China sends large group to buy billions in Taiwanese goods

Rage

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China sends large group to buy Taiwanese goods

9 hours ago


TAIPEI, Taiwan (AP) — A group of Chinese computer and home appliance manufacturers arrived Sunday with plans to buy billions of dollars worth of goods and components from Taiwan, officials and news reports said.

Officials from 46 Chinese companies, including big manufacturers such as Lenovo and Haier, have joined the buy-Taiwan group, group leader Li Shuilin said.

The companies have recently won bids to supply Chinese farmers and city dwellers with computers and home appliances in a state-subsidized project, and plan to buy chips and other components from Taiwan, Li said.

Li did not elaborate, but local newspapers quoted unidentified Taiwanese officials as saying the displays.

Investment and travel barriers are falling between the once-bitter enemies amid warmer ties. Since Taiwanese President Ma Ying-jeou took office a year ago, he has sought closer economic ties with the mainland while also improving political relations. The sides split amid civil war six decades ago.

Chinese leaders have pledged to help the island counter its recent economic slump. Taiwan's economy contracted by a record 10.2 percent in the first quarter from a year earlier as foreign demand fell sharply amid the global economic slowdown.


The Associated Press: China sends large group to buy Taiwanese goods
 

Koji

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This is not a bad idea at all. Taiwanese businesses have invested hundreds of billions of dollars in the mainland, but government restrictions in Taiwan prevented a reciprocal action. It is nice to see warmer ties between the two countries to diffuse tensions and inject some much needed economic activity in north east asia.
 

Known_Unknown

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Taiwan needs to declare independence, and make sure the CCP gets the message that they won't be able to crush the liberal, democratic traditions of Taiwan. I don't understand why India plays such a passive role here. We need to strengthen our relations with Taiwan.
 
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KU there is very little for India to gain,let USA and japan play the spoilers.
 

Known_Unknown

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LF, the more China is engaged in internal disputes, the less it will concentrate on trying to contain India. Two can play this game.
 
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china has many internal problems that it tries hides from the world but they always pop back up from tibetans, uiygurs,mongolia and border disputes with all it's neigbors.
 

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