Cross-Strait trade has grown substantially over the past decade

Through : LIANG Chen| Keywords : China Taiwan,trade | Updated on 27-01-2022

A spokeswoman for the Chinese mainland said on Wednesday that the upward trend in cross-Strait economic and trade cooperation and integrated development is irreversible, citing trade growth figures between the two sides. during the last ten years.

Zhu Fenglian, spokesperson for the Taiwan Affairs Office of the State Council, made the remarks in response to reporters’ questions about the upward trend of Taiwan’s exports to the mainland, as well as investment on the mainland by Taiwanese companies.

Given this irresistible momentum, the leadership of the Democratic Progressive Party (DPP) should remove barriers that hinder cross-Strait economic and trade cooperation and create a better climate for such exchanges, Zhu said.

According to official statistics, the trade volume between the mainland and Taiwan increased to more than $328.3 billion in 2021, more than double the figure in 2011. The mainland still remains the largest market in Taiwan. Taiwan’s exports and its source of trade surplus, Ms. Zhu revealed.

The total amount of business projects Taiwan invested on the mainland reached 123,781 by the end of 2021, with over $71.3 billion in actual investment. In stark contrast, the amount of investment in Taiwan by mainland companies stood at about $3.7 billion at the end of last year due to a series of new obstacles created by the authority. of the DPP, Ms. Zhu added.

However, the solid basis, necessity and dynamism of cross-Strait economic and trade cooperation, as well as the resulting welfare, can never be altered by these politically motivated obstacles or the impact of the pandemic, Zhu said.

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