Companies from the Chinese mainland manufacturing hub of Guangdong have signed deals worth 2.99 billion U.S. dollars with Taiwan counterparts. It coincided with the beginning of the Taiwan-Guangdong week-long trade event.
The deals involve Guangdong companies buying electronic products, raw industrial materials and farm produce from Taiwan. They're also investing in projects on the island relating to battery and electronic devices. The province will purchase Taiwan products worth 6.66 billion U.S. dollars and invest more than 40 million U.S. dollars in Taiwan.
At the end of 2009, Taiwan business people had set up more than 23 thousand companies in Guangdong, with a total investment of nearly 47 billion U.S. dollars.
As one of the 27 sub teams at the trade event, Shenzhen representatives held talks with Taiwan businesses regarding further cooperation. Sources say Shenzhen will very likely purchase 3.1 billion US dollars in Taiwan goods during this trip.