TAIWAN WARNS ALLIES ON CHINA’S DEBT-TRAP

TAIPEI – An ‘all that glitters is not gold’ warning has been sounded by Taiwan to its international diplomatic allies regarding what it calls Mainland China’s ‘dollar diplomacy’.

The Repluc of China on Taiwan has pointed out that the economic incentives promised by Mainland China to every country that would establish diplomatic ties with the latter over the former carried with them hidden agendas.
This was said by Chui-Cheng Chui, the Deputy Minister in the Mainland Affairs Council, when addressing journalists from eight of Taiwan’s diplomatic allies last week.

The journalists had paid a courtesy call to the deputy minister as part of a week-long programme meant to familiarise the journalists with Taiwan’s developments and cooperation with the diplomatic allies.
Chui-Cheng expressed Taiwan’s appreciation for the strong support and assistance offered by the diplomatic allies, amid Mainland China’s economic and military threats.

“Mainland China proposes all kinds of incentives and inducements, but if you review these incentives there is political propaganda behind such proposals,” the deputy minister said.

He further stated that ‘sometimes there are possibilities of some debt-trap that comes with economic cooperation with Mainland China’.
He said controversies had marred some companies that had taken Mainland China’s offers in the countries, where such cooperation had been established.

Chui-Cheng pointed out that this was not the case with Taiwan.
“On the other hand, Taiwan will always fulfil its obligations and responsibilities, as well as follow all laid down rules,” he assured.
The deputy minister called on all its allies to help the Asian country maintain the status quo of the Taiwan Strait because it was not easy to do so by themselves.

The Taiwan Strait, or Formosa Strait, is a 180 kilometre (110 mi)-wide strait separating the island of Taiwan from mainland China (People’s Republic of China). The strait is part of the South China Sea and connects to the East China Sea to the north.
“We are committed to maintaining the status quo of the peaceful and stable developments along the Taiwan Strait. Our government hopes that both sides can sit down soon and talk without any preconditions,” he said.

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