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Talk of the Day -- Taiwan steps up air patrols amid Diaoyutais row

2012/09/19 23:19:35

President Ma Ying-jeou inspected various radar stations in northern Taiwan Wednesday amid escalating tension over the disputed Diaoyutai Islands in East China Sea.

Local media reports also said Taiwan's Air Force has stepped up air patrols in areas near the uninhabited island chain and its surrounding waters.

Meanwhile, media reports said the latest flare-up of tension between China and Japan over the Diaoyutais is pushing more Japanese companies to consider launching new investment projects in Taiwan.

Taiwan's National Development Fund has tentatively decided to cooperate with Japan's Daiwa Securities Group in setting up a biotech venture capital fund to boost partnership in the biotech field, the reports said.

Some Taiwanese companies in LED and IDM sectors have also received orders from China where growing anti-Japan protests prompted Chinese company to switch orders from Japan to Taiwan, according to the reports.

The following are excerpts from the local media coverage of impact of the Diaoyutai terriotiral dispute:

United Evening News:

President Ma inspected several northern Taiwan military bases Wednesday, including the Air Force's sixth radar squadron, the Navy radar station in Sanjhih, New Taipei and the Military Police Command.

The inspection tours were part of Ma's troops reach-out program ahead of the Mid-Autumn Festival which falls on Sept. 30 this year.

The tours were also part of the government's efforts to reinforce Taiwan's claim to the Diaoyutais, military sources said.

During a lunch at the Military Police Command, Ma revealed that China's surveillance fleets navigating around the Diaoyutais in recent days were accompanied by Chinese patrol vessels equipped with missiles.

As of 10 a.m. Wednesday, Ma said that under the escort of coast guard patrol ships, Taiwanese fishing ships had been operating smoothly in waters surrounding the Pengjia Islet, while lies close to the Diaoyutais. (Sept. 19, 2012).

United Daily News:

The Air Force's 401 Wing stationed in Hualien in eastern Taiwan sent F-16 reconnaissance aircraft to monitor Chinese and Japanese patrol vessels navigating in waters around the disputed Diaoyutai Islands Tuesday.

A number of F-16s also conducted live-fire drills on an isle of the Penghu island group, military sources said.

Anti-Japan protests in China reached a new high Tuesday when China marked the 81st anniversary of the Mukden Incident.

The incident refers to an attack Sept. 18, 1931 by Japanese forces on Chinese troops in Shenyang in northeastern China, which marked a step in Japan's conquest of Manchuria and onward to much of China in the 1930s and throughout World War II. (Sept. 19, 2012).

Economic Daily News:

Three Japanese companies have expressed interest to invest at least NT$2 billion in a new industrial park known as TJ Park in Taiwan which will mainly host innovative production facilities, government sources said.

Yiin Chii-ming, head of the Council for Economic Planning and Development, made a low-profile visit to Japan last week.

Sources close to Yiin said during his visit, he reached consensus with Daiwa Securities that Taiwan's National Development Fund will invest in a venture capital fund to be set up by Daiwa to encourage investment in biotech industry. (Sept. 19, 2012).

(By Sofia Wu)