Since Taiwan’s democratic transition, its relationship with China has remained the most salient issue in party politics. Although extensive studies have examined public opinion, there has been a lack of systematic research on how political parties frame this issue rhetorically. Using the Latent Semantic Scaling model, this study analyzes the speeches of Taiwanese legislators on China-related issues from 1996 to 2020. The results show that the Kuomintang emphasizes the benefits of engagement with China, particularly highlighting “communication dialogue” and “economic benefits.” In contrast, the Democratic Progressive Party often discusses threats from China, focusing on “security” and threats to “democracy and freedom.” When Taiwan’s economic performance is less satisfactory and China’s economy appears stronger, legislators tend to emphasize the economic benefits of engagement with China. Moreover, legislators elected from districts more dependent on agriculture and fisheries tend to emphasize China’s economic opportunities.