Financial Industries of Taiwan and China Move Closer
The financial industries of both Taiwan and China move closer with negotiations on their agreement almost completed announced Chiang Pin-kung, chairman of the quasi-official Straits Exchange Foundation of Taiwan.
The Straits Exchange Foundation and the Association for Relations Across the Taiwan Strait of China have been authorised separately by their governments to handle exchanges in the absence of official contact between the two sides…read more.
Taiwan and China move closer financially
Is this an auspicious sign heralding the coming year of the Golden Tiger in 2010?
The China – Taiwan realtions have been improving by leaps and bounds since 2008 and holds much hope for the end of any hostilities that may have remained for decades. In fact, much of Taiwan’s investments have been in Chinese manufacturing and projects the past decade.
It only makes great sense for both economies to further cooperate financially. Each side have their own strengths and expertise. This must be good for the banking business on both sides too.
It will be interesting to see how this plays out – China still considers Taiwan, once called an “Asian Tiger” a breakaway province and Taiwan has claimed independence with the help from the US. But truth be told, they are really 2 Chinas coming back closer together.
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Financial Industries are really doing very well and this is very important for the improvement of a nation. Taiwan and china are neighbor but still they are not friend so i think these financial steps can be a great approach to remove the distances.
Financial Industries of Taiwan and China are working together to overcome the distance. Both the countries have their great economy and they are totally independent. So it was great to know about it. Keep sharing.