Finally, China and Taiwan signed 3 agreements for direct transportations -- air flight, sea freight, parcel/mail -- and 1 on food safety control in Taipei this afternoon.
The air and sea transportation and logistics business in Taiwan will boom for sure, and Hong Kong will lose some of the volume.
With direct flight route, it will take only 1hr 20min to fly between Taipei (downtown) and Shanghai, instead of 6hrs via HK.
Tomorrow will be agreements on opening up financial/banking sector to Taiwanese.
The air and sea transportation and logistics business in Taiwan will boom for sure, and Hong Kong will lose some of the volume.
With direct flight route, it will take only 1hr 20min to fly between Taipei (downtown) and Shanghai, instead of 6hrs via HK.
Tomorrow will be agreements on opening up financial/banking sector to Taiwanese.