Chinese help to steady Taiwan’s financial system

Tie-up: Delegates at the 4th Cross-Straits Economic, Trade and Cultural Forum in Shanghai on Saturday.   | Photo Credit: — Photo: Xinhua

SHANGHAI: The 4th Cross-Straits Economic, Trade and Cultural Forum between China and Taiwan began on Saturday.

Jia Qinglin, member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, and Kuomintang (KMT) chairman Wu Poh-hsiung and honorary chairman Lien Chan attended. Mr. Jia said topics include expanding cross-Straits cooperation in the finance and service sectors, encouraging two-way investment and regularising economic exchanges, which cover the key points of deepening cross-Straits economic exchange and cooperation. He said the two sides should discuss a cross-Straits economic cooperation mechanism as soon as possible. The mechanism should follow the principle of mutual benefit and mutual prosperity, he added.

“We have paid great attention to the proposal raised by the Taiwan side to discuss and sign an agreement on cross-Straits comprehensive economic cooperation, and we will take serious account of it,” he said.

Mr. Jia called for the two sides to quicken the pace of normalisation of the cross-Straits economic relation. China is willing to help Taiwan in face of the current global financial crisis, he said. — Xinhua