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China trying to smooth the way for Taiwanese investors to get loans

China trying to smooth the way for Taiwanese investors to get loans

Shanghai, March 24 (CNA) The Taiwan Affairs Office (???) of China's State Council said Tuesday it is taking steps to help Taiwanese investors in China find ways of securing loans for development projects. Yu Hong, deputy director of the Taiwan Affairs Office's economic division, said her office is planning to hold seminars on fund raising in more than 10 Chinese cities this year as part of its efforts to help Taiwanese investors in China access funds. The Taiwan Affairs Office will find effective ways of solving the financial problems faced by Taiwanese investors in China, Yu said at a conference held by the Association of Taiwan Investment Enterprises on the Mainland (?????????????) in Shanghai. Ho Shih-chung, secretary general of the association, said the China government has been looking closely at ease of access for Taiwanese small- and medium-sized enterprises seeking to obtain credit in China, as this is part of the effort to boost economic exchanges across the Taiwan Strait. There has long been criticism that Taiwan investors tend to encounter relatively tough restrictions in China in areas such as bank credit, taxation, environmental protection and government purchase deals. Yu said that China has been encouraging Taiwan-based financial institutions operating in China to work with Taiwanese investors to resolve any finance difficulties. Despite the slowing growth of China's economy, the second largest in the world, Taiwanese investors remain competitive in the China market, she said, noting that many Taiwanese entrepreneurs have accumulated solid international business experiences and operate broad supply chains. Yu also praised Taiwanese firms in China for their innovation and competitiveness. China has forecast that its gross domestic product will grow 7 percent in 2015, compared with a 7.5 percent rise last year. (By Eva Feng and Frances Huang)


Updated : 2021-05-13 02:13 GMT+08:00