This book examines how since about 2008 the economy of Taiwan has become ever more deeply integrated into the economy of China. It goes beyond a consideration of trade and investment flows, and discusses also the large population flows, the growing integration of the two financial systems and the nature of the deep economic integration at the industry and firm level. It considers the impact of growing economic integration on society and politics, assesses how China-Taiwan economic integration is affecting the East Asian region more widely, and explores the implications for international relations, including the United States dominance in the region. Overall, the book presents a comprehensive analysis of all the issues.
Introduction Part I Integration in Trade and Investment Chapter 1 Taiwan’s Investment in China: Push and Pull Chapter 2 Impact of the Intensifying Cross-Strait Economic Ties on Taiwan Chapter 3 ECFA: Political and Economic Considerations Part II Liberalization in People’s Mobility Chapter 4 Tourism Development across the Taiwan Strait Chapter 5 From a Passer-By to a Long Term Resident on the other Side of the Strait Part III Deregulation in Financial Market Chapter 6 Taiwan Looks to Expanding its Financial Business in China Chapter 7 Taiwan’s Role in RMB’s Internationalization Part IV Cross-Strait Economic Integration in the Regional Context Chapter 8 Sustaining Hong Kong’s Services amid Changing Dynamics of Greater China Economic Linkage Chapter 9 The United States in the New Cross-Strait Relations Chapter 10 Taiwan and China in Face of the Rapid Development of Regional Economic Integration Conclusion