Fujian, Taiwan can build ties 'on complementarity'

The economies of Fujian province and Taiwan are complementary, and gains from increasing trade across the Taiwan Straits can benefit both sides amid the ongoing global economic downturn, Nobel Prize-winning Canadian economist Robert Mundell said at a forum in Fuzhou, capital of East China's Fujian province, on Friday.

Taiwan's technology and foreign investment is a great plus for the development of Fujian, which has a larger supply of cheap labor that attracts investment from the island, Mundell said.

He also compared the development of the coastal province, which views Taiwan to the east across the sea, to the success story of economic cooperation between Guangdong province and Hong Kong.