Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

#WeAreHere: "Ghost" Soldiers of the Somme

Read more

EYE ON AFRICA

Liberia UNMIL mission: UN to hand security control to government

Read more

THE WORLD THIS WEEK

Chaos and confusion after Brexit, Istanbul Airport attack (part 2)

Read more

THE WORLD THIS WEEK

Bitter Divorce: Chaos and confusion after Brexit (part 1)

Read more

DOWN TO EARTH

Extinction crisis: Saving the planet's species from an irreversible fate

Read more

#THE 51%

Unlocking the code: Women refugees offered classes in coding

Read more

#TECH 24

Viva Technology!

Read more

ENCORE!

Marcia Gay Harden, a down-to-earth Hollywood star

Read more

YOU ARE HERE

France’s Camargue region and its herdsmen

Read more

Business

Beijing boosts Taipei ties with billion-dollar deals

Video by Henry MORTON

Text by FRANCE 24

Latest update : 2008-12-22

Relations between China and Taiwan warmed further on Sunday as Beijing announced it would offer $19 billion in loans to Taiwanese companies operating on the mainland, while also pledging to buy $2bn worth of flat-screen monitors from the island.

AFP - Chinese firms will buy two billion dollars of flat-screen monitors from Taiwanese companies as part of a pledge to aid the island's economy in the face of the global downturn, state media reported.
  
Wang Yi, director of the Communist Party's Taiwan Affairs Office, made the announcement at a forum between officials and businessmen from the two sides that ended Sunday, the Xinhua news agency said.
  
Other measures agreed included a Chinese offer for Taiwanese businesses on the mainland of 19 billion dollars in financing over the next three years, Xinhua said.
  
Relations between China and Taiwan have improved rapidly since the election in March of Taiwan President Ma Ying-jeou, who has promised closer ties.
  
His election ended eight years of rule by Chen Shui-bian, whose pro-independence rhetoric inflamed China.

Date created : 2008-12-22

COMMENT(S)