Nov 21, 2012

Taiwan: New Chinese Government Intends To Retain Approach

The newly elected Chinese leaders will keep supporting economic cooperation with Taiwan, according to officials.

Below is an article published by Focus Taiwan:

Beijing will maintain a consistent policy toward Taiwan and continue to promote and deepen cross-Taiwan Strait economic cooperation despite its recent power reshuffle, a Chinese official said Wednesday [21 November 2012].

In the face of a global economic downturn, industries on both sides need to strengthen their complementary relationship, said Zheng Lizhong, vice president of the Association for Relations Across the Taiwan Strait, at a cross-strait industrial cooperation forum in Hsinchu.

The two sides should also jointly set technical standards and work together to create and market new brands, Zheng said.

He said Beijing will actively promote investment by Chinese companies in Taiwan because such activity plays an important role in deepening cross-strait economic cooperation.

Meanwhile, Kao Koong-lian, vice chairman of the Taipei-based Straits Exchange Foundation, said since Taiwan's Ministry of Economic Affairs launched a "bridge building" program in November 2008, it has successfully brought about substantive cooperation between 1,600 companies on both sides.

In addition to strengthening their complementary relationship to create a win-win situation, the two sides should avoid vicious competition and overlap in their investment, Kao said.

Taiwan and China should end their price war and move toward partnership in innovation, research and development, he suggested.

According to Kao, the current cross-strait cooperation has been focused on three main areas, namely strengthening intellectual property right protection, promoting follow-up talks under the Economic Cooperation Framework Agreement and exchanging trade offices.