Friday, September 3, 2010

Chinese buyers spend record $7 billion in Taiwan

ECONOMY
Photo: Tuoi Tre

TAIPEI – A Chinese delegation wrapped up a week-long shopping spree to Taiwan Sunday after securing a record US$7 billion worth of deals for local products, according to media reports.

Contracts were agreed for Taiwanese products ranging from electronics and textiles to food and fruits, Huang Huahua, governor of Guangdong province and the head of the delegation, was quoted as saying by the state-funded Central News Agency.

It was the largest amount spent in one vist by Chinese buyers.

On his arrival at Taoyuan airport, Huang was greeted by a small group of protesters from the Falungong spiritual movement -- which is banned on the mainland -- who unveiled banners. No clashes were reported.

China still regards Taiwan part of its territory awaiting to be reunified by force if necessary, even though the island has ruled itself since 1949.

Yet ties between Taipei and Beijing have improved markedly since 2008 after Ma Ying-jeou of the Beijing-friendly Kuomintang came to power, pledging to beef up trade and allowing in more Chinese tourists.

In recent months, China has sent a number of purchasing missions to Taiwan as a high-profile way of helping the island's economy by boosting exports.

China had said its trade delegations to Taiwan last year spent 14 billion dollars, shielding the island from the full impact of the financial crisis.

 

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