Thaw in China-Taiwan Relations

A significant thaw in China-Taiwan relations is occurring.In the third round of negotiations between the two states,cross-border banking was arranged,as was an increase in direct flights between China and Taiwan.Subsequently,China Mobile,Ltd. offered a 17.8 billion dollar investment-a 12% stake-in Taiwan's Far EasTone Telecommunications.Pending Taiwanese regulators' approval,it is the first direct investment by a Chinese state-owned firm in a Taiwanese company.Finally,China will allow Taiwan to take a seat at the World Health Assembly,parent of the World Health Organization, in Geneva.Taiwan was expelled from the World Health Organization in 1971,when China took over its seat.Relations between China and Taiwan are at their best in 60 years.China regards Taiwan as a wayward province of China.