Taiwan’s former premier and the co-chair of the 2022 Cross-Strait CEO Summit (CSCS) Liu Chao-hsuan (???) said Tuesday that businesses in Taiwan and China should focus on collaboration in emerging industries such as electric vehicles.

Speaking on the opening day of the CSCS in the Chinese city of Xiamen, Liu argued that a changing business environment in China and volatility in the global economy could render traditional export-orientated models unsustainable.

Therefore, Liu said, Taiwanese businesses should look to collaborate with their Chinese counterparts on the development of the country’s digital and green technology sectors as well as infrastructure projects and service industry modernization.

Representatives from the two sides at the summit will select some industries, such as electric vehicles, as priority areas for future cooperation, according to Liu, who served as premier during the administration of former Kuomintang (KMT) President Ma Ying-jeou (???).

Meanwhile, Wang Huning (???), a member of the Chinese Communist Party’s (CCP) Politburo Standing Committee, China’s top decision-making body, sent a congratulatory letter to the summit.

In the letter, Wang called for adherence to the “one China” principle and the so-called “1992 consensus” to promote cross-strait cooperation in all areas, including economic and cultural cooperation.

The 1992 consensus is a tacit agreement purportedly reached between government representatives from Taiwan’s Kuomingtang (KMT) and the CCP that, according to the KMT, acknowledges there is only one China with both sides free to interpret what “China” is.

Taiwan’s ruling Democratic Progressive Party has publicly rejected the consensus as a foundation for dialogue with Beijing.

Source: Focus Taiwan News Channel