channelnewsasia.com - China, Taiwan sign deals worth US#dollar;5.6b
   
 
  blogs  
 
yournews
   
   
 
Video Finance Lifestyle Travel Weather Discussion TV Shows
CNA Live    | About Us 
 
  Home ›
 
Business News
  Smaller Text Size Larger Text Size

 
 

China, Taiwan sign deals worth US$5.6b
Posted: 30 May 2009 0305 hrs

 
 
Photos  of

   
 


BEIJING : A Chinese local authority has signed contracts with Taiwan companies worth 38.3 billion yuan (5.6 billion dollars), state media reported Friday, as ties between the two rivals continue to thaw.

The southwest Chinese municipality of Chongqing signed the agreements Thursday at the start of the Chongqing-Taiwan Week, the China News Service reported on its website.

The deals covered a variety of industries, from high-tech manufacturing to agriculture and real estate, according to the report.

They are the latest sign of warming relations between the two sides after the China-friendly administration of Ma Ying-jeou assumed power in Taiwan last year.

The island has proposed a wide-ranging trade agreement with Beijing to encourage freer cross-strait flow of goods and personnel and to help Taipei tackle the global financial crisis.

Taiwan and China split in 1949 at the end of a civil war. Beijing still regards the island as part of its territory awaiting reunification, by force if necessary.

Ties worsened significantly under Ma's predecessor Chen Shui-bian, who angered China during his eight years in office with what officials in Beijing perceived as provocative pro-independence remarks.

But since Ma took office on May 20 last year, relations have warmed, with the two sides signing agreements that have led to regular direct flights, increased investment opportunities and a boost in tourist arrivals.

- AFP /ls

 

 
Bookmark and Share



Other business News
First Air France A380 reaches New York
HK unveils measures to increase property sales transparency
Malaysia issues China's ICBC local banking licence
Australia executives suspended over banknote probe
US lawmakers may penalise China over rigid yuan
Banks should lend more, curb undue bonuses, says ECB
AirAsia profits climb in third quarter
Malaysian economy shrinks 1.2% in Q3
Volkswagen board approves Porsche takeover
Wall Street down on technology jitters
Sony to launch online download service for TVs
Taiwan to probe AIG unit's buyer
India says no rice imports for now
Boeing starts work on second Dreamliner assembly site
Rolls-Royce says Asia's luxury car market picking up
China boosts world steel output
South Korean shipbuilder STX cuts 351 jobs in France
US dollar strengthens on risk aversion
Oil prices wobble on recovery concerns
Boeing on track to launch first 787 Dreamliner flight by end-2009
Nokia to axe 330 jobs in Finland, Denmark

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions