Chinese group to make US$5.2 bil. in purchase deals

Huang told a group of Taiwanese reporters that the main purposes of his coming trip will be promoting bilateral cooperation between his southeastern Chinese province and Taiwan, in addition to buying electronics, electrical, chemical products and agricultural goods.

Members of his delegation will include representatives of some 70 leading businesses in Guangdong who will seek to forge cooperation agreements with their Taiwanese counterparts in the fields of tourism, culture and agriculture, he added.

Huang will also promote the 16th Asian Games scheduled to take place Nov. 12-27 in Guangzhou, the provincial capital.

The Guangdongdelegationvisitcomeson the heelsof provincial-level groups from China's Sichuan, Shannxi, Jiangsu, Zejiang, Jilin, Guangxi, Hubei and Shanghai that have visited Taiwan since the beginning of this year.

Huang said that Guangdong, the base for many Taiwan-invested businesses, is set to proceed with an industrial upgrade as a result of a decrease in land parcels available for development and soaring labor costs.

“The labor-intensive enterprises, especially in the Pearl River Delta area, should seek to transfer inland to other parts of China where wages are relatively lower or they will find it difficult to survive,” Huang said.

“Taiwanese enterprises, which are mostly export-oriented, are urged to upgrade and to shift their attention to China's huge domestic market, for which the provincial government will offer them assistance, “ Huang added.

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