May 20, 2022

Taiwan tightens laws against China economic espionage

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2022-05-20 19:30:04

May 20, 2022

Taiwan toughened its laws on Friday to counter technology theft and talent poaching by China, authorities said.

The move aims to "better protect the competitiveness of our high-tech industries ... and to prevent the trade secrets in key national technologies from being infringed by hostile foreign forces and their proxies," the Ministry of Justice said in a statement.

A separate law governing relations with China was also amended to thwart illegal investments and talent poaching by China, said the Mainland Affairs Council (MAC), Taiwan's top China policy-making body.

According to MAC, foreign-registered Chinese companies that set up subsidiaries on the island without approval will face a maximum three-year jail term, and those who help Chinese investors illegally operate in Taiwan under their names will face a maximum fine of 25 million Taiwan dollars ($843,000)

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