China-Taiwan rapprochement has economic focus

Chinese communist officials and a leader of Taiwan’s Nationalist Party have held the highest-level meeting between their parties since civil war split the two sides in 1949. They called for expanded economic ties.

Chinese communist officials and a leader of Taiwan’s Nationalist Party have held the highest-level meeting between their parties since civil war split the two sides in 1949. They called for expanded economic ties.

Chiang Pin-kung, vice chairman of the Nationalists, who once ruled China and now are Taiwan’s main opposition party, is visiting the mainland this week on a history-making trip that underscores a warming in relations with their former communist enemies.

Chiang met officials of the Communist Party’s Taiwan Office yesterday. The two sides said they agreed on 10 proposals to expand trade, travel and commercial ties, but the agreements were more symbolic than practical, because the Nationalists lack the power to make Taiwan’s policy toward China.

Mainland officials expressed hope that “Taiwan authorities would cancel all limitations on economic cooperation”, said He Shiguang, a Chinese spokesman.

“Economic and trade cooperation is a major element for cross-Strait peace and stability,” he said.

Tensions have surged over China’s new law authorising an attack if Taiwan, which Beijing claims as its territory, tries to make its de facto independence permanent. The two sides have no official relations, though trade and travel between them are soaring.

Chinese officials and Chiang’s delegation have played down differences during his five-day visit, which began on Monday.

The Nationalists say it is the first trip by a party leader to the mainland since 1949.

The Nationalists and communists share a desire to eventually unite Taiwan with the mainland and a dislike for Taiwanese President Chen Shui-bian. Beijing accuses him of pursuing independence, while the Nationalists say he is provoking the mainland.

A spokesman for Chiang’s delegation, Chang Jung-kung, said the visit was meant to “build a bridge” to the mainland, and that it would be up to Taiwan’s government to take the next steps.

more courts articles

Laurence Fox ordered to pay €210,000 in libel damages Laurence Fox ordered to pay €210,000 in libel damages
Former DUP leader Jeffrey Donaldson arrives at court to face sex charges Former DUP leader Jeffrey Donaldson arrives at court to face sex charges
Case against Jeffrey Donaldson to be heard in court Case against Jeffrey Donaldson to be heard in court

More in this section

The European Central Bank skyscraper in the city of  Frankfurt Main, Germany ECB firmly behind June rate cut but views diverge on July
Tesla cancels its long-promised inexpensive car Tesla cancels its long-promised inexpensive car
Net zero Profits plummet at battery-maker LG Energy amid EV slowdown
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited