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April 12, 2012

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Pushing cross-Strait settlement

THE Chinese mainland is actively pushing forward the establishment of a cross-Strait monetary settlement mechanism and hopes there will be some achievements soon.

The mainland supported Xiamen in Fujian Province that is located opposite Taiwan across the Strait, as a "first mover" to set up a regional financial service center dedicated to cross-Strait business, Fan Liqing, a spokeswoman for the State Council Taiwan Affairs Office, said at a press conference yesterday.

"It is conducive to cross-Strait financial, economic and trade cooperation and exchanges," she said.

In response to questions on whether purchasing contracts signed by a mainland delegation to the island have been fulfilled, Fan said that organizing opportunities for mainland business people to visit Taiwan to buy goods there is "our goodwill shown to Taiwan compatriots."

These purchases are "earnest and practical" and are fulfilled promptly according to contracts, she said.

Cross-Strait economic exchanges have grown strongly this year, with many mainland economic delegations on investment, trade and industrial cooperation visiting the island, Fan said.

The mainland encourages enterprises from both sides to deepen cooperation and expand the scope of trade and investment.





 

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