China's TV makers plan Taiwan shopping spree: report

May 23, 2010

A delegation of Chinese television makers is heading to Taiwan to buy five billion US dollars' worth of components, part of Beijing's efforts to boost the island's economy, a report said Sunday.

The delegation will include representatives from television manufacturers Haier, TCL Corp, Changhong Corp and Konka, the Economic Daily News reported, without identifying its source.

The buying mission will be one of several sent to by China to help boost the island's exports, and Taiwanese trade officials say at least one or two such missions visit the island every month.

Last year a similar delegation bought more than three billion US dollars' worth of flat screens and other components, at least 800 million more than the target set ahead of their arrival, the Economic Daily News reported.

regards Taiwan as part of its territory awaiting reunification, by force if necessary, although the island has been self-governed since the end of their civil war in 1949.

But ties have warmed since the China-friendly Ma Ying-jeou administration took office in 2008, with the two sides signing agreements that have led to regular direct flights, increased investment opportunities and a tourist boom.

Taiwan's export orders from the Chinese mainland and Hong Kong combined hit a record high of 9.82 billion US dollars in April, a significant rise of 40.7 percent year-on-year, the economic ministry said last week.

Explore further: Ticketfly buying WillCall for on-premise data

add to favorites email to friend print save as pdf

Related Stories

Taiwan invited to light up Chinese cities

Jun 11, 2009

(AP) -- Chinese officials have invited Taiwanese companies to supply selected mainland cities with ultra-bright, energy-saving LED lights, the latest in a series of big business deals between the rivals.

Taiwan's TMC to team up with Elpida of Japan

Apr 01, 2009

Taiwan Memory Company (TMC), a new government-backed firm set up to consolidate the island's memory-chip industry, said Wednesday it will form a partnership with Japan's Elpida Memory Inc.

Recommended for you

Ticketfly buying WillCall for on-premise data

21 hours ago

Ticketfly Inc., a San Francisco-based technology company among several posing a challenge to Ticketmaster, is acquiring WillCall Inc., a crosstown rival that turns your smartphone into a mobile wallet at live events.

HP revenue inches up after years of decline

Aug 20, 2014

Hewlett-Packard on Wednesday reported that its quarterly revenue rose for the first time in three years, nudged by improved computer sales everywhere except Russia and China.

Restaurants experimenting with pay-in-advance tickets

Aug 20, 2014

With restaurant patrons increasingly jumping on the Internet to make reservations, some high-end eateries here and across the country are adding a new tech wrinkle: having their clientele pay for their meal in advance using ...

Chip maker Infineon to buy California firm for $3B (Update)

Aug 20, 2014

German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based semiconductor firm International Rectifier, which produces power-management components used in everything from cars ...

User comments : 0