Beijing reaffirms prospects for ‘Taishang’


BEIJING — Taiwanese businessmen based in China, better known as “Taishang,” (台商) will continue to enjoy promising investment opportunities in Chongqing despite the downfall of the city’s Communist Party chief Bo Xilai (薄熙來), a Chinese official said Wednesday.

China’s state-run Xinhua News Agency (新華社) reported late Tuesday that Bo, who lost his Chongqing post on March 15, has been suspended from the party’s 25-member Politburo and larger Central Committee and was under investigation for suspected disciplinary violations. Fan Liqing (范麗青), spokeswoman of the Taiwan Affairs Office (國台辦) under China’s State Council, was asked about the possible impact of the news on the business environment in Chongqing, a major Taiwanese investment hub in Western China, at a regular weekly news briefing. “We already made it clear that there would be no change in the Chongqing investment climate,” Fan said, referring to a previous assurance from the office issued after Bo’s removal from the top party post in the megacity last month. Fan further said she believed “Taishang” would continue to benefit from a favorable investment climate there. The announcement of Bo’s suspension came as a stunning development in a scandal that has sparked the biggest political crisis in Beijing in two decades ahead of a once-a-decade leadership transition this fall.