Western Taiwan Straits Economic Zone - History

History

The ideas of the economic zone has been around since 2001, when Fujian province was undergoing strong economic growth and the Fujian provincial government thought it needed to be competitive with other economic zones such as the Pearl River Delta and the Yangtze River Delta economic zones. The proposal was also supported by the central government in order to facilitate political and economic relationships across the Taiwan Straits.

The economic zone will help Fujian catch up to Taiwan's economic development. The economic zone would "promote the better use of resources of the economic belt in East China and enhance its overall economic strength," Wang Xiaojing, the then executive vice-governor of Fujian in 2005.

In 2008, Mainland China through its Association for Relations Across the Taiwan Straits and Taiwan via Straits Exchange Foundation agreed on an Economic Pact which opened direct transport links for the first time since the end of the Chinese civil war. This allowed regular commercial flights, direct shipping between Taiwan and Chinese mainland ports and postal services.

Read more about this topic:  Western Taiwan Straits Economic Zone

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