Taiwan, China to cooperate on biomedical projects

china-taiwan-flagTaipei, Nov. 11 2009 Reported by CNA Biomedical companies in Taiwan and China have reached an agreement for cooperation on 10 projects of Biomedical, a step that is expected to lead to expansion of the emerging Biomedical industry on both sides of the Taiwan Strait.

Vice Governor of Jiangsu Province Zhao Kezhi said “the biomedical and healthcare industry has been listed by China as one of six emerging industries for priority development”, at the signing ceremony in Taipei.

“As part of China’s efforts to develop the biopharmaceutical industry, it will build the Taizhou Pharmaceutical High-tech Industry Park in Jiangsu Province”, Zhao added.

The zone, the first of its kind to be established at the national level in China, has already attracted hundreds of well-known international medical research and development institutes, he added.

About 50 percent of Taiwan businesses investing in China usually choose Jiangsu because of its low labor costs, sound infrastructure, solid foundation for manufacturing industries, and technology talent, according to Wang Qin, vice director of the province’s Science and Technology Bureau.

However, it lacks resources in advanced technology and management talent, Wang said, adding that Taiwanese advanced technology companies would be welcome to invest there.

Meanwhile, at another function in Taipei, Xuzhou Municipal Party Committee Secretary Cao Xinping said Wednesday that his city is giving priority to the development of the solar energy photovoltaic industry and will offer incentives such as tax breaks and cheap land to attract Taiwanese companies.

The city is working hard to tap into renewable energy sources, as coal mining resources there have become increasingly scarce, Cao said, noting that its recoverable reserves are only 540 million tons at present.

Xuzhou’s production capacity for polysilicon, a key raw material in the production of solar cells, is the highest in Asia and the third highest in the world, which could be a big advantage in developing solar industries and could boost business turnover to more than 100 billion Chinese yuan by 2012 , according to Cao.

Taiwan has amassed considerable experience in developing solar energy industries, and has the advantages of abundant capital and talent, brand names, technology and domestic demand, Cao noted.

Chinese companies in the solar energy and photovoltaic industries are therefore very willing to cooperate with their Taiwanese counterparts to explore the Chinese market, he added.

(By Feng Chao, Chang Ming-kuan and Y.L. Kao)