Word: china
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Dates: during 2000-2009
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...links" - direct air, sea and mail connections - while Ma's administration in June permitted Chinese firms to invest in a wide range of Taiwan industries for the first time. Now Ma wants to forge a "comprehensive economic framework" with Beijing that would give Taiwan companies easier access to the China market. San, the deputy minister, believes Taiwan's shared culture and language give its businessmen an advantage in China that could make a partnership between the two especially powerful. Taiwan "has a unique relationship with China that is totally different from other countries in Asia," San says. "Our policy...
...important piece of that pie is the increasingly large Chinese domestic market. Traditionally, Taiwan firms have exported electronic components to China, which were assembled in mainland factories and re-exported to customers in the West. But now Taiwan companies are looking to redirect their products toward China's wealthier consumers, thereby decreasing Taiwan's dependence on the U.S. Flat-screen-display maker AmTRAN Technology, based near Taipei, operates factories in China that export primarily to North America, but the company is tying up this year with a Chinese electronics brand to sell TVs inside China as well. "This year...
...There is some fear in Taiwan that Ma's opening to China will accelerate a hollowing out of the island's economy by encouraging companies to move there, costing jobs. Ma's policy team, though, argues closer ties will boost the economy overall because it makes it easier for executives to keep the most advanced parts of their businesses - the high-salary R&D and management divisions - at home. San says the government's vision is to turn Taiwan into an operations center for Chinese industry by supplying technical and manufacturing expertise. There are some early indications Ma's strategy...
...their own special interests. "It's not that hard to get people to be more creative, given the right atmosphere," says the Creativity Lab's general director, Hsueh Wen-jean. "The idea was to create an environment without borders, to explore the love within themselves to be creative." Read "China Mobile to Buy Stake in Taiwan Telcom...
...more bottom-up. It needs more talent." Morris Chang says Taiwan lacks that talent, because the country's education system stresses rote learning, resulting in "very little independent thinking and very little creativity." Chang also points out that Taiwan has to contend with a greatly changed international environment. "China wasn't in the picture 30 years ago, neither was India," Chang says. "You have a big competitor that can do the basic stuff at least as well as you can, but they can do it more cheaply." His conclusion: "The next transformation is going to be very hard," he says...