For Business, The Taiwan Strait Narrows

As tension subsides, the island reaches out to China

Peter Wu will be listening closely to Taiwan President Lee Teng-hui's inaugural address on May 20. Wu, president of Taipei-based China Synthetic Rubber Corp., hopes Lee will advocate direct investment and transportation links with China. Many of his customers have moved operations there, but without formal ties, he worries that an investment of his own might not be safe. "To sustain the economy, Taiwan has to find new areas of growth," says Wu. "China is a natural place."

To continue reading this article you must be a Bloomberg Professional Service Subscriber.