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International Forum strengthens Cross-straits Relations
Cross-straits relations have been strengthened as Guangzhou promoted the Fortune Global Forum in Taipei, Taiwan on May 15.

Updated:1495010972Source:eguangzhou.gov.cn

Cross-straits relations have been strengthened as Guangzhou promoted the Fortune Global Forum in Taipei, Taiwan on May 15.

More than 180 officials and business people from Guangzhou and their Taiwan counterparts attended the event and shared their views on having open perspectives and an innovative approach.

It's the seventh roadshow launched by host city Guangzhou, the Guangdong province capital, to invite global CEOs of the world's most important multinational companies and world leaders.

"Guangzhou has long established trading ties with Taiwan," said Guangzhou vice-mayor Cai Chaolin. "With more than three decades of development, bilateral cooperation has been demonstrating a rapid and steady growth. Companies including Shinkong Group, Quanta Computer and Bank of Taiwan have opened operations and settled in the city."

So far, a total of 288 Fortune Global 500 companies have invested in Guangzhou. About 120 of them have established their headquarters or regional headquarters in the southern Chinese city.

Cai said Guangzhou is open to opportunities and the forum will be a platform for Taiwan investors to explore them.

In the past six years, Guangzhou has been listed as the "Best Commercial City in Chinese Mainland" by Forbes magazine five times.

President Xi Jinping also mentioned Guangzhou in his keynote speech at the Leaders Roundtable of the Belt and Road Forum for International Cooperation on May 15 in Beijing.

Cai said that the city has been strengthening its connection with the world, establishing links with more than 400 ports in over 100 countries and regions.

In 2016, Guangzhou Baiyun airport accommodated nearly 60 million passengers and the number is expected to reach 80 million by 2020, wedging itself into one of the world's 10 largest airports.

Guangzhou also offers a platform for global innovators and entrepreneurs with its 8-million-square-meter incubator for tech companies and more than 120,000 startups, said Cai.

Statistics reveal that more than 3,100 Taiwan-based enterprises invest in Guangzhou, investment totaling up to .36 billion, with some 20,000 Taiwan people living in the city as of March this year.

In the first quarter, Guangzhou-Taiwan trade reached US0 million, up 14.97 percent compared with the same period last year.
Recalling the fond memory of his first visit to Guangzhou on March 28, 2005, Chiang Pin-kung, former president of the Taiwan-based Straits Exchange Foundation, said he was deeply impressed by the passion of Guangzhou residents.

"Guangzhou and other cities in Guangdong province are top choices for Taiwan business people to settle down in the Chinese mainland," Chiang said. "They have largely been supported by the Guangzhou government and benefited from Guangzhou's robust growth."

The promotion event held in Taipei will surely boost the cross-straits cooperation," said Chiang. "Taiwan-based companies will play an active role in fields of biotechnology and heath industries, which are outlined in the 13th Five-Year Plan (2016-20)."

Clay Chandler, international executive editor of Time magazine, said Guangzhou's potential had been underestimated in the past, citing Ehang's manned aerial vehicle being ready for commercial operation while Google is still working on its own.

Editor:Joanna You
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