Integration of the Chinese Economy and the Concept of "Economic Sphere of Both Sides of the Straits"

Jin Hongfan

Chinese Economy, 1993, vol. 26, issue 6, 13-23

Abstract: Integration of the Chinese economy (>i>Zhongguo jingji yitihua>/i>) refers to the establishment of an integrated economy among the mainland, Taiwan, Hong Kong, and Macao. It would be an economy that is coordinated and relatively independent of each other at the same time. In form, it should be a loose one and its common aim should be to make China strong and prosperous. The potential for this is gradually growing, but the goal will not be easy to reach. Considering geographic, human, and material factors, an "economic sphere of both sides of the straits" can first be established between mainland's southeastern seaboard and Taiwan, Hong Kong, and Macao based on mutually complementary economic relations.>sup>1>/sup> Actually, this idea has already proceeded from theoretical exploration to practice. Once communications in trade, postal, and sea and air services between the two sides of the Taiwan Straits are restored, the embryo of the "sphere" will form.

Date: 1993
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