Building a Common Market between the two sides of the Taiwan Strait and strengthening the economy of the Chinese Nation

| gov.cn

Nanjing, 5 Nov (Xinhua) Building a cross-strait common market and strengthening the economy of the Chinese nation-- the tide of industrial integration and development between the two sides of the strait is unstoppable

Xinhua News Agency reporter Zha Wenye Lu Huadong he Lei Jing

With the theme of "deepening integration and development and building a common market", the Zijinshan Summit of entrepreneurs on both sides of the Taiwan Strait closed in Nanjing on the 5th. The annual meeting achieved fruitful results, signing 47 cooperation agreements and reaching an intended signing amount of about 15.5 billion yuan. Participants from both sides of the strait spoke highly of the mainland's new "26 measures," focusing on building a common market between the two sides of the strait and strengthening the economic dialogue of the Chinese nation, and reached a lot of consensus.

The mainland's economy has developed continuously and rapidly, the market potential has been continuously brought into full play, and cross-strait economic and trade exchanges and cooperation have been increasingly expanded. The volume of cross-strait trade increased from US $50 million in 1978 to US $226.24 billion by the end of 2018. According to statistics from the Ministry of Commerce, as of June this year, the mainland had approved a total of 109658 Taiwan-funded projects, with an actual use of Taiwan capital of US $68.7 billion. With the closer economic interaction between the two sides of the strait, it is inevitable to build a common market.

Xiao Wanchang, chairman of the Taiwan side of the summit, said that the current world economic situation is more complex than ever. "the theme of this year's summit has played an anchor role in the minds of Taiwan enterprises. The common market between the two sides of the strait is the goal of cross-strait enterprise cooperation. I hope we can work together to overcome challenges and shape a new vision."

"Building a common market between the two sides of the strait will not only realize the optimal allocation of resource elements and complementary advantages between the two sides of the strait, accelerate economic development and improve quality, but also effectively enhance the voice of the Chinese people in the global governance system. To enhance the regional and global competitiveness of the Chinese economy. " Fan Hengshan, honorary president of the China Regional Science Association, said.

The construction of "Belt and Road Initiative" is an important platform for mainland enterprises to "go out", and it has also been highly concerned by the Taiwan industry. At the sub-forum of the Promotion Group for Comprehensive Cooperation and Exchange at this summit, From Sihanouk Port Special Economic Zone Co., Ltd., Ethiopia Oriental Industrial Park Co., Ltd., China Merchants Group overseas, The responsible persons of Fujian Fujian Cambodia Industrial Co., Ltd., and other mainland enterprises shared their experiences in the construction of the park along the "Belt and Road Initiative" route. And warmly welcome Taiwan enterprises to invest.

Zhang Tieshi, chairman of Jingding Engineering Construction Co., Ltd., said that its parent company, Zhongding Group, has been involved in countries along the "Belt and Road Initiative" route since the 1980s, building large oil refining and chemical plants in many countries in the Middle East and Southeast Asia. Zhongding's experience in design, construction and management, combined with the mainland's construction technology and financial strength, can open up a broader space in the international market.

"We are all Chinese, with the same language and species, very convenient communication and a very short running-in period. The way is for people to come out, and the way is for people to come up with the way. With the joint efforts of enterprises on both sides of the strait, we will certainly be able to overcome difficulties and make new achievements in the construction of 'Belt and Road Initiative'. " Said Zhu Huilan, vice chairman of Taiwan China Engineering Co., Ltd.

The "26 measures" announced on the 4th supported Taiwan enterprises to participate in the construction of 5G on the mainland, opening up a new space for high-end information industry cooperation between the two sides of the strait. At the sub-forum of the Information and Communications Industry Cooperation Promotion Group, the participants discussed it very enthusiastically.

Zhao Haijun, co-chief executive of SMIC International Integrated Circuit Manufacturing Co., Ltd., delivered a speech on "working with" Core "to create the future." He said that by 2030, the scale of the global integrated circuit industry is expected to reach US $1 trillion, and the main body of the global integrated circuit manufacturing industry is on the mainland, and it is in line with the law of industrial development to use whole machine manufacturing to drive the upstream and downstream industrial chain. Taiwan has obvious advantages in integrated circuit technology, and it is only natural for enterprises on both sides of the strait to strengthen cooperation.

