China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (2187)	12/21/2003 6:28:17 PM
From: RealMuLan	Read Replies (1) of 6370

SMH > Home > Breaking News > Article China-Taiwan trade to hit $A67b December 22, 2003 - 8:05AM Print this article Email to a friend China says its trade with Taiwan should surpass $US50 billion ($A67.55 billion) this year - up 25 per cent from last year despite political tensions and the SARS outbreak. China-Taiwan trade has surged over the past decade despite a lack of diplomatic ties. Taiwanese companies have invested more than $US100 billion ($A135.1 billion) in the mainland, trying to capture a share of its bigger market and take advantage of lower labour costs for manufacturing. Two-way trade reached nearly $US47 billion ($A63.5 billion) in the first 10 months of this year, up 29.4 per cent from the same period last year, the official Xinhua News Agency said. China and Taiwan split in 1949 amid civil war, and Taiwan banned commercial ties with the mainland until a decade ago. The island still bans most direct travel and shipping for fear of domination by its giant neighbour, which has threatened to invade. Most trade between the two sides goes through Hong Kong, Macau or other third points. China imported Taiwanese goods worth nearly $US49 billion ($A66.2 billion) in the first 10 months of the year, while sending exports totalling just over $US7 billion ($A9.46 billion) the other way, according to Xinhua. smh.com.au

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