The "Twelfth Five-Year Plan" meets the "Golden Decade" and opens a new pattern of cross-Strait industrial cooperation

The "Twelfth Five-Year Plan" meets the "Golden Decade" and opens a new pattern of cross-Strait industrial cooperation Xinhuanet The 7th Cross-Strait Economic, Trade and Cultural Forum once again focused on the major issues of exchanges and cooperation between the two sides...

Xinhuanet

The 7th Cross-Strait Economic, Trade and Cultural Forum once again focused on the major issues of exchanges and cooperation between the two sides. The "intersection effect" of the mainland's "Twelfth Five-Year Plan" and Taiwan's "Golden Decade" blueprint has become the topic that attracted the most attention and the most heated discussion among participants on both sides of the strait. Various thoughts on opening up a new pattern of cross-strait industrial cooperation have stirred up shining sparks of wisdom.

"Opportunity", "Luck", "Opportunity" and "Turnaround", people used different words to express the same expectations on the forum, making no secret of their optimistic hopes for "entering a critical period where much can be done".

Whether it is the "Twelfth Five-Year Plan" or the "Golden Ten Years" concept, both sides of the Taiwan Strait have listed strengthening mutual cooperation as an important part of the economic development plan, which is unprecedented. Entering 2011, cross-Strait economic cooperation has reached a new starting point, inspiring enthusiastic imagination from all walks of life on both sides of the Strait to jointly create prosperity.

This forum also highlighted a different forward-looking approach than previous ones. Cao Xiaoheng, director of the Taiwan Economic Research Institute at Nankai University, believes that previous forums mainly focused on issues that both sides of the Taiwan Strait urgently need to resolve, while this time they focus more on mid- and long-term development plans.

It can be understood that after the implementation of the "Three Direct Links" and the signing of the ECFA (Economic Cooperation Framework Agreement across the Taiwan Strait), the two sides took an important step towards normalizing economic relations and institutionalizing economic cooperation. With the basic elements in place, the two sides chose the next proposition to seize the opportunity to achieve more long-term win-win results. It can be said that it is a natural progression and is also advancing with the times.

At this forum, the perspectives of participants from both sides of the Taiwan Strait are more focused on promoting cross-strait economic interaction towards a high level of industrial integration and development, and the blueprint intertwined with "outline", "conception" and "framework" is more detailed.

Zhuang Yiqi, deputy dean of the School of Social Sciences at National Chengchi University, believes that both sides of the Taiwan Strait should seize this once-in-a-lifetime opportunity to work together to build a complete industrial supply chain and value chain, promote the institutionalization of cross-Strait scientific and technological exchanges and cooperation, accelerate cooperation in industrial standards, jointly develop brand products with high technological content, and jointly develop the international market.

Gu Yinghua, a researcher at Taiwan's China Economic Research Institute, believes that optimizing industrial division of labor and cooperation is crucial for both sides of the Taiwan Strait, which are in urgent need of promoting the transformation of economic development models. The scope of ECFA is not limited to tariff concessions and market opening. Industrial cooperation is the focus. ECFA has the effect of expanding exports to Taiwan's advantageous industries, but only by leveraging the partnerships established through industrial cooperation can long-term development advantages be maintained.

When talking about current opportunities and future visions, Hu Chuntian, a professor at the Chinese Culture University in Taiwan, and Yin Cunyi, a professor at Tsinghua University in Beijing, both talked about the concept of "Chinese Economic Circle." The latter believes that in the face of increasingly fierce international competition, it is necessary and feasible for both sides of the Taiwan Strait to jointly build an industrial alliance. This will help realize the optimal allocation of cross-strait resources, complete the catching up of cross-strait industries in market and technological innovation, and enhance the global competitiveness of the "Chinese Economic Circle".

To jointly construct a competitive and high-value industrial chain, both sides of the Taiwan Straits must carry out a reasonable industrial division of labor from a macro perspective. Only by achieving precise docking can the "intersection effect" of the "Twelfth Five-Year Plan" and the "Golden Decade" concept be truly brought into play.

Zhang Guanhua, deputy director of the Taiwan Institute of the Chinese Academy of Social Sciences, suggested that both sides of the Taiwan Strait should avoid duplication of construction and vicious competition, form an overall pattern of mutual support in industrial layout, and give full play to their respective comparative advantages; through the corresponding mechanisms, platforms and policy support for cross-Strait industrial cooperation, promote the in-depth integration of the industrial chain and value chain on both sides of the Taiwan Strait at the industry and enterprise levels.

He also listed two specific directions: First, enterprises on both sides of the Taiwan Strait should seize the opportunity of the mainland's "Twelfth Five-Year Plan" to expand domestic demand, especially consumer demand, and cooperate to expand the domestic market, which will help promote the gradual transformation of cross-strait industrial division into cross-strait cooperation, co-creation, and global sales. In addition, vigorously developing strategic emerging industries is a common choice of industrial policies on both sides of the Taiwan Strait. Cooperation on relevant major projects should be actively promoted and the scale of the mainland market should be used to jointly cultivate global brands.

Gu Yinghua proposed that cross-Strait cooperation in the service industry can create a new economic development model and find new development momentum for cross-Strait economic cooperation. Both sides should strive to eliminate obstacles to cooperation and jointly provide policy support.

Sheng Jiuyuan, deputy director of the Shanghai Pudong Taiwan Economic Research Center, focuses on small and medium-sized enterprises. In an interview with a reporter from Xinhua News Agency, he said that the industries on both sides of the Taiwan Strait can negotiate to establish relevant funds to encourage and support innovative small and medium-sized enterprises; they can also jointly invest in the construction of industrial parks to attract complementary small and medium-sized enterprises from both sides of the Taiwan Strait to move in and carry out clustered development.

Achieving smooth two-way injection of capital is undoubtedly important to promoting the "upgrading" of cross-strait industrial cooperation. This is also one of the key points of concern among forum participants.

Gu Yinghua said that cross-strait investment has entered a new era of two-way exchanges. Taiwan should support, rather than restrict, applications from Taiwanese businessmen to invest in the mainland. Mainland capital coming to Taiwan should be encouraged to join the establishment of a new cross-strait division of labor model, so that enterprises on both sides of the strait can better combine their respective advantages and benefit from each other.

Kong Linglong, a specially invited expert from the Taiwan Affairs Office of the CPC Central Committee, said that both sides of the Taiwan Straits should promote the establishment and improvement of working mechanisms to promote two-way investment and deepen industrial cooperation, and reach an investment guarantee agreement as soon as possible. He also suggested that the two sides should cooperate to establish a database of relevant policies and regulations across the Taiwan Strait, as well as an information exchange platform for investment and industrial cooperation, and at the same time actively develop social intermediary organizations related to investment and industrial cooperation.

This forum revealed a consensus belief: Once the two sides of the Taiwan Strait open up a new pattern of industrial cooperation, a powerful economic potential and kinetic energy will be released. The forum is about to come to an end, and the blueprint has been drawn up, and it is time for both sides of the Taiwan Strait to work together to turn the vision into reality.