Eight years ago, Taiwanese President Lee Tunghui asked Taiwanese not to rush into investments in China. On June 27, the former Taiwanese president anxiously pointed out the bad consequences resulting from business people ignoring this policy. So, the execution of this policy was unsuccessful, and many business people still invested in China, despite government warnings. He said that although the Taiwanese government exercised some control over investments over 50 million dollars, they didn’t totally forbid investments in China. So, he noted that business people are still investing in China, which is causing public investments in Taiwan to come up short.

Lee told the government that their most important tasks right now are the construction of a “free commercial harbor.” This would attract business people to engage in high attachment value processes, lead to the establishment of a headquarters for research and development, and encourage Taiwan business people to engage in research, development, and industrial promotion. He suggested that the government should work diligently, not to bring Taiwanese business people in China back for the funds, but to assist those merchants who want to develop businesses in Taiwan.

Lee pointed out that the current Taiwan policy must be revised, and that Taiwanese business people should invest, not only in China, but in various countries around the world to expand the horizon.

Taiwanese Business People Explain Losses from Doing Business in the Mainland

A recent forum in support of Taiwanese business people was hosted by the Taiwanese intelligence agency. China recently stated that it does not welcome green businessmen, such as Lin Zhisheng and Cai Gaode, who shared their experience as an example. Lee said that China’s attack on certain business people is just a start. It has already forced politics upon business.

Lee also pointed out, that eight years ago, when the policy was first proposed, the government had already predicted that Taiwanese business people investing in China would have to lower their prices to keep up with competition, due to a limited global market, which meant they couldn’t make much profit. In addition, the government also predicted that too many investments in China would run the risk of creating reliance on China. There would also be less job opportunities and a greater unemployment rate in Taiwan, as well as China’s control of Taiwanese politics through economic methods.