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This post was edited by abramicus at 2016-1-18 03:39|
The voters in Taiwan mistook the effect for the cause of its economic decline. Taiwan's economic decline is not because the deal with China only favored the rich and sold out on its middle and lower classes. Taiwan's economic decline is because China itself was sold out to the international banking cartel, being forced to overvalue the Yuan, even to the point that its manufacturing sector and exporters (which include thousands of Taiwanese businesses located in the mainland) have very thin profit margins, and are swallowing debt to stay afloat, but may eventually drown in their debts and sink into bankruptcy, leading to lay offs in the mainland and in Taiwan. The voters are in a sense, right about the cause, in that it emanates from China's political and monetary policies, but they are wrong, in that the target victim of such policies is the Chinese manufacturing sector, not Taiwan's per se.
Thus, while there is nothing to be optimistic about Taiwan going forward, there is even less to be optimistic about China under its current monetary and economic policies going forward, and it is even worse for China, because Taiwan can turn to Japan for help under Tsai, but China will be sacrificed for Japan's survival by its own monetary policies. Objectively, Taiwanese businesses should seek safe harbor in Japanese corporations as their distributors of Japanese goods in China, or their subcontractors in manufacturing parts for Japanese products, which are slated to swamp China if China spends another trillion dollars to revalue the Yuan back up, even if this bounce may not last more than a year, as the net equity position of the country, factoring in the foreign currency denominated debts that have been ballooning in the past 2 years, may effectively cancelled out very soon.
The people of Taiwan should not be blamed, however, for not knowing what is really going on inside China's corridors of power.