“From Kerry TJ Logistics winning the logistics service contract for Hsinchu Science Park and Shopee failing the review for an electronic payment license to China Ocean Shipping Group having control over two piers in the Port of Kaohsiung, we have seen that the current system is far from perfect. Since Beijing in 2015 announced its 'Made in China 2025' policy, which encourages Chinese corporations to obtain key technologies and sensitive information by investing in or acquiring firms in other countries, the US in 2018 passed the Foreign Investment Risk Review Modernization Act to review foreign investors. Ministry of Economic Affairs officials should study the act. The US government is aware that Beijing tries to achieve its political aims through culture, trade and other means. The Taiwanese government should scrutinize these tactics ... and address them by amending current regulations. This would be key to closer Taiwan-US relations.”
12 Oct 2021
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