28 August, 2015 AsiaNews.it Twitter AsiaNews.it Facebook            

Help AsiaNews | About us | P.I.M.E. | | RssNewsletter | Mobile






mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato

e-mail this to a friend printable version


» 12/22/2008
CHINA - TAIWAN
China will help Taiwan face economic crisis
Loans to Taiwanese companies operating in China, tax cuts, and other breaks for companies of the island, announced following a high-level political forum. Beijing is talking about "a new beginning" in relations in the Strait. Tomorrow, two giant pandas donated by China arrive in Taipei.

Beijing (AsiaNews/Agencies) - Beijing will lend 130 billion yuan (13 billion euros) over 3 years to Taiwanese business owners operating in China, as part of a plan of cooperation to help the island face the global financial crisis.

Yesterday in Shanghai, at the end of two days of high-level political meetings between the two countries, it was announced among other things that there will be tax cuts for small and medium-sized businesses from Taiwan, greater cooperation in agriculture and for high-technology industries and in the area of new energy sources, together with the participation of Taiwanese companies in Chinese financing to stimulate the economy. Beijing also intends to buy flat panel displays made in Taiwan, for a value of 2 billion dollars.

In the past, Taiwanese companies have invested about 150 billion dollars in China, but now they are also in crisis because of the rise in the cost of labor, the drop in demand for products and exports, and the erosion of profit margins.

More than 400 delegates took part in the forum, including many significant members of the Kuomintang Party (KMT), at the head of the government of Taipei. At the end, both sides celebrated the "complete success" of the meeting, and "a new beginning" in relations across the Strait of Taiwan. Wang Yi, director of the mainland's Taiwan Affairs Office, insisted that "compatriots on both sides [of the Strait of Taiwan] are part of the same family. We feel the same pain at this current time of economic difficulties in Taiwan."

The forum is in its fourth edition. Jia Qingling, chairman of the Chinese People's Political Consultative Conference (in the photo), insisted that this time, the forum had "greater importance" than previous ones.

Relations between the two states have increased after Ma Ying-jeou of the KMT became president in May. Today in Chengdu, the airplane arrived from Taiwan that will depart again tomorrow to bring to the island the couple of giant pandas donated by Beijing, named Tuan Tuan and Yuan Yuan, names that taken together mean "reunite." China is famous for its so-called "panda diplomacy," with gifts of the famous animal that is found in its natural habitat only there, and given to foreign countries as a sign of good relations. This gift was offered to Taipei beginning in 2006, but was always declined by the previous president, Chen Shui-bian, a fervent nationalist.


e-mail this to a friend printable version

See also
11/15/2008 CHINA
G20 summit underway: all eyes on developing countries
10/24/2008 NEPAL
Nepal fears global financial crisis, looks to China
by Kalpit Parajuili
09/12/2008 TAIWAN
Taipei announces NT$ 180 billion in aid to businesses and families
08/06/2009 CHINA
Chinese statistics increasingly unreliable
12/04/2008 RUSSIA
Russian leaders exploit crisis to increase their power

Editor's choices
LEBANON
Muslims defend Christians’ freedom in Beirut DeclarationFreedom of religion, education and opinion are defended by quoting the Qur’ān, which is the basis for the rule of law, not a religious state. Lebanese Sunnis slam violence committed in the name of God. The full declaration is reprinted here.
LEBANON
Islamic Makassed launch doctrinal battle against Muslim extremism
by Fady NounOfficial reference point for Lebanon’s Sunnis approves a document entitled "Beirut Declaration on Religious Freedom". Speculation over whether Dar el-Fatwa will succeed in gradually regaining control of Islamic religious teaching in the nation’s mosques.
HONG KONG – CHINA
For Card Zen, removing crosses in Zhejiang is an insult to the faith of CatholicsHong Kong’s bishop emeritus has come to the conclusion that the campaign to dismantle crosses and religious buildings is part of a broader, nation-wide strategy, and constitutes regression in terms of the mainland's religious policy. Catholics and Protestants in Hong Kong now fear that it might happen to them. In Zhejiang, another 15 religious buildings are slated for destruction by 1 September.

Dossier

Copyright © 2003 AsiaNews C.F. 00889190153 All rights reserved. Content on this site is made available for personal, non-commercial use only. You may not reproduce, republish, sell or otherwise distribute the content or any modified or altered versions of it without the express written permission of the editor. Photos on AsiaNews.it are largely taken from the internet and thus considered to be in the public domain. Anyone contrary to their publication need only contact the editorial office which will immediately proceed to remove the photos.