Asia

Taiwan rejects China’s integrated development plan as politicised cash grab

China is suffering from economic problems, systemic risks in its financial system and a “deteriorating business environment”, the council added.

“This is obviously an attempt to attract Taiwanese funds and talents to mainland China to boost its internal economy.”

China has long offered Taiwan a choice between two pathways – peace and prosperity or war and decline.

China’s air force entered Taiwan’s air defence zone again on Thursday in what the democratically governed island says constitutes regular harassment.

Taiwan’s democratically elected government says only the island’s people can decide their future.

China supports the idea of allowing Kinmen, located adjacent to Xiamen despite being controlled by Taiwan, access to Xiamen’s new airport, Cong said at a news conference.

He added that Beijing also supports new energy cooperation between Taiwan, which it regards as a Chinese province, and Ningde, a Fujian city north of Xiamen.

Cong, speaking at a news conference in Beijing, said opening up of an experimental development zone in Pingtan, China’s closest point to the main Taiwan island, will be expedited.

China also aims to build a cross-strait high-speed railway “at an early date”, he said, plans which Beijing has previously announced and Taipei has also previously rejected.

Shares of some Fujian companies gained on Thursday, against a relatively flat broader market. Strait Innovation Internet Co and Zhongfu Straits Pingtan Development Co, both based in Pingtan, closed up more than 2 per cent.

Source: CNA

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