Li Shiqin, Taiwan convenor of the group, said that the mainland has selected five cities in Chongqing, Huaian, Yancheng, Xiamen and Fuzhou as pilot cities, and Taiwan enterprises very much hope to participate in the specific planning and construction of smart cities. On the 5G side, the two sides can send more experts to exchange views, jointly explore cooperation mechanisms, and promote the development of common standards.

The "26 measures" have released new positive information to Taiwan enterprises in the financial field, and people attending the meeting are very optimistic about cross-strait financial cooperation, saying that this will not only help mainland Taiwan businessmen solve the problem of "financing difficulties," but also benefit the mainland's real economy.

At the special forum of the Financial Industry Cooperation Promotion Group, Nanjing Zijin Group has set up a joint venture securities company with Taiwan Taixin Securities, Everbright Bank and Taiwan King's Bank have set up a consumer finance company. VIPSHOP and Fubon China a bank joint venture to set up a consumer finance company and other seven cooperation memorandum projects have been signed.

Fubon Hua, the first fully licensed Taiwanese bank in the mainland, recently signed a strategic cooperation agreement with the Bank of Shanghai, and the two banks signed a letter of intent for syndicated loan cooperation with Hefu (China) Medical Technology Co., Ltd. Ma Lixin, chairman of Fubon China, said that the bank and the Bank of Shanghai are highly complementary in terms of institutional network layout, resource advantages and business characteristics. It is believed that this cooperation can achieve mutual benefit and win-win results, and will also greatly enhance the ability of both sides to serve Taiwan businessmen and the mainland's real economy.

Qiu Zhengxiong, vice chairman of the Taiwan side of the summit, said at the closing ceremony that from deepening the implementation of the "31 measures" to promoting the "26 measures," establishing a platform for Taiwan businessmen to participate in the "Belt and Road Initiative" mechanism and exploring ways to build a cross-strait common market. Important achievements have been made in expanding cooperation in key industries.

"I hope that in the future, there will be no difference between mainland and Taiwan businessmen on both sides of the strait, and we will be integrated. Both sides of the strait belong to the Chinese nation, and the economies of the two sides of the strait belong to the economy of the Chinese nation, sharing the glory of the Chinese nation on the world economic. Lin Zikai, honorary president of the Youth Association of Taiwan businessmen in Dongguan City, said.

Building a Common Market between the two sides of the Taiwan Strait and strengthening the economy of the Chinese Nation

| gov.cn

Nanjing, 5 Nov (Xinhua) Building a cross-strait common market and strengthening the economy of the Chinese nation-- the tide of industrial integration and development between the two sides of the strait is unstoppable

Xinhua News Agency reporter Zha Wenye Lu Huadong he Lei Jing

With the theme of "deepening integration and development and building a common market", the Zijinshan Summit of entrepreneurs on both sides of the Taiwan Strait closed in Nanjing on the 5th. The annual meeting achieved fruitful results, signing 47 cooperation agreements and reaching an intended signing amount of about 15.5 billion yuan. Participants from both sides of the strait spoke highly of the mainland's new "26 measures," focusing on building a common market between the two sides of the strait and strengthening the economic dialogue of the Chinese nation, and reached a lot of consensus.

The mainland's economy has developed continuously and rapidly, the market potential has been continuously brought into full play, and cross-strait economic and trade exchanges and cooperation have been increasingly expanded. The volume of cross-strait trade increased from US $50 million in 1978 to US $226.24 billion by the end of 2018. According to statistics from the Ministry of Commerce, as of June this year, the mainland had approved a total of 109658 Taiwan-funded projects, with an actual use of Taiwan capital of US $68.7 billion. With the closer economic interaction between the two sides of the strait, it is inevitable to build a common market.

Xiao Wanchang, chairman of the Taiwan side of the summit, said that the current world economic situation is more complex than ever. "the theme of this year's summit has played an anchor role in the minds of Taiwan enterprises. The common market between the two sides of the strait is the goal of cross-strait enterprise cooperation. I hope we can work together to overcome challenges and shape a new vision."

"Building a common market between the two sides of the strait will not only realize the optimal allocation of resource elements and complementary advantages between the two sides of the strait, accelerate economic development and improve quality, but also effectively enhance the voice of the Chinese people in the global governance system. To enhance the regional and global competitiveness of the Chinese economy. " Fan Hengshan, honorary president of the China Regional Science Association, said.

