Decline in import and export trade to change the cross-strait economic and trade structure? Scholar: Industrial inter-embedding is irreversible

Beijing, 4 Apr (ZXS) -- In the first quarter of this year, cross-strait trade volume fell markedly and directly affected Taiwan's export data; Yin Cunyi, a professor at the Institute of Taiwan Studies at Qinghua University, said on 28 April that short-term data fluctuations do not mean structural changes in cross-strait economic and trade relations, and the inter-embedding of cross-strait industrial cooperation is an irreversible general trend.

On April 4, Professor Yin Cunyi of the Institute of Taiwan Studies of Tsinghua University attended a series of academic activities entitled "Face-to-Face for Scholars from Both Sides of the Strait" in Beijing. Yin Cunyi, a professor at the Institute of Taiwan Studies at Tsinghua University, said that short-term data fluctuations do not mean structural changes in cross-strait economic and trade relations, and the inter-embedding of cross-strait industrial cooperation is an irreversible trend. Photo by China News Agency reporter Yang Chengchen

The General Administration of Customs announced that in the first quarter of this year, the total import and export trade between the two sides of the strait decreased by 26.5 percent over the same period last year. The latest data on the island shows that Taiwan's exports in the first quarter fell by 19.2% year-on-year. Yin Cunyi stressed to the China News Agency that the first-quarter data performance of cross-strait import and export trade "is not a normal event."

He pointed out that the rise and fall of import and export data is an inevitable law of geo-economy. Even with uncertainties in the global environment, the economic closeness between Chinese mainland and East Asian countries and regions is strengthening. The increasingly close economic dependence is determined by the structural status quo of cross-strait industrial cooperation. The decline in cross-strait import and export trade for a period of time may have an impact on Taiwan's people's livelihood, but it will also prompt the Taiwanese people to think carefully about how cross-strait relations should develop in the future.

Yin Cunyi also said that the high degree of cross-strait economic and industrial integration is based on the industrial globalization of the past few decades. When globalization suffers, Taiwan, as a provider of industrial services to both the mainland and the United States, also faces a choice.

"Taiwan's economic dependence on the mainland is irreversible, and it is also impossible to completely cut ties with the United States." He described it as like a triangle that both sides of Taiwan cannot do without. Even if some important industries in Taiwan are transferred to the United States, most of these adjustments are not economic considerations. In the long run, the overall pattern is solid.

On April 4, Professor Ding Renfang of the Department of Political Science of National Cheng Kung University in Taiwan attended a series of academic activities in Beijing entitled "Face-to-Face for Cross-Strait Scholars" and delivered a speech on the topic of "Cross-Strait Economic and Industrial Exchanges and Cooperation". Ding Renfang said that the high degree of economic interconnection between the two sides of the strait can not be changed in the short term, and this dependence will positively affect the long-term peaceful development of cross-strait relations. Photo by China News Agency reporter Yang Chengchen

Ding Renfang, a professor of political science at Taiwan's Cheng Kung University, also told reporters that the high degree of economic interconnectedness between the two sides of the strait can not be changed in the short term, and this dependence will positively affect the long-term peaceful development of cross-strait relations.

In response to this matter recently, a spokesman for the Taiwan Affairs Office of the State Council pointed out that the DPP authorities have closely cooperated with the anti-China forces in the United States and the West, surrendered their hands to the island's core advantageous industries, and Taiwan's technical personnel and economic wealth have been greatly lost. Ding Renfang said that when the DPP was in opposition, he strongly criticized the signing of the Cross-Strait Economic Cooperation Framework Agreement (ECFA), but now that it has been in power for nearly seven years, not only does it dare not criticize ECFA, but it has also repeatedly expressed the hope that the agreement will continue. This is because they know that cross-strait economic and trade integration is beneficial to Taiwan.

On the same day, a series of academic activities "Face to Face with Cross-Strait Scholars" organized by the Chinese Cultural Institute and Xiamen University were held in Beijing, and scholars such as Yin Cunyi and Ding Renfang carried out exchanges on "cross-strait economic and industrial exchanges and cooperation". (End)