Last updated at: (Beijing Time) Monday, March 29, 2004
Foreign investors in Taiwan warn of withdrawal if still pay lip service to 'three direct links'
Recently quite a few senior managers with foreign companies in Taiwan felt dissatisfied with Chen Sui-bian's "re-election" in controversy. They said if the Taiwan authorities remain only "talking about" the three direct links, they have to swallow economic bitter pill themselves.
Recently quite a few senior managers with foreign companies in Taiwan felt dissatisfied with Chen Sui-bian's "re-election" in controversy. They said if the Taiwan authorities remain only "talking about" the three direct links, they have to swallow economic bitter pill themselves.
Report by Taiwan media said that Chief Executive Officers (CEOs) of quite a few European and US companies, especially those in finance, has been asked by their headquarters to report on the situation in Taiwan since March 20. Some parent foreign companies asked directly their managers in Taiwan whether to go on with the investment or quit and refused to hear anything of the sort as assumptive "neutral" reply.
In addition, the greatest concern of foreign investors, whether in industries or finance, is the "three direct links". The US and Europe chambers of commerce, the largest two of the kind, both noted that the "three direct links" should not remain only in word and if Taiwan authorities stick to "empty talk without deeds" during the second half of the year, foreign companies will not wait. Taiwan authorities themselves have to pay for the losses incurred by the withdrawal of foreign investment.