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Thursday, November 6, 2008

China and Taiwan Expand Accords

China and Taiwan Expand Accords is major news. A friend of mine liked it, since before when he had to fly to Shanghai, he had to fly to Hong Kong taking 8 hours. Now a direct flight will take 80 minutes from Taiwan. From a business prospective, he is very pro it. He only wants the agreement to be business related.

The fear of many Taiwanese is it will somehow make unification with China more likely. There are many people in Taiwan who favor Taiwan independence, and don't want to be unified with China.

From what I can see the pact will just reduce business costs and hurt Hong Kong and Okinawa that were making money because of the barriers to direct plane and ship travel. Ships from China would dock in Okinawa, and then go to Taiwan.

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