April 30, 2009

Ma's Efforts Bear Fruit

The Taiwan stockmarket rose over 6% on the news of the biggest ever China-Taiwan business deal: China Mobile will buy a 12% stake in Far EasTone Telecommunications, Taiwan's third largest telecom firm in a deal worth over half a billion (US) dollars. The news accompanied the decision (allowed by Beijing) for Taiwan to participate in the WHO governance body meeting opening the door to Taipei's decade long quest to join the UN organization. Analysts at Goldman Sachs are so buoyed by the progress of Taiwan's slow but inexorable peaceful reunification with the motherland that they added an extra percentage to their growth forecast's for the Taiwan economy this year....

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