Source: CCTV.com
12-22-2008 09:07
Special Report: 4th Cross-Straits Eco. ForumExperts from both sides of the Taiwan Strait discussed boosting investment at the 4th Cross-Strait Economic, Trade and Cultural Forum. Their primary focus has so far been on mainland companies investing in Taiwan.
Experts say that due to restrictions from Taiwan, Cross-Strait investment over the past 20 years has been one-way, from Taiwan to the mainland. This year, the island has issued policies to encourage mainland investment in its service sector.
Wang Jiann Chyuan, Vice President of Chung Hua Inst. for Economic Research said "After the ease on some restrictions, some mainland businesses, including Quan Jude (the Peking Duck Restaurant)and Tong Rentang (a renowned Chinese Traditional medicine pharmacy), are arriving in Taiwan."
Experts have recommended various fields for mutual investment.
Wang Jiann Chyuan said "Future mutual investment could include joint research and development, like in the herbal medicine area; joint exploration, like in the oil and raw material fields; and industrial cooperation like in the franchising and energy service sectors."
Experts say the one-way flow of capital was not conducive to the healthy development of cross-Strait ties or that of the Taiwan economy. They noted that the island needs new investment to help ease the current difficulties of decreased investment and the rising jobless rate, both brought about by the global financial crisis.
Editor:Xiong Qu
