Sun, December 21, 2008
China > HK/Taiwan

Chinese mainland announces ten measures for co-op with Taiwan

2008-12-21 08:57:59 GMT2008-12-21 16:57:59 (Beijing Time)  Xinhua English

Jia Qinglin (L), member of the Standing Committee of the Communist Party of China Central Committee Political Bureau and chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), meets with Chairman of Chinese Taiwan's ruling Kuomintang party Wu Poh-hsiung in Shanghai, east China, on Dec. 19, 2008. (Xinhua/Li Xueren)

SHANGHAI, Dec. 21 (Xinhua) -- The Chinese mainland announced here on Sunday ten policies and measures for economic cooperation with Taiwan aimed at a joint responses to the global financial crisis.

The measures include the support for the development of Taiwanese-funded companies in the mainland, promotion of two-way investment and so on, said Wang Yi, director of the Taiwan Work Office of the Communist Party of China Central Committee, at the conclusion of the 4th Cross-Straits Economic, Trade and Cultural Forum.

Details about the measures and policies include:

-- To support the development of Taiwanese-funded enterprises on the mainland. The mainland's policies for supporting small and medium-sized enterprises (SMEs) also apply to Taiwanese-funded SMEs. To support Taiwanese-funded enterprises to participate in the mainland's projects to expand domestic demand.

-- To improve the financing services for Taiwanese-funded enterprises. The Industry and Commercial Bank of China and Bank of China have recently decided to offer 50 billion yuan (7.3 billion U.S. dollars) each financing Taiwanese-funded enterprises in two to three years, including SMEs. China Development Bank will offer another 30 billion yuan financing Taiwanese-funded enterprises in three years in addition to its previous 30 billion yuan for them.

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