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Published on : Saturday, October 15, 2016
This has hurt Taiwan’s already sluggish economy.
Ever since the adopted policy has been implemented by China, Chinese group tours to Taiwan have come down 40 per cent, hitting the central and southern regions of the island hard.
The tourism downturn is already putting a dent in the new president’s popularity.
Beijing has suspended the official institutionalised talks with Taiwan, cut off tourists, and blocked it from international meetings it had previously let Taiwan participate in piqued by the new president’s refusal to endorse the 1992 formula.
According to 1992 consensus, both sides agreed there was one China but with different interpretations, that is at the heart of the new chill in the relationship.
The status quo has meant relatively peaceful relations for over 20 years, since Taiwan’s transition to democracy, and it is usually seen as a rational, non- provocative formulation. But the two sides now seem at an impasse.
“Beijing’s tone is that they insist on the 1992 consensus, because it shows the One China principle under their interpretation,” says Dr Chiu Chui-Cheng from of the Mainland Affairs Council. “Their ultimate goal is for unification. They are trying to lock Taiwan into a certain framework, however we are not going to accept this precondition.”