this post was submitted on 14 Sep 2023
46 points (96.0% liked)

World News

32387 readers
477 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
 

BEIJING, Sept 13 (Reuters) - China announced details of its plan to turn coastal Fujian province into a zone for integrated development with Taiwan, touting benefits from increased cross-strait cooperation including financial market initiatives.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 1 year ago

This is the best summary I could come up with:


BEIJING, Sept 13 (Reuters) - China announced details of its plan to turn coastal Fujian province into a zone for integrated development with Taiwan, touting benefits from increased cross-strait cooperation including financial market initiatives.

At the same time, Beijing envisions "reunification" at some point and persists in crafting long-term economic and social plans for Taiwan, promising gains from increased trade and investment.

The statement said Beijing would support innovative ways of cross-strait capital cooperation and encourage the setting up of an integration development fund, without further details.

While seeking to enhance access for Taiwanese investors, China will also create a more "relaxed" environment for cross-strait travel, according to the statement.

Strait Innovation Internet Co (300300.SZ), a state-controlled firm in Pingtan, China's closest point to Taiwan island, saw its shares soar 20%, the daily upper limit.

Details of the Taiwan-Fujian development plan were announced just months before Taiwan goes to the polls in January to elect a new president for the next four years.


The original article contains 347 words, the summary contains 163 words. Saved 53%. I'm a bot and I'm open source!