China offers economic boons to Taiwan

China has unveiled a set of new economic incentive measures for Taiwan, offering to resume some ties with the island. The announcement comes after a visit by the head of Taiwan’s main opposition party, the Kuomintang (KMT), to Beijing. Taiwan has been a de-facto self-governing territory since 1949, when Chinese nationalist forces fled there after losing the civil war. Beijing regards the island as an integral part of its territory under the One China policy, which is backed by the overwhelming majority of the UN member states. Beijing’s Taiwan Affairs Office unveiled the 10-point economic incentive package to the island on Sunday, which includes fast-tracking a full resumption of regular direct flights across the Taiwan Strait and facilitating access for Taiwanese food products to the Chinese market. The plan also envisions sharing energy and water supply with Matsu and Kinmen, Taiwanese-governed islands that are geographically closer to the mainland, as well as working on ...