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China-Taiwan trade ties increase | China-Taiwan trade ties increase |
(40 minutes later) | |
Trade between China and Taiwan continues to grow significantly despite political tensions between the two. | Trade between China and Taiwan continues to grow significantly despite political tensions between the two. |
China's annual trade with Taiwan grew 18% to $107.8bn last year according to figures from the Chinese government. | China's annual trade with Taiwan grew 18% to $107.8bn last year according to figures from the Chinese government. |
China imported $87bn worth of goods from Taiwan, up 16.6% on the year before, while Taiwanese firms invested $2.14bn on the mainland. | China imported $87bn worth of goods from Taiwan, up 16.6% on the year before, while Taiwanese firms invested $2.14bn on the mainland. |
China sees Taiwan as part of its territory and discourages any diplomatic recognition for Taipei. | China sees Taiwan as part of its territory and discourages any diplomatic recognition for Taipei. |
Tourism boost | Tourism boost |
Despite restrictions on travel between the two countries, which requires most people to travel there via Hong Kong or another country, tourism has increased in recent years. | Despite restrictions on travel between the two countries, which requires most people to travel there via Hong Kong or another country, tourism has increased in recent years. |
According to a Chinese government spokesman, Taiwanese people made more than four million visits to China last year while more than 200,000 mainland Chinese visited Taiwan. | |
Taiwanese firms have invested more than $100bn in mainland China since the 1990s, with many manufacturers building factories there to take advantage of lower labour costs. | Taiwanese firms have invested more than $100bn in mainland China since the 1990s, with many manufacturers building factories there to take advantage of lower labour costs. |
China exported $20.7bn worth of goods to Taiwan last year, a 25% increase on the year before. | China exported $20.7bn worth of goods to Taiwan last year, a 25% increase on the year before. |
China has threatened to use force if the island ever moves to declare formal independence. | China has threatened to use force if the island ever moves to declare formal independence. |