Taiwan, China to Meet for Talks This Weekend

[Coventina]

Source: Washington Post

TAIPEI, Taiwan, April 23 -- In a stride toward economic integration, Taiwanese and Chinese negotiators will meet this weekend to conclude agreements paving the way for Taiwanese banks to operate on the mainland and for an expansion of direct flights between Taiwan and China.

The talks in Nanjing are expected to yield a legal cooperation accord that will enable the historic enemies to work together in fighting crime. There also will be discussions on lifting restrictions on Chinese investments in Taiwan's real estate, services and manufacturing sectors.

"It's a demonstration of continuous political goodwill and determination to strengthen economic ties," Andrew Yang, secretary general of the Chinese Council of Advanced Policy Studies, said in Taiwan.

The talks reflect Taiwanese President Ma Ying-jeou's policy of lowering tensions with Beijing by focusing on practical business issues. Taiwan also hopes the accords will stimulate its export-oriented economy, which has been ravaged by the global financial crisis.



Read more: http://www.washingtonpost.com/wp-dyn/content/article/2009/04/23/AR2009042302817.html?nav=rss_business

[rurallib]

1. And China has its navy on display this weekend per Rachel last night

what a coincidence