China Unveils Sweeping Plan to Attract Investments From Taiwan
- Beijing opens highly restricted industries to Taiwan companies
- Economy integration a process of reunification, professor says
This article is for subscribers only.
China removed or relaxed wide-ranging restrictions on Taiwanese companies in a sweeping move to boost investment from an island that Beijing views as a breakaway province.
A total of 29 government agencies unveiled a plan outlining 31 measures to welcome Taiwanese investment in some of the nation’s most restricted industries, including energy, infrastructure, finance and entertainment, according to a statement on the website of China’s Taiwan Affairs Office. The moves, effective Wednesday, enable Taiwan’s companies to enjoy the same investment policies and tax benefits as counterparts on the mainland, it said.