China outlines plan to make Fujian a zone for cross-strait development with Taiwan
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BEIJING – China disclosed on Tuesday more details of its plan to make south-eastern Fujian province a zone for integrated development with Taiwan, including financial market initiatives.
Beijing said in 2020 that it supports Fujian in exploring a new path for integrated development with Taiwan.
On Tuesday, state news agency Xinhua reported that Beijing will encourage Taiwanese companies in the province to list on Chinese stock exchanges, citing a statement jointly issued by the Communist Party of China’s Central Committee and the State Council.
It also said Beijing will support innovative ways of cross-strait capital cooperation and encourage the set-up of an integration development fund, but did not give further details.
China has in recent years increased its military presence near the democratically governed Taiwan, which China regards as a renegade province, with Beijing saying it aims to prevent Taiwan independence. Taiwan strongly rejects China’s sovereignty claims.
At the same time, China has not stopped crafting long-term economic and social plans for Taiwan, which it envisions would one day be “reunified” with China, even if by force. REUTERS
