Taiwan welcomes procurement by private Chinese groups on the domestic market, as it should help boost the normalization of cross-strait ties, Mainland Affairs Council (MAC) Vice Chairman Chao Chien-min (趙建民) said.
He made the remarks earlier this week following reports that China’s vice minister of commerce is scheduled to lead a procurement mission of more than 1,000 people to Taiwan late next month.
“The government welcomes private Chinese businesses to conduct activities of this kind in Taiwan, as they are expected to create business worth hundreds of billions of dollars and help normalize relations between the two sides,” Chao said.
Asked whether the government was ready to allow Chinese investors to buy residential property in Taiwan, Chao said: “Chinese investment is not yet permitted in this category.”
However, Chao said that a recent amendment would permit eligible Chinese institutional investors to purchase factories, offices and workers’ dormitories in Taiwan.
Taiwan signed three accords and one joint statement with China on April 26 in Nanjing to further boost bilateral exchanges and cooperation.
The joint statement deals with opening Taiwan to Chinese investment.
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