China’s new “Silk Road” project, which connects it to Europe and the Middle East, is continuing to garner the interest of Taiwanese businesses.
At an event held in Taipei by the Straits Exchange Foundation (SEF) for Taiwanese businesspeople stationed in China, the ambitious sea-and-land-based economic corridor remained a major focus.
Speaking at the gathering on Monday, SEF Chairman Lin Join-sane said the corridor covers 63% of the global population with a GDP expected to reach US$21 trillion.
Lin told participants that his Chinese counterpart Chen Deming is planning to invite Taiwanese businesspeople to visit the corridor in person. Lin said that Chen’s Association for Relations Across the Taiwan Strait (ARATS) will also hold two seminars to attract investment from Taiwanese businesses.
Meanwhile, Economics Minister John Deng called on Taiwanese businessmen to instead invest in Taiwan, upgrade technology and come up with a road map for expanding into the global market. Deng said that operating costs in China have gradually increased due to rising wages and stricter environmental rules.