Chen Binhua, a spokesperson of the Taiwan Affairs Office of the State Council, attends a press conference on May14, 2025. Photo: Taiwan Affairs Office of the State Council

A spokesperson for the Taiwan Affairs Office of the State Council on Wednesday slammed the Democratic Progressive Party (DPP) authorities' shameless attempt to sell out Taiwan region's interests to appease the US, warning that continuously making concessions will lead to full exploitation of Taiwan by the US. 

Chen Binhua, the spokesperson, made the remarks at a press briefing on Wednesday morning, when asked to comment on a recent claim made by a Taiwan regional official that the region will further expand investment in the US to help "make America great again," which caused an uproar in public opinion on the island.  

"This once again proves that the Lai Ching-te authorities have become shameless in kneeling in submission and currying favor with the US by selling out Taiwan," Chen said.

Chen stated that in the face of the US' abuse of tariffs, with the island's development rights and interests seriously damaged, the DPP authorities lack not only the courage to say "no" to economic bullying, but also the ability to safeguard the legitimate interests of enterprises and people on the island. Instead, they continue to try to fawn on the US at the expense of the island's advantageous industries, people's well-being and economic prospects, he noted.

"If the DPP authorities keep making concessions, the inevitable result will be that the US will keep demanding more and Taiwan will be completely exploited," the spokesperson said.

Zhang Wensheng, deputy dean and a professor at the Taiwan Research Institute at Xiamen University, told the Global Times on Wednesday that the DPP authorities' attempt to sell out Taiwan's interests to appease Washington has already resulted in huge losses, citing the example of Taiwan Semiconductor Manufacturing Co (TSMC).

In April, TSMC reported significant losses at its plant in Arizona, the US, and robust profits on the Chinese mainland. According to its latest annual shareholder report, the Arizona plant suffered a loss of 14.3 billion New Taiwan dollars ($440 million) last year, marking the highest annual loss since TSMC began investing in US manufacturing, according to Xinhua. 

"TSMC and other companies have suffered greatly. If DPP authorities continue to follow the US' lead in the future, the regional economy will suffer a more serious blow," Zhang said.

In stark contrast, TSMC's operations on the Chinese mainland continued to deliver robust performance. The Nanjing plant alone generated a profit of 25.95 billion New Taiwan dollars in 2024, with a total profit of more than 80 billion over the past four years, Xinhua reported. 

Global Times