesday.

Lee, who was president of the Republic of China (Taiwan) from 1988 to 2000, said China’s agenda is to make Taiwan’s economy less competitive.

However, he did not specify which of China’s economic incentives were most likely to blunt Taiwan’s competitive edge.

While people in Taiwan have political freedom, they would lose economic freedom and economic autonomy if Taiwan becomes more reliant on China, Lee said in the interview.    [FULL  STORY]

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