Mainland, Taiwan expect deeper economic co-op

With a series of activities focused on cross-Strait investment matchmaking, officials, experts and businessmen from the Chinese mainland and Taiwan have embraced a weeklong journey to explore deeper economic cooperation amid warming ties.

On Wednesday, more than 20 Taiwan land companies and institutions, led by the Taiwan Land Development Corporation, opened their exhibition booths at the 2nd China International Fair for Investment in Property (CIFIP) in the coastal city Xiamen, in southeastern Fujian Province.

"Land agents from the mainland are good at large-scale development, and those from Taiwan excel in details and customization," said the company's board chairman, Chiu Fu-sheng, hoping that land groups from both sides would have the chance to jointly develop large projects once a pact aimed to improve cross-Strait economic cooperation took effect.

Chiu revealed that his company plans to enter the mainland's real estate market in three to five years.

Chang Chin-oh, a land economics professor with the Taiwan-based "National Chengchi University", said capital from the mainland will also have "considerable" business opportunities in Taiwan as the mainland's real estate market cools down.

The property investment event, running from Wednesday to Saturday, coincides with the 14th China International Fair for Investment and Trade (CIFIT) in Xiamen.

According to the organizing committee, this year's CIFIT has 200 exhibition booths for Taiwan companies, compared with 128 at last year's event.


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Source: Xinhua