Taiwan daily news roundup: political clash over premier's powers, rocket test failure, and stocks slip
Taiwan's news is mixed: a constitutional fight is brewing in Taipei, a homegrown rocket launch failed, and the stock market drifted lower on thin trading.
- Han Kuo-yu and Premier Cho Jung-tai are at odds over the premier's power to countersign laws, a fight about who really controls policy.
- A carrier rocket crashed in Pingtung on its first test flight, a setback for Taiwan's space ambitions.
- Taiwan stocks fell as trading volume dried up, though shares opened higher and the U.S. dollar weakened against the local currency.
- The Cabinet is preparing five big economic and financial policies for next year, and pay for certain combat troops is being raised.
- Officials say China is targeting overseas Taiwanese community groups as part of its influence campaign.
Outlook: The countersignature fight looks set to escalate, and next year's economic policy package will show how far the Cabinet is willing to spend.