MarketDeal24.Com – In a sign a spectacular defiance by Taiwan, its president Tsai Ing-wen said on Wednesday the island nation would not accept a “one country, two systems” political formula Beijing has proposed could be used to unify the democratic island, saying such an set-up had failed in Hong Kong.
China claims Taiwan as its territory, to be brought under Beijing’s rule by force if necessary. Taiwan says it is an independent nation called the Republic of China, its official name.
The incumbent Tsai, who’s seeking re-election in a January 11 polls, also vowed in a New Year’s speech to defend Taiwan’s sovereignty, saying her government would build a mechanism to safeguard freedom and democracy as Beijing ramps up pressure on the island.
“Hong Kong people have showed us that ‘one country, two systems’ is definitely not practical,” Tsai said, referring to the political arrangement that ensured certain freedoms in the former British colony of Hong Kong after it was returned to China in 1997.
“Under ‘one country, two systems’, the situation continues to deteriorate in Hong Kong. The credibility of ‘one country, two systems’ has been destroyed by the government’s abuse of power,” Tsai said.
Hong Kong has been hit by months of anti-government demonstrations fueled by widespread anger of perceived efforts by Beijing to exert control of the city despite the promises of autonomy.
Taiwan’s legislature passed an anti-infiltration law on Tuesday to combat perceived threats from China, further straining ties between Taiwan and Beijing.
Tsai said the law will safeguard Taiwan’s democracy and cross-strait exchanges will not be affected amid worries that the law may hamper business ties with China.