China and Taiwan open direct shipping lane
This is another piece of news that got lost in the end of year holiday shuffle. For the first time since the two separated in 1949, China and Taiwan launched the first direct shipping lane across the Taiwan strait.
‘Today is another day to remember in the history of cross-strait ties,’ said Mr Wang Yi, head of China’s top policy-making body on Taiwan, at a send-off event at Tianjin Port.
Over at Taiwan’s Kaohsiung Port, President Ma Ying-jeou presided over the sailing of the first vessel from Taiwan to China in nearly 60 years.
Obviously this is great news for Taiwan’s economy and not so great for Hong Kong, which acted as a major gateway for shipments into the mainland. According to a report on straitstimes.com Taiwan expects ocean shippers to save NT$1.2 billion (S$53 million) and air passengers to save NT$3 billion annually.
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