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Mainland, Taiwan weigh up benefits of economic pact
2010/03/15

BEIJING, March 15 (Xinhua) -- After almost two decades on the Chinese mainland, Taiwan businessman Lee Rie-ho owns a well-known tea group that runs more than 1,000 outlets across the country.

However, his Ten Fu Group still only holds around 3 percent of the total mainland market. "The market here is amazingly large," says Lee, 75.

"Five cups of tea for each of the 1.3 billion population (on the mainland) could consume a whole year's production in Taiwan."

Before the Chinese New Year on Feb. 14, 2010, Lee was among a group of Taiwan business people who met with President Hu Jintao on his inspection tour of Fujian Province, a major destination of Taiwan investments.

Besides conveying festival greetings, President Hu called the Economic Cooperation Framework Agreement (ECFA), an economic pact under negotiation between the mainland and Taiwan, a "good deal" to promote cross-Strait economic cooperation and achieve mutual benefits.

 
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