🎈 Up Big Today: Find today's biggest gainers (some over 50%!) with our free screenerTry Stock Screener

Taiwan president urges more talks on contested China 'infiltration' bill

Published 2019-12-25, 04:16 a/m
© Reuters. Taiwan President Tsai Ing-wen talks to media after live policy address in Taipei
USD/CNY
-
AAPL
-
PGR
-
2317
-

By Yimou Lee

TAIPEI (Reuters) - Taiwan President Tsai Ing-wen urged parliament on Wednesday to have more discussion on a proposed anti-infiltration bill which the government says is needed to combat Chinese influence and has been condemned by the main opposition and Beijing.

The legislation is part of a years-long effort to combat what many in Taiwan see as Chinese efforts to influence politics and the democratic process on the island. China claims Taiwan as its territory, to be brought under Beijing's control by force if necessary.

Taiwan's ruling Democratic Progressive (NYSE:PGR) Party (DPP) has begun a renewed push for the legislation, ahead of presidential and parliamentary elections on Jan. 11, and it could be passed before the end of the year.

Taiwan's main opposition party, the Kuomintang, which favors close ties with China, has condemned the proposed legislation as a "political tool" of Tsai and her DPP to gain votes while trying to paint them as Chinese Communist Party agents.

Speaking at a policy presentation on live television, Tsai said other democracies around the world had either already passed or were looking at passing such legislation to prevent Chinese interference in their internal affairs.

"Compared to these countries, Taiwan is more directly confronted with various threats and infiltration from China," said Tsai.

But some people at home think this "democratic protection net" is a provocation and akin to martial law, she added.

"I think this is a very negative and undesirable view."

Those who have concerns about the law need to detail exactly what those concerns are and not just sprout empty phrases against it, Tsai said.

People can have a thorough discussion on this in parliament, she added.

"I believe that in the Legislative Yuan, as long as everyone sits down and has a good talk, there will be plenty of time and space for everyone to have a thorough discussion."

Speaking earlier in the day in Beijing, China's policy-making Taiwan Affairs Office reiterated its opposition to the bill, saying the DPP was trying to "blatantly reverse over" democracy and increase enmity.

China has repeatedly denied meddling in Taiwan politics.

The bill was drafted by the DPP and aims to prohibit political activities and funding from "foreign hostile forces" - generally viewed as a reference to China.

Parliament is scheduled to vote on the bill next week, a move that has attracted criticism, not only from the opposition Kuomintang.

© Reuters. Taiwan President Tsai Ing-wen talks to media after live policy address in Taipei

Terry Gou, founder of Apple (O:AAPL) supplier Foxconn (TW:2317) and Taiwan's richest man, told a Taiwan television station on Tuesday that he would protest himself outside parliament if the DPP rushes through the legislation.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.