Taiwan rejects China’s integrated development plan as politicised cash grab

Economy

Taiwan’s government on Thursday rejected a plan by China to boost economic integration as a cash grab to boost the country’s “deteriorating” business environment and futile bid to win Taiwanese hearts and minds to support the Communist Party.

China, which claims Taiwan as its own territory, on Tuesday unveiled steps to turn coastal Fujian province which sits opposite Taiwan into a zone for integrated development.

China will take a number of “special” policy measures to improve access for Taiwanese enterprises to Fujian province across the Taiwan Strait, the Chinese state planner said on Thursday.

 

Source: Investing.com

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