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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: China promises economic assistance to Taiwan AP - 2 hours 6 minutes ago BEIJING - China said Saturday it is willing to help Taiwan boost its economy if it requires assistance to weather the world economic slowdown. The statement at a meeting between the two sides in Shanghai comes amid new indications of warmth between the former rivals. Early this week they initiated daily air and direct maritime links after a break of nearly 60 years. "If the worsening world economic situation continues and the Taiwan side asks for help to solve economic difficulties, the mainland is willing to offer assistance with utmost efforts," said Jia Qinglin, the fourth-most-powerful person in the Communist Party of China, according to the official Xinhua News Agency. Jia didn't specify what kind of assistance or how much would be offered. Stimulus measures by China to boost its economy will provide trade and investment opportunities for Taiwan businessmen, he said. Taiwan and China split amid civil war in 1949. China continues to claim Taiwan as part of its territory and has threatened to attack if the island moves to formalize its de facto independence. The two-day forum between the two sides to discuss cooperation in financial and service industries and two-way investment opened in Shanghai on Saturday. The chairman of Taiwan's ruling Nationalist Party, Wu Poh-hsiung, and honorary chairman Lien Chan attended, as well as 400 delegates including businessmen, experts and officials from the two sides, Xinhua said. Tensions between the rivals has abated significantly since the inauguration of Taiwanese President Ma Ying-jeou in May. In contrast to his pro-independence predecessor, Ma wants to tighten economic relations with China as a way of boosting Taiwan's economy. Wu said the two sides should work out a practical mechanism to cope with the financial crisis, work together on infrastructure projects, and encourage more mainland tourists to Taiwan, Xinhua said. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific Philippines hold mock suicide bomb drill to prepare for attacksAFP - 29 minutes ago Bangladesh deploys 50,000 troops ahead of polls: officialsAFP - 41 minutes ago N Korean defectors send more leaflets to N KoreaAFP - 1 hour 1 minute ago Sri Lanka navy destroys rebel arms ship: militaryAFP - 1 hour 11 minutes ago Macau bars HK lawmakers from enteringAP - 1 hour 34 minutes ago Most Popular – Asia Pacific Viewed Global economy seen sinking into 'severe' 2009 recession: report Actress Jennifer Aniston appears naked in GQ magazine Oil prices mixed; New York contract expires below 34 dollars Ageing L'Oreal heiress defends billion-dollar giveaway Deep Throat, Watergate's secret informant, dies at 95 View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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