Beijing offers help to Taiwanese firms
22-12-2008
Beijing says it will allocate US$19 billion in financing for Taiwanese companies on the mainland over the next two or three years. The move is part of efforts to combat the global economic crisis. The plans were unveiled in Shanghai at the end of a two-day forum between the Communist Party and Taiwan's Nationalists. Wang Yi, director of the Communist Party's Taiwan Work Office, announced 10 policies and measures toward that goal, according to the Central Government's Web site. The policies include the $19 billion in financing, which will be provided by three of China's top banks: Industrial and Commercial Bank of China, Bank of China and China Development Bank.
