Shanghai: Xiamen International Port Co, operator of the biggest harbour in China's Fujian province, is celebrating after the central government approved a Taiwan-focused economic zone.
The State Council, China's cabinet, gave its in-principle approval to the creation of an economic zone on the western shore of the Taiwan Strait, according to a statement on Monday.
"Fujian province plays a central role in the economic zone as it is geographically close to Taiwan, has close kinship and cultural ties, and commercial relationships with the island," according to the statement.
The State Council's approval follows last week's decision by Taiwan to allow Chinese investment in the island for the first time since a civil war ended six decades ago. [06/05/09]
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
