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China-Taiwan trade ties increase China-Taiwan trade ties increase
(about 1 hour 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 (£54.8bn) last year, Chinese government figures show.
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 boostTourism 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.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.