New development blueprint uplifts Taiwan entrepreneurs on mainland

The Communist Party of China (CPC) Central Committee's proposals for formulating a new five-year development plan and long-range objectives open up tremendous opportunities for enterprises from both the mainland and Taiwan, said entrepreneurs attending the 2020 conference of the summit for entrepreneurs across the Taiwan Strait.

Despite the impact of the COVID-19 pandemic, the conference, held in the coastal city of Xiamen in Fujian province and Taipei via video link Wednesday, attracted more than 700 attendees from both sides of the Strait.

Guo Jinlong, president of the mainland-based council of the summit, said that as the country transitions into a new stage of development, enterprises from across the Strait should seize the opportunities to develop further.

Vincent Siew, president of the Taiwan-based council of the summit, said the cross-Strait cooperation can go further in areas including healthcare, smart cities and environmental protection, with measures to help Taiwan-funded firms tap into the mainland market.

According to the CPC Central Committee's proposals for formulating the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035, efforts were emphasized to strengthen cross-Strait industrial cooperation and foster a common market for the two sides.

Tao Hsu, vice president of Via Technologies, a manufacturer of integrated circuits in Taiwan, said to seize the new growth opportunities, Taiwan-funded enterprises need to spur innovation, nurture talent, and get more involved in fields including 5G, industrial internet and artificial intelligence on the mainland.