The China Post news staff
TAIPEI, Taiwan — There are 12 prioritized public construction projects to regenerate Taiwan’s economic miracle. The total estimated investment within eight years is of US$128 billion, including US$85 billion by government and US$43 billion by private sectors. This will create new job opportunities for 120,000 people each year. These 12 projects can be categorized in four different sectors: ❁ Transportation Network, with projects such as “A Fast and Convenient Islandwide Transportation Network,” “Kaohsiung Port City Regeneration,” and “Taoyuan International Air City”; ❁ Industrial Development, with projects such as “Central Region New High-Tech Industrial Cluster Program,” “Intelligent Taiwan,” and “Industrial Innovation Corridors”; ❁ Urban and Rural Development, including “Urban and Industrial Park Regeneration” and “Farm and Village Regeneration” projects, and ❁ Environmental Protection, including “Coastal Regeneration,” “Green Forestation,” “Floor Prevention and Water Management,” and “Sewer Construction.” Cross-strait deregulation
The cross-strait tension started to ease from the beginning of the 2nd quarter this year. A number of policies have been improved and implemented, such as direct charter flights on weekends between Taiwan and China, more Chinese tourists traveling to Taiwan, financial cooperation and joint ventures as well as fewer restrictions on two-way capital flows. Since China has been gradually transforming itself from a “world factory” to a “world market,” and with the deregulation or amendment of Taiwan’s trade and investment laws, as well as numerous Taiwanese companies moving their production to China, it is necessary for Taiwanese enterprises to continue developing more efficient and effective market strategies that can generate mutual benefits as well as create a win-win solution for all parties involved. The Taiwan government is planning on “a cooperative platform for cross-strait industries,” which is believed to help integrate cross-strait industries through R&D, at the same time complementing both production and distribution systems. The future and prosperity for both sides of the strait will be based on the immense market in China and with the R&D and operations center in Taiwan.