Word: taiwan
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...rong was one of the lucky ones. "I watched my village get buried," says the aboriginal farmer in southern Taiwan, one of hundreds in the mountainous region caught in the island's worst floods in 50 years. On August 8, Yin and 300 others in the township of Namasia fled their homes and climbed up a nearby mountain to higher ground. They spent three stormy days and nights under makeshift tents before the weather cleared enough for them to make smoke signals for help. Finally, after more than 72 hours, military helicopters spotted and rescued them...
...neighboring Siaolin village, the government confirmed that nearly 400 were buried alive, bringing the death toll of Typhoon Morakot, which hit Taiwan last week, to over 500. It was the deadliest natural disaster Taiwan has seen since a 7.3 earthquake hit the island in 1999, killing 2,416, mostly in central Taiwan. The storm dumped more than six feet of rain in over two days, leading to floods that wiped out many mountainside villages and towns, a six-story hotel, 34 bridges, 253 roads and countless homes. As of Saturday morning, an estimated 35,000 people are still stranded...
...sentiment that is not good news for President Ma Ying-jeou, elected with 58% of the vote last year and already battling the island's recession, who now faces another major challenge to his relatively new administration. Taiwan is known for its susceptibility to big storms, and many at the national level have said that Taipei's well-funded emergency response teams should have been able to get to the stranded citizens sooner. Even lawmakers from his own Kuomintang party have criticized Ma this week for the government's slow response to Morakot, particularly as the public has voiced...
...Taiwan? Certainly Japan and Taiwan are going to be beneficiaries because, in the case of Japan, they are a huge exporter of high-performance capital goods, very complex machinery and equipment like that, that most other countries can't produce themselves. Taiwan is a more component supplier of electronics. But the Taiwan bulls would argue that Taiwan is going to become the newest province of China; there is going to be a huge flow of real estate investment and industrial investment by mainland Chinese into Taiwan. I have trouble believing that...
...Taiwan, the indigenous population is actually declining, and the manufacturing base is really located in China rather than Taiwan. I don't see what the attraction is going to be for Chinese industrial investments or for Chinese real estate investments in Taiwan. I just don't find Taiwan has that attraction for the Chinese that Hong Kong does...