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Business people from Taiwan play active part in development of Hainan province

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By Chai Yifei, People’s Daily

More and more business people from China’s Taiwan are seen in Hainan Free Trade Port (FTP) in south China’s Hainan province as they have been attracted by favorable policies in the free trade port and come to the southern island province to seek opportunities and expand business.

Data showed that business people from Taiwan have registered 302 companies and actually invested more than $300 million in Hainan province since 2018; between 2019 and 2021, volume of trade in goods between Hainan and Taiwan grew by more than 50 percent a year; last year, trade between Hainan and Taiwan surged 81 percent year on year to 1.9 billion yuan (about $292 million).

“Hainan is endowed with abundant natural resources and advantageous geographical location; and the Hainan FTP enjoys full and high-standard opening-up as well as favorable policies that are not available elsewhere,” said Fu Zhiguan, vice president of the All China Federation of Taiwan Compatriots (ACFTC) and president of the Hainan province federation of Taiwan compatriots.

Featuring zero tariffs, low tax rates, and a simple taxation system, policies in the Hainan FTP significantly lower operating costs of companies and provide opportunities for Taiwan compatriots in many aspects, including expanding into global markets, achieving mutual complementarity with related industries, pursuing development of high technologies, as well as introduction of high-end management talents, according to Fu.

“Our international medical center in the Boao Lecheng International Medical Tourism Pilot Zone can enjoy franchises including using in bulk drugs and medical equipment that have been launched in the U.S., the European Union, Japan, or other countries and regions but yet to be released onto the market in the Chinese mainland, which is a privilege of Hainan province,” Ling Kaijun, president of Enhance Biomedical Holding Company, told People’s Daily.

In addition to favorable policies for the development of industries, senior management personnel and professionals in the company can also enjoy preferential personal income tax rate, the businesswoman from Taiwan added.

In an effort to promote the construction of the Hainan FTP, Hainan province has also rolled out favorable policies in the agricultural sector. The province has relaxed market access in the seed industry by taking concrete measures including canceling requirements on the area of office space, inspection room, processing plant, storage facility, etc. as well as rigid requirements on inspection room and instrument of seed companies.

Taiwan residents and Taiwan-funded enterprises are allowed to set up or join various forms of farmers’ cooperatives, including farmers’ specialized cooperatives in Hainan. Besides, Taiwan-funded agricultural companies and local ones in Hainan enjoy the same farm machinery subsidies and other preferential policies for farmers.

These measures and policies all help business people from Taiwan participate in agricultural projects and try growing and promoting new varieties of agricultural products in Hainan.

“Taiwan compatriots who have come to invest or start their own businesses in Hainan have not only brought capital but also advanced technologies and managerial experience to the province. In particular, their investments in the agricultural sector have contributed significantly to the fight against poverty and rural vitalization in Hainan,” said an official with the Taiwan affairs office of Hainan province.

Since the beginning of the construction of the Hainan FTP, business people from Taiwan have invested in more and more fields in Hainan; and modern services industry and high-tech industry are becoming key fields for investment from Taiwan, according to the official.

In an effort to better help business people from Taiwan integrate into the development of Hainan and fully enjoy the same treatment as people from the Chinese mainland, Hainan province has introduced measures for promoting economic and cultural exchanges and cooperation across the Taiwan Strait, also known as “Hainan’s 30 measures to benefit Taiwan compatriots”, and unveiled an action plan for advancing cooperation between Hainan and Taiwan for the construction of the Hainan FTP.

These measures and plans have improved Hainan’s working mechanisms for the introduction of talents and related services, offering broader space for the development of Taiwan people and enterprises.

“Hainan’s 30 measures to benefit Taiwan compatriots” specify that Taiwan-funded companies and people from Taiwan enjoy the same institutional convenience and policies rolled out by the central government and Hainan province on domestic and foreign trade, investment and financing, entry and exit, fiscal and financial support, as well as introduction of talents.

In addition, Taiwan-funded companies operating in Hainan can apply for accreditation of high-tech enterprises, enjoy as Chinese mainland companies provisions on promoting the development of high-tech industry introduced by Hainan province once officially recognized as high-tech enterprises, and be granted special fund and support from relevant policies, according to the 30 measures.

Moreover, the service stations for compatriots from Hong Kong, Macao and Taiwan, and overseas Chinese in the six key industrial parks of the Hainan FTP have also played an important part in attracting Taiwan enterprises, facilitating their growth, and better serving the needs of Taiwan people in Hainan.

“Favorable policies have brought a sense of gain to Taiwan compatriots and provided strong support for their efforts to fulfill their dreams on the mainland,” said Fu.

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“Nigeria’s Biggest Ever Coalition, Civil Groups, Professionals, Labour, Artisans, Declare for Bola Tinubu”

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In what is being described as an unprecedented political development ahead of the 2027 general elections, a broad-based national coalition cutting across civil society organisations, professional bodies, labour groups, artisan associations, and other grassroots networks has announced plans to formally endorse President Bola Ahmed Tinubu for a second term in office.

