Statistics from the General Administration of Customs show that Taiwan's import-export volume with the Chinese mainland from January to October totaled $271 billion, up 2.4 percent from the previous year, hitting a record high.

The great resilience of the mainland's economy, its unchanged long-term fundamentals, and huge potential have made it an important engine for the world economy, and injected impetus into cross-Straits trade.

Since 2018, the mainland has introduced a raft of measures to promote cross-Straits economic and trade exchanges, and help Taiwan people set up private businesses on the mainland. The mainland has also supported Taiwan compatriots' and enterprises' participation in the Belt and Road Initiative and various kinds of development strategies.

Great efforts have been made to support enterprises on both sides to strengthen cooperation in capital, technology, management, standards, brands and channels. Thousands of Taiwan enterprises in Jiangsu, Zhejiang and Fujian provinces have gained various tax incentives from local governments, and hundreds have received special funding support for industrial transformation and upgrading, green and smart manufacturing.

The mainland has a population of over 1.4 billion, a middle-income group of over 400 million, 160 million market players and a comparatively complete industrial system. The potential of the mainland's vast domestic demand has been continuously unleashed. This will help Taiwan's economy, industries and enterprises to integrate into and participate in the new development pattern of the mainland economy, and promote cross-Straits trade.

The facts show that neither the artificial restrictions imposed by Taiwan's authorities nor the epidemic and other contingencies can shake the solid foundation of cross-Straits economic and trade cooperation.

ECONOMIC DAILY