KMT’s Chu rebuts Tsai’s asset dumping charge

(From The China Post)

Democratic Progressive Party (DPP) presidential candidate Tsai Ing-wen warned the ruling Kuomintang (KMT) not to take drastic measures on its party assets before a new Legislature is sworn in after national elections in January. KMT’s presidential candidate Eric Chu fired back by saying that the party’s assets were already placed in a trust, analogizing that they must not be used like a cash vending machine by the DPP.

Eric Chu campaigns in Greater Tainan on Saturday

Eric Chu campaigns in Greater Tainan on Saturday

Chu said  they had been placed into a trust in a “public and transparent method.”

He accused Tsai of using the long-standing issue of KMT-held assets after it assumed control of Taiwan in 1945 to divert attention from other policy issues. He had promised to return party assets that were acquired unlawfully during his run for KMT chairman in December 2014.

Turning to economy, he said the island’s prosperity in the current century could not be confined to Taiwan itself, and that Taiwan needed to “open its doors in order to become a free trade economy.” Read More

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