Taiwan to review infrastructure opening to China
TAIWAN: Taiwan legislators on Monday demanded a thorough
evaluation of sensitive sectors in which China has invested or are open
to Chinese investment.
The move comes as Taiwan lifts restrictions on investments by China
as the two former enemies forge closer economic ties.
Parliament’s defence committee passed a resolution from the ruling
Kuomintang party calling on security authorities to follow similar moves
in the United States and Britain.
“The National Security Bureau should work together with the Ministry
of Defence and relevant units to conduct a comprehensive evaluation as
to which infrastructure items should not be invested (in) by mainland
companies,” the resolution said.
The move came after the US House Intelligence Committee said it had
launched an investigation into the national security threat posed by
Chinese-owned telecommunications firms Huawei and ZTE.
The committee warned that Beijing could use those firms for economic
or military espionage -- allegations flatly rejected by China and the
companies. Taiwan’s economy ministry in March relaxed its controls on
items Chinese traders could invest in. The island’s telecoms sector is
off limits from mainland investment. Under the new measures, Chinese
investors will be allowed to buy up to 50 percent of shares in key
public infrastructure including subways, light rail systems, bridges and
tunnels, as well as cultural and educational facilities.
AFP |