TSP Legislator Chen Po-wei says existing regulations are outdated, need overhaul to cut Chinese reliance

Taiwan News
Date: 2020/06/08
By: Huang Tzu-ti, Taiwan News, Staff Writer

TAIPEI (Taiwan News) — Legislator Chen Po-wei (陳柏惟) of the Taiwan Statebuilding Party (TSP) joined a number of critics on Monday (June 8) calling for stricter rules regarding Chinese investment in Taiwan as the island country seeks to reduce reliance on China.

There is an urgent need for a review of a regulation pertaining to investment activity in Taiwan conducted by Chinese people, companies, and organizations, which has not been revisited since 2015, said Chen at a press conference. He was accompanied by Lai Chung-chiang (賴中強), convenor of the civic group Economic Democracy Union (經濟民主連合), and Shen Pao-yang (沈伯洋), assistant professor of the National Taipei University’s Graduate School of Criminology.

According to Lai, Taiwan opened up a number of areas for Chinese investment during President Ma Ying-jeou's (馬英九) administration between 2008 and 2016. Lai was a supporter of the Sunflower Student Movement in 2014 that protested the forced passage of a trade pact with China.

As a result of President Ma's policies, the Chinese have been allowed to invest in domestic sectors from manufacturing, public construction, public transportation, IT services, to new urban development projects, Lai stated. This runs contradictory to President Tsai Ing-wen's (蔡英文) plans to cut back dependence on China, CNA quoted him as saying.    [FULL  STORY]