Taiwan’s experience offers valuable lessons for China. Perhaps the most important one concerns the “financialization of innovation,” whereby technology investment is funded by risk capital from the stock market, rather than by the risk-adverse banking system.
HONG KONG –Ma Ying-jeou, Taiwan’s president from 2008 to 2016, who last year became the first former or sitting Taiwanese leader to visit mainland China, made a return trip in April. His 11-day visit, which included a meeting with Chinese President Xi Jinping, is significant not only because it highlighted the two sides’ historical and cultural links, but also because it refocused the Chinese government’s attention on areas where it could learn from and cooperate with Taiwan.
HONG KONG –Ma Ying-jeou, Taiwan’s president from 2008 to 2016, who last year became the first former or sitting Taiwanese leader to visit mainland China, made a return trip in April. His 11-day visit, which included a meeting with Chinese President Xi Jinping, is significant not only because it highlighted the two sides’ historical and cultural links, but also because it refocused the Chinese government’s attention on areas where it could learn from and cooperate with Taiwan.