Friday, December 4, 2009

More China-Taiwan Deals Coming

Its no secret that China and Taiwan don't see eye to eye, but recently business relations between the two have been getting a lot less chilly. Currently, the Industrial and Cemmercial Bank of China is in talks to purchase a $3 billion stake in Taiwan's Cathay Financial Holdings, while Taiwan's Fubon Financial Holding is in talks to buy a stake in China International Capital Corporation. There are several other possible cross-strait mergers in process, but they have stalled due to political issues.

While it is good to hear that the two countries are finally attempting, after long years of feuding, to make some peace the deals seem somewhat odd because they offer few benefits, leading to the belief that the deals are here more for the symbolic nature than for anyone's benefit.

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