China’s attempts to lure Taiwanese talent should serve to hasten economic and social reforms at home.
The News Lens
Date: 2018/03/26
By: By Gunter Schubert, Taiwan Insight
On Feb. 28, China’s Taiwan Affairs Office announced a set of 31 new preferential policies
Photo Credit: AP/達志影像
(31PP) to attract more Taiwanese to China by granting them equal treatment with their Chinese ‘compatriots’. Of these, 12 measures are concerned with facilitating market access and competition for Taiwanese enterprises in China.
In the future, Taiwanese people will be allowed to invest in state-owned enterprises, participate in public bidding and innovation programs (like the “Made in China 2025” strategy). Chinese institutions are to offer Taiwan’s security firms and banks their cooperation to strengthen the latter’s market position in China and enable them to offer more services.
Similarly, 19 measures offer new opportunities for highly educated Taiwanese to study, initiate start-ups or join the Chinese labor market in areas which have been difficult to enter in the past. For instance, Taiwanese are promised to get better access to the mainland’s cultural industries, restrictions on Taiwanese capital investment and technical participation in Chinese film-making will be relaxed. High-skilled professionals and technical personnel from 134 listed professions have been invited to work in China, with all administrative restrictions annulled, and Taiwanese patents brought to China will be protected by Chinese law. [FULL STORY]
