• Directory of Taiwan

Commercial Times: China's next 5-year plan and Taiwan

China's 13th five-year plan, due to go into force early next year, will likely emphasize its political agenda on "opposing Taiwan independence and promoting national unification" in light of the fact that the opposition Democratic Progressive Party (DPP) is enjoying an upper hand in Taiwan's presidential election campaign. The five-year plan, covering 2016-2020, will be adopted by the Communist Party of China during its 18th Congress' fifth plenary session in coming October while Taiwan will elect its next president in January, 2016. With Taiwan's ruling Kuomintang (KMT) facing an uphill battle in next year's presidential and legislative elections, unlike 2010 when China finalized its 2011-2015 plan, cross-Taiwan Strait relations will likely get cloudy during the 2016-2020 period -- so much so that political confrontation will override economic and trade cooperation. This would be a terrifying scenario Taiwan's business community would least like to see. What they would prefer to have is a chance to participate in the new five-year plan's major development projects such as the Internet of Things, intelligent manufacturing, "one belt, one road" and Beijing-Tianjin-Hebei integration. In fact, not only the business community, but also many other sectors of society, are waiting to see how Taiwan's next leader will demonstrate wisdom to minimize political confrontation and increase economic cooperation for the benefit of the people on both sides of the Taiwan Strait. (Editorial abstract -- Aug. 2, 2015) (By S.C. Chang)

Updated : 2021-09-19 20:13 GMT+08:00