Hubei businessmen sign 35 purchase agreements(2010/4/21)

April 22nd, 2010 | Categories: 2010 | Tags:

Taipei, April 21 (CNA) Representatives of major businesses, including Wuhan Bluestar Computer and Wushang Bulksale, from central China’s Hubei Province, signed 35 procurement agreements with local businessmen Wednesday. With Hubei Province aiming to become “China’s optics valley,” the purchases mainly involved electronic parts such as flat panels and LEDs.

Representatives from the Jointown Pharmaceutical Group, one of the top 500 businesses in China, noted that Taiwan excels in biotech medicine and medical equipment, and the group signed a purchase deal worth US$15 million with a local biotech firm. Jointown also expressed hope that it will be able to sell Chinese herbal medicines to Taiwan. Delphi Hubei, meanwhile, purchased nearly US$10 million-worth of automotive electronic diodes from Taiwan’s Actron Technology Corp. Hubei buyers also included the Wuhan Zhongbai Group and the Wuhan Zhongnan Commercial Group, whose purchases were focused on agricultural products and daily necessities. Taiwanese businessmen attending the purchase meetings recognized the importance of Hubei’s geographic location and expressed hope that they will be able to use the province as a stepping stone into China’s domestic market.

A total of 36 manufacturers from Hubei Province took part in the procurement meetings. Yang Fang, an official of the Wuhan Hanshang Group, said there are not many Taiwanese products available in Wuhan City, the provincial capital, and that what is available is mainly sold in supermarkets.

Yang said it was her first procurement visit to Taiwan, and she expressed particular interest in beauty care products such as red cypress essential oil, red cypress shampoo and facial masks, because such products are uncommon in Wuhan and people generally have to go to beauty parlors to buy them.

She suggested that Taiwanese businesses should establish agents in China to help Chinese buyers who want to discuss business with them.

The procurement meetings were part of the seventh Taiwan-Hubei (Wuhan) week that opened in Taipei a day earlier, in which participants were hoping to expand commercial, technological, cultural and agriculture exchanges between Taiwan and central western China. In a related development, meanwhile, a Taiwan-Hubei (Wuhan) Week Cultural Exhibition opened in Taipei Wednesday.

Luo Qingquan, secretary of the Hubei Provincial Committee of the Communist Party of China, Taiwan’s opposition New Party Chairman Yok Mu-ming, former Straits Exchange Foundation Vice Chairman Chiao Jen-ho, as well as Chinese painter Zhou Shaohua and Taiwanese artist Li Chi-mao, attended the opening ceremony.

Luo was leading a 1,000-strong delegation from Hubei that arrived April 19 to enhance exchanges between Hubei and Taiwan. The delegation is expected to make purchases worth more than US$500 million during the visit.

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