Home / China / HK Macao Taiwan

Cross-Straits trade up 27% in first 8 months

Xinhua | Updated: 2013-09-13 15:06

BEIJING - Trade between the Chinese mainland and Taiwan hit $133.21 billion in the first eight months this year, up 27.4 percent from the same period last year, a mainland spokesman said Friday.

During the eight months, the mainland's companies invested $1 billion in 175 projects on the island, according to Yang Yi, spokesman for the Taiwan Affairs Office of the State Council.

From January to July, the mainland approved 1,165 Taiwanese investment projects, with an actual use of investment of $1.42 billion, said Yang.

Yang said cross-Straits economic cooperation has remained sound, noting progress in the implementation of the Economic Cooperation Framework Agreement and following negotiations.

According to statistics from mainland customs authorities, during the first half this year, Taiwanese enterprises have been exempted a total tariff of $314 million, up 25.6 percent year on year.

The mainland's enterprises also saved $29.63 million due to preferential tariff policies, a 13.4 percent increase from the same period last year, said Yang.

The mainland approved the first subsidiary branch of a Taiwanese financial group in the mainland during the first eight months. It also approved the 11th Taiwanese bank branch in the mainland, and Taiwanese living in the mainland have been allowed to open A-share trading accounts since April 1 this year.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349