CHINA Taiwan enterprises welcomed on mainland to improve technological innovation: official

CHINA

Taiwan enterprises welcomed on mainland to improve technological innovation: official

Xinhua

20:28, December 11, 2019

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(File photo: social media)

BEIJING, Dec. 11 (Xinhua) -- A Chinese mainland official has said that the mainland welcomes Taiwan enterprises to seize the opportunities in the mainland market to improve their capabilities in technological innovation and market competitiveness.

"We treat Taiwan enterprises equally in mainland projects including the development of key facilities and the construction of technical centers for enterprises," said Zheng Chiping, deputy head of the foreign investment department of the National Development and Reform Commission (NDRC), at a press conference of the State Council Taiwan Affairs Office Wednesday.

To facilitate the high-quality development of the manufacturing industry on the mainland, a series of policies and measures have been put in place to support all sorts of market players in capitalizing on their advantages, he said.

So far, the NDRC, the Ministry of Industry and Information Technology and other authorities have validated 25 batches of national enterprise technology centers and 110 state-level industrial design centers, with more efforts on key technology facilities, industrial innovation and engineering research projects underway, according to Zheng.

Some Taiwan enterprises are already a step ahead by participating in such projects, enjoying favorable policies such as those that grant them full value-added tax refunds, he said.

"We welcome more Taiwan enterprises to get in touch with local authorities and lead or participate in mainland projects, so as to fully seize the development opportunities in the vast mainland market," Zheng said.

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