The construction of "Belt and Road Initiative" is an important platform for mainland enterprises to "go out", and it has also been highly concerned by the Taiwan industry. At the sub-forum of the Promotion Group for Comprehensive Cooperation and Exchange at this summit, From Sihanouk Port Special Economic Zone Co., Ltd., Ethiopia Oriental Industrial Park Co., Ltd., China Merchants Group overseas, The responsible persons of Fujian Fujian Cambodia Industrial Co., Ltd., and other mainland enterprises shared their experiences in the construction of the park along the "Belt and Road Initiative" route. And warmly welcome Taiwan enterprises to invest.

Zhang Tieshi, chairman of Jingding Engineering Construction Co., Ltd., said that its parent company, Zhongding Group, has been involved in countries along the "Belt and Road Initiative" route since the 1980s, building large oil refining and chemical plants in many countries in the Middle East and Southeast Asia. Zhongding's experience in design, construction and management, combined with the mainland's construction technology and financial strength, can open up a broader space in the international market.

"We are all Chinese, with the same language and species, very convenient communication and a very short running-in period. The way is for people to come out, and the way is for people to come up with the way. With the joint efforts of enterprises on both sides of the strait, we will certainly be able to overcome difficulties and make new achievements in the construction of 'Belt and Road Initiative'. " Said Zhu Huilan, vice chairman of Taiwan China Engineering Co., Ltd.

The "26 measures" announced on the 4th supported Taiwan enterprises to participate in the construction of 5G on the mainland, opening up a new space for high-end information industry cooperation between the two sides of the strait. At the sub-forum of the Information and Communications Industry Cooperation Promotion Group, the participants discussed it very enthusiastically.

Zhao Haijun, co-chief executive of SMIC International Integrated Circuit Manufacturing Co., Ltd., delivered a speech on "working with" Core "to create the future." He said that by 2030, the scale of the global integrated circuit industry is expected to reach US $1 trillion, and the main body of the global integrated circuit manufacturing industry is on the mainland, and it is in line with the law of industrial development to use whole machine manufacturing to drive the upstream and downstream industrial chain. Taiwan has obvious advantages in integrated circuit technology, and it is only natural for enterprises on both sides of the strait to strengthen cooperation.

Li Shiqin, Taiwan convenor of the group, said that the mainland has selected five cities in Chongqing, Huaian, Yancheng, Xiamen and Fuzhou as pilot cities, and Taiwan enterprises very much hope to participate in the specific planning and construction of smart cities. On the 5G side, the two sides can send more experts to exchange views, jointly explore cooperation mechanisms, and promote the development of common standards.

The "26 measures" have released new positive information to Taiwan enterprises in the financial field, and people attending the meeting are very optimistic about cross-strait financial cooperation, saying that this will not only help mainland Taiwan businessmen solve the problem of "financing difficulties," but also benefit the mainland's real economy.

At the special forum of the Financial Industry Cooperation Promotion Group, Nanjing Zijin Group has set up a joint venture securities company with Taiwan Taixin Securities, Everbright Bank and Taiwan King's Bank have set up a consumer finance company. VIPSHOP and Fubon China a bank joint venture to set up a consumer finance company and other seven cooperation memorandum projects have been signed.

Fubon Hua, the first fully licensed Taiwanese bank in the mainland, recently signed a strategic cooperation agreement with the Bank of Shanghai, and the two banks signed a letter of intent for syndicated loan cooperation with Hefu (China) Medical Technology Co., Ltd. Ma Lixin, chairman of Fubon China, said that the bank and the Bank of Shanghai are highly complementary in terms of institutional network layout, resource advantages and business characteristics. It is believed that this cooperation can achieve mutual benefit and win-win results, and will also greatly enhance the ability of both sides to serve Taiwan businessmen and the mainland's real economy.

Qiu Zhengxiong, vice chairman of the Taiwan side of the summit, said at the closing ceremony that from deepening the implementation of the "31 measures" to promoting the "26 measures," establishing a platform for Taiwan businessmen to participate in the "Belt and Road Initiative" mechanism and exploring ways to build a cross-strait common market. Important achievements have been made in expanding cooperation in key industries.

"I hope that in the future, there will be no difference between mainland and Taiwan businessmen on both sides of the strait, and we will be integrated. Both sides of the strait belong to the Chinese nation, and the economies of the two sides of the strait belong to the economy of the Chinese nation, sharing the glory of the Chinese nation on the world economic. Lin Zikai, honorary president of the Youth Association of Taiwan businessmen in Dongguan City, said.





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