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Cross-Straits Financial Cooperation Mutual Benefits amid Global Downturn

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Trial base

Political advisors at the on-going session have proposed to build a "cross-Straits economic zone" covering Taiwan and the coastal of Fujian Province, which sees Taiwan across the Straits. They said the economic zone could serve as a "trial base" for the establishment of "economic cooperation mechanisms tailored to both sides of the Straits".

"We just want to explore an economic cooperation mechanism that complies with the reality and meets the demand of both sides, and this is why we propose to set up the 'trial base'," said Zhang Huajun, one of the political advisors who made the joint proposal.

Zhang and his colleagues suggested experiment on industrial policy coordination be allowed in the 'trial base'.

He called for more efforts to launch major projects in the zone and apply more eased and flexible policies for economic integration across the Straits to pave way for further cooperation.

(Xinhua News Agency March 9, 2009)

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