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Cross-strait trade down by 0.7% in 2016

2017-03-20
  • MAC Minister Chang

    MAC Minister Chang

    Minister Katharine Chang (CNA)

Trade between Taiwan and China decreased by 0.7% last year. That was the word from Mainland Affairs Council (MAC) Minister Katharine Chang in a report to the legislature on Monday.

 

Higher costs in China led to a 10% decrease in Taiwanese investment there in 2016. At the same time, Chinese investment in Taiwan increased 1.5%.

 

Chinese visitors to Taiwan in 2016 were down 16% from a year earlier at 3.47 million arrivals. As for Taiwanese visitors to China, the figures are only available for the first half of 2016. That number was 2.79 million, up by nearly 6% over the year before.

 

Due to preconditions set by China, the two sides have not been able to hold official trade talks. But the exchange of information through regular channels is ongoing.

 

Chang said she hopes that Taiwan and China can prioritize trade issues in order to help improve cross-strait ties and benefit people on both sides.