Cross-Strait Trade Reaches New Heights Amid Economic Growth
Trade between the Chinese mainland and Taiwan has reached an unprecedented level, heralding a new pattern in cross-strait economic and trade development. According to statistics released by China’s General Administration of Customs on Monday, the total trade between the Chinese mainland and Taiwan reached $292.97 billion in 2024, marking a year-on-year increase of 9.4 percent.
The State Council Taiwan Affairs Office reported that in the first three quarters, 5,725 Taiwan-invested enterprises were newly established in the Chinese mainland, reflecting a year-on-year growth of 5.6 percent. This surge indicates a strengthening economic bond, with the Chinese mainland and Hong Kong remaining the largest source of Taiwan’s trade surplus, as well as its primary source of imports and destination for exports.
This upward trend follows the meeting of the Political Bureau of the Communist Party of China Central Committee in September last year, where a comprehensive package of policies and measures was outlined to drive incremental growth and stabilize foreign trade. The impact of these policies has been significant, with the total value of China’s import and export of goods surpassing two major thresholds of 42 trillion yuan and 43 trillion yuan, exceeding growth expectations.
The remarkable development has set a historic high, achieving a “triple rise” in total volume, incremental growth, and quality. This growth not only reflects the resilience and dynamism of China’s economy but also underscores the deepening economic integration between the Chinese mainland and Taiwan region.
The new pattern in cross-strait economic and trade development signifies opportunities for businesses and investors on both sides. With policies focusing on facilitating trade and investment, enterprises are poised to benefit from the expanding market and collaborative prospects.
Reference(s):
cgtn.com
