Beijing Playing The Economic Card?
- Author Shashwith Uthappa
- Published January 18, 2009
- Word count 443
Beijing acted as a ladder to lift Taiwan for economic support like it did for Hong Kong earlier. The fourth cross-strait economic forum was being attended conjointly by the Communist party and Taiwan’s ruling Kuomintang. The apparent reason seemed to be the global financial bedlam yet the agreement seemed to be getting the matter of getting the mainland and the island closer, into the forefront.
The steps were welcome- albeit not by all Taiwanese. Some of these were less keen for close links between the two sides than the others.
Probably the plague affecting the Taiwanese stock markets is mainly due to the depleting of European and North American markets. Factuality stares into the face with Taiwan’s mainland-based companies taking the downturn. The forum offered measures such as tax breaks, involvement in the mainland’s economic boost and made a stupendous offer of 130 billion yuan (HK $148 billion) in support, for three years. The mainland lands a helping hand due to its controlled markets which has a buffer for economic downswings. Regardless of the political circumstances, it is its duty to always be ready to assist the Chinese families in critical situations.
Ever since Kuomintang Ma Ying-jeou took over the president in May from the opposition Democratic Progressive Party's Chen Shui-bian, ties have become more affable. For the first time, in six decades, last Monday witnessed direct daily passenger flights. Postal links and new shipping routes were also opened by the sides.
The head of the mainland’s Taiwan Affairs Office, Wang Yi, interjected the issue of politics by supporting Kuomintang vice-chairman Tseng Yung-chuan in his opinion that the island's pro-independence political opposition should be included in the annual gathering. The mainland’s move can be fully accepted for the eventual reconciling, only when there are no lingering traces of opposition from the Taiwanese society. Kuomintang followers alone are not enough to make get this goal into fruition.
Politics being the main arrest, trade has given impetus for better relations and the financial descent has provided a conjuncture for Beijing to play the economic card. Although there is quite a lot of resilience from the Taiwanese in Mr. Ma moving close with his friendly demeanor, it has been an obvious boost. These efforts have to be taken with futuristic goals and with much needed sensitivity. There is dubiousness with Beijing’s attempts to sway the political scenario with generous economic grants. Obfuscation might flourish at the margins yet such thoughts could be dispelled by having fewer trade restrictions. The greatest feats of progress can be achieved with the mainland truly opening up to the rest of China with a proper free-trade policy.
Shashwith Uthappa is a Google advertising professional and a media analyst with a flair for creative writing. SCMP Classifieds
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Out with Fianna Fáil and Fine Gael: 230,000 Irish Children Living in Poverty
- Why Women of Color Need to Support Kamala Harris
- The Dark Reality of Forced Prison Labor: Why I Stand Behind Proposition 6
- Analyzing the Leadership Qualities of Abraham Lincoln during Crisis Situations and Racial Legal Issues: Studies
- Exploring the System of Checks and Balances Among the Three Branches of Government Machinery
- An Analysis of the Political Landscape in Guatemala and Its Impact on Regional Stability
- Gossip! How Caryma Sa'd convinced Jeremy Mackenzie to work for the RCMP
- Analyzing the Cultural and Historical Significance of Mongolia in Relation to Its Socio-Political Context
- Left, Right, and Ridiculous
- The Effect of Brexit on the UK Fishing Tackle Industry
- A Visionary Leader for Somalia's Future: Mohamed Said Deni's Path to the Presidency in 2026
- Potential 2024 Padang Pariaman Regent Candidates Form Three Axes: High Chances of Fierce Competition
- Russia Gate-How It Happened
- How the Manhattan D.A. is changing Politics in America
- How Corruption is Destroying Development in Africa
- What Happens if Houthi vs US Led Operations takes another turn involving Russia and China? Regional wide impact.
- Why America Needs More Moderate Republicans
- From Importer To Exporter: The Shifting Geopolitics Of U.S. Energy Policy
- The Dark Side of Globalization: Inequality, Conflict, and the Struggle for Resources
- Escalation in the Israel-Palestine Conflict: Unpacking the Recent Hamas Attack
- What Frosts My Nuts: The End Time Has Come
- What Frosts My Nuts: Nixon had Big Balls but not P.B.J.
- The 2024 presidential election is already over.
- The Clown King of East Africa
- The Concerning Power Play of New York's Attorney General: A Threat to Its Politician and New Yorkers
- Who has the Right to Control another Adult's Life Without their Consent?
- Can the Charter of Democracy Save Pakistan’s Imperiled Democracy?
- Is Iran in a revolutionary situation?
- Why We Must Be Masters of Our Counter Culture
- It is more Important than Ever that we Guard against Selfish and Criminal Charismatic Leaders.