The National Development Council (NDC) yesterday said that it plans to negotiate with China’s financial regulator to allow Taiwanese companies in Kunshan, Jiangsu Province, to use Taiwan’s rising yuan deposits for future investments.
“We have a significant amount of yuan deposits in Taiwan, but currently the money is not yet fully utilized,” council Deputy Minister Kao Shien-quey (高仙桂) said at a forum in Taipei yesterday.
Kao said the issue was brought up by the Financial Supervisory Commission, and both the council and the commission agreed on the issue.
The council hopes to negotiate with officials in China about the proposal in the near future, Kao said.
The council is also considering talking with China about letting Chinese nationals browse Taiwanese e-commerce Web sites when they are in the proposed free economic pilot zones, which would help expand Taiwanese e-commerce companies’ business expansion in China, Kao said.
Meanwhile, she said the council would also propose that China shorten the period for the inspection of ornamental fish imported from Taiwan, or that it conduct inspections in the free economic pilot zones in Taiwan before the fish are exported.
Chinese regulations require ornamental fish from Taiwan to be held for 30 days for examination before they are allowed to enter the market, Kao said.
However, many have died during the quarantine, she said.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
Stephen Garrett, a 27-year-old graduate student, always thought he would study in China, but first the country’s restrictive COVID-19 policies made it nearly impossible and now he has other concerns. The cost is one deterrent, but Garrett is more worried about restrictions on academic freedom and the personal risk of being stranded in China. He is not alone. Only about 700 American students are studying at Chinese universities, down from a peak of nearly 25,000 a decade ago, while there are nearly 300,000 Chinese students at US schools. Some young Americans are discouraged from investing their time in China by what they see
MAJOR DROP: CEO Tim Cook, who is visiting Hanoi, pledged the firm was committed to Vietnam after its smartphone shipments declined 9.6% annually in the first quarter Apple Inc yesterday said it would increase spending on suppliers in Vietnam, a key production hub, as CEO Tim Cook arrived in the country for a two-day visit. The iPhone maker announced the news in a statement on its Web site, but gave no details of how much it would spend or where the money would go. Cook is expected to meet programmers, content creators and students during his visit, online newspaper VnExpress reported. The visit comes as US President Joe Biden’s administration seeks to ramp up Vietnam’s role in the global tech supply chain to reduce the US’ dependence on China. Images on
New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last