It's surprising to see a Chinese company investing in Taiwan and even more surprising to see Beijing agree to Taiwan's participation in a World Health Organization meeting.
The two countries haven't been friends since 1949 and in the 1970s mainland China bumped Taiwan out of the U.N.
The new investment is China Mobile, a Chinese government-owned wireless carrier. They have invested heavily in Taiwan's third-biggest phone company.
According to the WSJ, the two countries also signed a series of agreements "easing limits on investment between them and establishing the first regular two-way air and shipping traffic in six decades."
http://www.marketwatch.com/news/story/taiwan-stocks-surge-further-china/story.aspx?guid={372BD0A2-525E-4DF8-8EFD-2059578DD722}&dist=msr_1
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment