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I'll only say this once. I've never said it before. This kind of certainty comes but just once in a lifetime. Your position:Home->china news-> Taiwan in no hurry to permit investment by mainland China
Taiwan's premier said his government is “in no hurry” to permit investments by mainland China, despite recent overtures by his president suggesting warmer relations with the mainland. Premier Liu Chao-shiuan told the Financial Times in an interview that while “the private sector may be in more of a rush” to welcome Chinese investment, his government intended to take it slowly because of domestic political resistance. “This is a very sensitive topic in Taiwan that has polarised people here . . . [If] we open up too much too soon, it will become a political problem and the pace of liberalisation will end up being even slower,” he said. In the past year since he took power, Taiwan's president Ma Ying-jeou has pushed for an unheralded warming of relations between China and Taiwan, which led to Taiwan this week joining the World Health Assembly meeting, its first United Nations meeting since 1971. Commenting on China Mobile's plans to take a 12 per cent stake in Taiwan's mobile operator Far Eastone – which would be the first Chinese investment in a listed Taiwan company – Mr Liu said the two companies “must amend their plans” when the economics ministry announces its detailed rules for Chinese investment next month. Taiwan's government officials have said the telecommunications industry would not be among the 99 industrial and services sectors opened to the Chinese initially. Mr Liu's remarks, made in advance of the administration's first anniversary in office today, are a blow to Wang Jianzhou, China Mobile chairman, who yesterday said he remained optimistic. “It's a good opportunity for both companies, so why wouldn't I be optimistic?” Mr Wang told reporters in Hong Kong. The deal's announcement had cheered the Taiwan stock market but led to strong resistance from opposition politicians, who said it would jeopardise Taiwan's national security. Last weekend, the opposition party led tens of thousands to march against president Ma Ying-jeou's economic and cross-Strait policies. In advance of first quarter GDP figures to be published this morning, Mr Liu said he expected they would be worse than the 8.3 per cent contraction seen in the fourth quarter last year. Exports in April were down 34 per cent from a year ago in Taiwan. 
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