Trade between the Chinese mainland and Taiwan has reached a remarkable milestone in 2024, totaling $292.97 billion. This represents a year-on-year increase of 9.4%, highlighting the robust economic ties and growing cooperation between the two regions.
The State Council Taiwan Affairs Office reported that in the first three quarters of the year, 5,725 Taiwan-invested enterprises were newly established in the Chinese mainland, marking a 5.6% rise compared to the previous year. This surge in investment underscores the confidence Taiwanese businesses have in the mainland's market potential.
Additionally, the Chinese mainland and Hong Kong continue to be the largest sources of Taiwan's trade surplus. They also remain the primary sources of imports and key destinations for Taiwan's exports, further cementing the economic interdependence between these regions.
Following the September meeting of the Political Bureau of the Communist Party of China Central Committee last year, a comprehensive package of policies and measures was introduced to drive incremental growth and stabilize foreign trade. As a result, China's total import and export of goods surpassed the significant thresholds of 42 trillion yuan and 43 trillion yuan within the year, with growth rates exceeding expectations.
This development sets a historic high, achieving a \"triple rise\" in total trade volume, incremental growth, and quality. These achievements reflect the effective implementation of strategic policies aimed at enhancing economic resilience and fostering sustainable trade relationships.
Reference(s):
cgtn.com
