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Mainland to offer 19b USD to Taiwan firms
Published on: 2008-12-23
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The Chinese mainland announced on Sunday 10 measures of economic cooperation with Taiwan aimed at jointly coping with the global financial crisis, Xinhua reported. The measures include the support for the development of Taiwanese-funded companies in the mainland, promotion of two-way investment and so on, official said. The Industry and Commercial Bank of China and the Bank of China will each offer 50 billion CNY (7.3 billion USD) to Taiwanese-funded businesses, Xinhua said, adding that the China Development Bank will also offer 30 billion CNY.
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