Closer cooperation for cross-Strait trade

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Source: CCTV.com | 04-20-2009 08:41

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Delegates at the Boao Forum from the Chinese mainland and Taiwan took the chance to discuss the economic crisis and how to improve financial cooperation.

Fredrick Chien, chief advisor of Taiwan's Cross-Straits  Common Market Foundation, speaks at the forum of "International Financial Crisis and Cross-Straits Financial Cooperation"  in Boao, south China's Hainan Province, April 19, 2009. A forum featuring "International Financial Crisis and  Cross-Straits Financial Cooperation" was held here on Sunday. (Xinhua/Zhao Yingquan)

They put forward proposals to fight the slowdown, saying they believe there is more room for cooperation across the Strait in financial administration, currency management and related institutions.

One delegate suggested that both sides should sign a currency exchange accord to stabilize trade deals. The financial crisis has severely damaged Taiwan's economy.

One delegate from Taiwan said it's good for people from both sides to meet face to face, to talk about how to further boost cooperation.