Guo Taiming: Should suppress investment in LED and other overcapacity industries

Guo Taiming, chairman of Hon Hai Group, pointed out that industries with overcapacity across the Taiwan Strait should curb investment. Guo Taiming said that including solar energy, LED and other industries, there are industrial surpluses on both sides of the strait, resulting in waste of resources. The two sides of the strait should establish a platform through division of labor to achieve a win-win situation.

When pointing to cross-strait issues, Guo Taiming pointed out that the two sides should discuss how enterprises should divide their labor. Taiwan has the advantage of Taiwan. The mainland also has its strong points. It should not be excessively overlapping and improper investment waste. Therefore, industries with overcapacity should curb investment.

Guo Taiming pointed out that Taiwan has no market. In the past, it relied on the United States. Today, the mainland's huge domestic demand market is very important to Taiwan. Taiwan has advantages in the information and semiconductor industries. In terms of cross-strait cooperation, it can complement each other.

Guo Taiming believes that Taiwan can be bolder and opener in its economic development strategy. Combining the strengths of the mainland with the advantages of Taiwan, letting everyone go out and not being influenced by the political framework, let enterprises be "Chinese dreams" or "big." The Chinese economic circle can be integrated into the Chinese economy.

In addition, Guo Taiming also reiterated that the two sides should establish an objective, fair, transparent and professional arbitration institution to lay a good foundation for industrial and scientific cooperation between the two sides. The cross-strait investment protection agreement is not enough to strengthen the protection between private individuals. The problem of intellectual property rights of Taiwanese enterprises is mostly in the technology industry. The dispute between enterprises and enterprises on both sides of the strait must have a mechanism for coordinating arbitration. Coordination of arbitration mechanisms requires a fair, objective, independent and professional platform. In the future, cross-strait technical exchanges can truly protect Taiwan’s technology industry, and cross-strait corporate disputes can Really solved.

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