Fujian lures more Taiwan investment

By Chen Chao
0 CommentsPrint E-mail China.org.cn, March 11, 2010
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A Fujian official says the government should give capital from Taiwan equal treatment as mainland capital as long as the investment does not harm national security.

Fujian lures more Taiwan investment

The Fujian delegation to the Third Session of the 11th National People's Congress meets in the Great Hall of the People on March 6, 2010. 

Capital from Taiwan should be treated the same as those from the mainland and made free to finance any projects that do not pose a threat to national security, said Deng Benyuan, director of the Taiwan Affairs Office of Fujian Province's Communist Party Committee, at the annual parliament session on March 6.

Deng said that the State Council has proposed such treatment for Taiwanese capital, and now it is time to implement it.

"The limit of share ratio imposed on capital from Taiwan should be eased as much as possible, and market access threshold should be lowered for Taiwanese investors," Deng said.

He suggested that Fujian first try a few pilot projects and then promote the practice more widely.

This year, Fujian will launch a number of big projects in its Taiwan Strait West Bank Economic Zone, mainly in petrochemical, iron and steel and equipment manufacturing.

The province is also setting up a major industrial park on its Pingtan Island, which is only 68 nautical miles from Xinzhu, Taiwan.

Deng said the central government would be wise to establish economic exchanges and mutual political trust, developing relations with Taiwan.

Fujian worked hard last year to help Taiwanese businessmen combat the financial crisis, which kept Taiwanese investments in Fujian up, Deng said.

He pointed out that Premier Wen Jiabao mentioned "peaceful development" between the mainland and Taiwan several times in his work report to this year's parliament session, saying the mainland should stick to this idea.

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