Renowned global strategist Kenichi Ohmae on Tuesday told Taiwanese businessmen that while Taiwan enjoys advantages in cross-strait economic cooperation, it needs a new strategy to compete in the Chinese market. Recognizing Taiwanese businessmen's contribution to China's economic development at the initial stage of China's opening, Ohmae said that as China is entering a new stage, with the emphasis on domestic consumption, Taiwanese businessmen seem not well prepared. The business consultant, who has been stressing the growth and potential of the Chinese market for years, called on Taiwanese businessmen to replace their old strategies with better ones. Hesitating to do so would cost Taiwan the opportunity to work and compete with China on an equal basis, said Ohmae, who was giving a speech on the global economy and prospects of cross-strait economic cooperation at the Taipei International Convention Center. He suggested that Taiwan negotiate with China for Taiwanese businessmen to operate on the Chinese mainland as semi-domestic businesses. Otherwise, Taiwanese businessmen might find it difficult to compete with Western or Japanese companies in that market. Ohmae said that five years ago he told Taiwan's government leaders that 'China is opportunity, not threat.' He suggested at that time that Taiwanese businesses had only five years to establish themselves across the strait. Considering that Taiwan has missed its best timing, Ohmae indicated that it was urgent for Taiwan's authorities to make adjustments in a narrow window of opportunity. 'A maximum of one year is allowed,' he concluded. In response to frequent comments that Taiwanese businessmen must not put all their eggs in one basket while making overseas investments by investing too much in China, Ohmae opined that with a market scale 20 times that of Taiwan and diversified development models in various provinces, the Chinese mainland is comparable to the European Union in terms of diversity and potential. 'I wouldn't say it is all eggs in one basket when Taiwan puts the 'eggs' in China,' he said. Ohmae was invited to visit Taiwan by the Chinese National Association of Industry and Commerce, Taiwan. 