Forum focuses on Taiwan business relations
The Standing Committee of the National People’s Congress, the country’s top legislature, will hold its bimonthly session from Monday to Friday in Beijing. Members will discuss draft laws on nuclear safety and the national anthem, along with draft amendments to the Anti-Unfair Competition Law. They will also draft revisions to the Law on Promoting Small and MediumSized Enterprises. The People’s Bank of China will issue a set of three commemorative coins on Monday to mark the upcoming BRICS Summit in Xiamen, Fujian province, from Sept 3 to 5. “BRICS: Stronger Partnership for a Brighter Future” is the key theme. On Monday, the State Council Information Office will hold a media briefing in Beijing at which Zhang Yansheng, chief economist at the China Center for International Economic Exchanges, and Zhang Jianping, director of the Commerce Ministry’s Institute of Western Asian and Africa Studies, will introduce the opportunities, challenges and prospects of the BRICS mechanism. The BRICS countries are Brazil, Russia, India, China and South Africa. The 12th Forum for Taiwanese Business will be held in Huai’an, Jiangsu province, from Monday to Wednesday. Since the reform and opening-up of the Chinese mainland in the late 1970s, enterprises from Taiwan have been the beneficiaries of favorable policies from the central and local governments, including tax cuts and lower costs for land use. Since the first forum in 2006, Huai’an has attracted $12 billion worth of investment from more than 1,200 businesses in Taiwan.