Parliament's defence committee passed a resolution from the ruling Kuomintang party calling on security authorities to follow similar moves in the United States and Britain.The Taipei Times said that a TSU legislator claimed that the gov't is mulling opening up certain telecoms anyway, despite the global suspicions that Chinese telecom firms are catspaws for Chinese intelligence services.
"The National Security Bureau should work together with the Ministry of Defence and relevant units to conduct a comprehensive evaluation as to which infrastructure items should not be invested (in) by mainland companies," the resolution said.
Under the new measures, Chinese investors will be allowed to buy up to 50 percent of shares in key public infrastructure including subways, light rail systems, bridges and tunnels, as well as cultural and educational facilities.
They will also be allowed to invest in conference centres, national parks, cable car systems and six other categories without restrictions, the ministry said.
At first glance it may look like Taiwan is being sold off to China in pieces, but things are not so simple. Investors are profit-oriented, and many large public infrastructure projects are money-losers. As I noted a while back, China does not invest much in the economies around it. There is some potential for Chinese influence, but more importantly, the pressure to provide subsidies so investors can get their money back will be stronger if China is backing them..... Recent major overseas investments have been to secure resources, which Taiwan is not rich in, or to purchase assets at fire sale prices in stressed economies, in Europe. Sorry, but I suspect we'll several well-publicized cases, but little serious interest, from China.
- Congressional paper Roll Call opinion piece: China threatens Taiwan's media
- Salon.com hosts pro-Beijing piece from advisor to Stonebridge, a consulting firm that does much business with China, without informing readers he works for said firm. One reason China policy is so difficult to carry out in the US is China's ownership of large chunks of our chattering classes.
- Georgia company bribed customs officials in Taiwan, allegedly, in US tax avoidance case.
- Excellent piece on how regs and rules were subverted in the case of the Central Taiwan Science Park
- Hey, remember the Lin Yi-shih case? Didn't think ya did.
- Hong Kongers unhappy that Taiwan has visa-free status in US.
- Regulations for Chinese spouses to be relaxed
- BEST COMMENT ON THE PRESIDENTIAL "DEBATE" From my friend J F: Georgetown Professor @DrMChatelain: This debate is like when I assign a paper on the Civil Rights Movement and students turn in a paper about the time they saw the movie Glory.....But see Glenn Greenwald's piece on how the two parties collude to keep the debates stupid.
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