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Mainland, Taiwan trade volume reaches US$91b
(Xinhua)
Updated: 2006-01-24 10:04
The trade volume between Chinese mainland and Taiwan reached 91.23 billion US
dollars last year as more and more Taiwan businesses, hi-tech ones in
particular, come to invest in the most populous market, said a mainland official
on Taiwan affairs here Monday.
He Shizhong, director of the economic bureau of the Taiwan Affairs Office
under the State Council, said that many Taiwan business conglomerates and listed
firms have invested in factories in regions such as eastern and southeastern
China and gradually moved to less developed central and west regions.
Taiwan hi-tech businesses have quickened their steps "especially in recent
years to the mainland market, a hotspot of Taiwan businessmen's investment in
the mainland."
According to statistics released by the Ministry of Commerce, 3,907
Taiwan-invested projects were approved in the mainland last year with a
contractual value of 10.36 billion dollars and 2.15 billion dollars actually
used.
The mainland export to Taiwan stood at 16.55 billion dollars and import 74.68
billion dollars at a trade deficit of 58.13 billion dollars last year.
The Chinese mainland is Taiwan's No. 1 export market and largest trade
surplus source, while Taiwan is mainland's second largest import market.
By the end of last year, 68,095 Taiwan-invested projects were ratified by the
mainland with a contractual value of 89.695 billion dollars and 41.76 billion
dollars used.
The cross-Straits indirect trade volume hit 495.805 billion dollars
accumulatively as the mainland export to Taiwan reached 81.728 billion dollars
and import 414.077 billion dollars.
Taiwan enjoyed a total trade surplus with the mainland of 332.349 billion
dollars.
Taiwan businesses have been seeking investment opportunities along with the
mainland's economic reform and open-up process initiated in the late 1970s, from
labor-intensive processing trade in the 1980s to heavy and chemical industries
in the 1990s and information manufacturing sector to financial and aviation
industries since 2000.
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