China Review News from Hong Kong:
Can you please provide us the trade statistics between the Chinese mainland and Taiwan in 2017? Can you also give us your prediction on the trade outlook between the Chinese mainland and Taiwan in 2018? Thanks.
Huang Songping:
According to the figures from China's General Administration of Customs, the bilateral trade volume between the mainland and Taiwan in 2017 reached 1.35 trillion yuan (US$207.7 billion), a year-on-year increase of 14 percent, accounting for 4.9 percent of the total foreign trade volume of the mainland in 2017. Taiwan is now the mainland's seventh largest trading partner. Last year, exports to Taiwan from the mainland were 297.9 billion yuan (US$45.83 billion), up 12.2 percent; imports from Taiwan to the mainland were 1.05 trillion yuan (US$161.53 billion), up 14.5 percent. The trade deficit reached 753.4 billion yuan (US$115.9 billion), up 15.4 percent.
Peaceful and stable cross-Strait relations are key to their trade development. We do hope that the cross-Strait trade will continue to grow. I believe that the cross-Strait trade will grow healthily in 2018 if we can remove negative influences and strengthen cooperation.
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