Focus Taiwan
Date: 2016/07/22
By: Claudia Liu and Lilian Wu
Taipei, July 22 (CNA) President Tsai Ing-wen (蔡英文) said Taiwan needs to review its trade
(Photo courtesy of the Presidential Office)
relations with China as the two economies, which have generally been complementary in the past, are now increasingly becoming competitors.
“We need to review the two sides’ economic and trade relations and we must make sure the economic and trade ties are complementary rather than overly competitive,” she said in an interview with the Washington Post, based on a transcript released by the Presidential Office.
Acknowledging that “China is still our largest trading partner,” Tsai said the once complementary nature of the relationship was changing because of the way China’s economy has evolved.
“We had the ability to organize a manufacturing process, and then we moved our manufacturing capability to China to make use of their labor pool. But now the situation is very different. (Chinese) labor costs are increasing, and China has their own capability,” she was quoting as saying. [FULL STORY]
