Taipei, Feb. 14 (CNA) President Tsai Ing-wen (蔡英文) reiterated Tuesday that her administration will promote amicable interaction with China with the highest level of goodwill.
There is room for mutually beneficial cooperation between the two sides of the Taiwan Strait, which share common interests in economics, trade and regional development, Tsai said at a Lunar New Year gathering of business leaders.
As long as the two sides put aside unnecessary prejudice against each other, they should be able to open negotiations on issues regarding regional economic development, she said.
Relations between Taiwan and China have been at a virtual standstill since Tsai and her Democratic Progressive Party came to power in May 2016.
Beijing has frozen official talks between the two sides because Tsai's government has not endorsed the "1992 consensus," which essentially implies that China and Taiwan are part of one China, something many Taiwanese do not agree with.
Also during Tuesday's gathering, Tsai said her government is well prepared to deal with the looming problem of water and electricity shortages in Taiwan.
She promised that the government will work to create a stable water supply system through measures such as enhancing the sustainability of reservoirs and developing new water resources.
On the issue of a possible power shortage, she said the Ministry of Economic Affairs is working on a mid- to long-term plan on energy transformation as part an effort to phase out nuclear power.
Under the plan, the government is aiming to see 20 percent of Taiwan's electricity generated by renewables, 50 percent by natural gas and 30 percent by coal by 2025, to ensure a stable electricity supply, according to the president.
By 2025, the state-run Taiwan Power Company and the private sector are expected to invest NT$3 trillion in energy-related infrastructure, she said.
On Taiwan's economic outlook, Tsai noted that the domestic economy monitoring indicator has been flashing a green light for six consecutive months, signaling stable growth, which she said was an indication that the economy was emerging from a tunnel onto a brighter road ahead.
She also said the government's plan to promote "five plus two" innovative industries has entered the implementation phase and is expected to help speed up the recovery and structural transformation of the economy.
(By Huang Ya-chuan, Lu Hsin-hui and Y.F. Low)