Govt pledges back­ing for cross-Straits ties

China Daily (USA) - - BUSINESS - By YANG ZIMAN, LIN TING and HUMEIDONG in Xi­a­men yangz­i­man@chi­nadaily.com.cn

The govern­ment will con­tinue to sup­port trade and in­vest­ment links across the Tai­wan Straits, Wang Shouwen, vicem­i­nis­ter of com­merce, said on Thurs­day.

“The economies of the main­land and Tai­wan have proved to be com­ple­men­tary. The two sides should co­op­er­ate fur­ther in var­i­ous in­dus­tries to tap the growth po­ten­tial,” Wang said at a cross-Straits eco­nomic co­op­er­a­tion fo­rum held in Xi­a­men, Fu­jian prov­ince, dur­ing the 19th China In­ter­na­tional Fair for In­vest­ment and Trade.

Busi­ness co­op­er­a­tion across the Straits has grown sig­nif­i­cantly dur­ing the past decades and the main­land wel­comes in­vest­ment from Tai­wan to share in the growth op­por­tu­ni­ties, ac­cord­ing to Wang.

In the eyes of Tai­wan busi­ness­peo­ple, e-com­merce will be an­other growth en­gine to fa­cil­i­tate busi­ness ties cross the Straits.

“Tai­wan, with­out much nat­u­ral re­sources and pop­u­la­tion, has to rely on e-com­merce as an im­por­tant driv­ing force of the econ­omy. Tai­wan’s e-com­merce, as it started ear­lier than the main­land, has quite a lot of ex­pe­ri­ence that can be learned from,” said Liang Kuo-Hsin, chair­man of the Tai­wan Trade Cen­ter.

Lai Cheng-I, chair­man of the Gen­eral Cham­ber of Com­merce of Tai­wan, noted that the num­ber of tourists from the main­land has fallen sharply. But busi­ness com­mu­ni­ca­tion in the pri­vate sec­tor be­tween the main­land and Tai­wan will not stop, since Tai­wan’s trade with the main­land ac­counts for 40 per­cent of the is­land’s to­tal trade vol­ume.

Zheng Kang, deputy di­rec­tor of the eco­nomic bureau of the Tai­wan Af­fairs Of­fice of the State Coun­cil, sug­gested that Tai­wan should de­velop more prod­ucts and ser­vices tar­get­ing the main­land mar­ket, as the main­land boasts a sta­ble and ris­ing mid­dle class.

In ad­di­tion to in­vest­ment, Zheng said that the cen­tral govern­ment will drawup more poli­cies to en­cour­age Tai­wan com­pa­nies to en­gage in in­no­va­tion and en­trepreneur­ship in the main­land.

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