The coalition, spearheaded by the Coalition of Civil Society Organisations in Nigeria, COCSON, now extends far beyond the traditional civic space, bringing together over 1,500 groups from diverse sectors of the Nigerian society. Participants include human rights organisations, medical and legal professionals, trade and artisan unions, community-based organisations, and influential labour leaders, reflecting a wide national spread and multi-sectoral backing.

The historic convention is scheduled to hold on May 17, 2026, where leaders and representatives of the various groups are expected to converge in what organisers say will be the largest endorsement gathering in Nigeria’s history. The event will serve as the official platform for the coalition to collectively declare support for President Tinubu’s re-election bid.

In a major demonstration of grassroots mobilisation, the coalition also revealed plans to submit a compiled total of 20 million signatures of Nigerians who have endorsed the President’s candidacy. The signatures, gathered through extensive nationwide engagement, are being positioned as a clear indication of public support cutting across regions, professions, and social strata.

Organisers of the event stated that the decision to back President Tinubu is driven by what they described as tangible strides in economic reforms, governance, and national stability. They emphasised that the inclusion of non-traditional actors such as artisans, market groups, and labour unions underscores a broader national consensus that transcends the usual civil society framework.

Political analysts say the scale and diversity of this coalition mark a significant shift in Nigeria’s political landscape, where support structures are no longer confined to political parties and elite stakeholders but are increasingly driven by a fusion of grassroots and professional constituencies.

As momentum builds towards the May 17 convention, observers are keenly watching how this expansive alliance will shape political narratives and influence voter sentiment in the lead-up to the 2027 elections.

Further details on the convention and breakdown of participating groups are expected to be unveiled in the coming days.

In what is being described as an unprecedented political development ahead of the 2027 general elections, a broad-based national coalition cutting across civil society organisations, professional bodies, labour groups, artisan associations, and other grassroots networks has announced plans to formally endorse President Bola Ahmed Tinubu for a second term in office.

The coalition, spearheaded by the Coalition of Civil Society Organisations in Nigeria, COCSON, now extends far beyond the traditional civic space, bringing together over 1,500 groups from diverse sectors of the Nigerian society. Participants include human rights organisations, medical and legal professionals, trade and artisan unions, community-based organisations, and influential labour leaders, reflecting a wide national spread and multi-sectoral backing.

The historic convention is scheduled to hold on May 17, 2026, where leaders and representatives of the various groups are expected to converge in what organisers say will be the largest endorsement gathering in Nigeria’s history. The event will serve as the official platform for the coalition to collectively declare support for President Tinubu’s re-election bid.

In a major demonstration of grassroots mobilisation, the coalition also revealed plans to submit a compiled total of 20 million signatures of Nigerians who have endorsed the President’s candidacy. The signatures, gathered through extensive nationwide engagement, are being positioned as a clear indication of public support cutting across regions, professions, and social strata.

Organisers of the event stated that the decision to back President Tinubu is driven by what they described as tangible strides in economic reforms, governance, and national stability. They emphasised that the inclusion of non-traditional actors such as artisans, market groups, and labour unions underscores a broader national consensus that transcends the usual civil society framework.

Political analysts say the scale and diversity of this coalition mark a significant shift in Nigeria’s political landscape, where support structures are no longer confined to political parties and elite stakeholders but are increasingly driven by a fusion of grassroots and professional constituencies.

As momentum builds towards the May 17 convention, observers are keenly watching how this expansive alliance will shape political narratives and influence voter sentiment in the lead-up to the 2027 elections.

Further details on the convention and breakdown of participating groups are expected to be unveiled in the coming days.

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How ISWAP killed Army Col. Six others in Borno.

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☆☆☆As Troops Foil Series of Ambushes.

Troops of the Nigerian Army under operation Hadin Kai have foiled a series of ambush by suspected members of the Islamic State West Africa Province (I SWAP) terrorist along the Monguno in Borno state.

Islamic state of West Africa province (ISWAP) have attacked the Nigerian army from Monguno 242 Battion Barrack in Borno State on their way to reinforce the camp.

A serving Nigerian Army Colonel was  reportedly  killed in an ambush by  insurgents in Monguno, Borno State, during a reinforcement mission

Source added said that colonel I.A. Muhammad was ambushed by ISWAP and killed along with four other soldiers.

Community confirmed that the troops who were on a fighting patrol as part of operation,came under fire from suspected terrorists 

As of the time of felling this report, there has been no official statements from the Nigerian Army regarding the accident.

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Dogara Felicitates Dangote at 69, Applauds His Enduring Impact on Africa

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Hon. Yakubu Dogara, former Speaker of the House of Representatives and Chairman of the Credit Guarantee Company Limited (NCGC), has joined Nigerians and the global business community in celebrating Alhaji Aliko Dangote on his 69th birthday. In a detailed tribute, Dogara described Dangote as “a visionary whose life’s work has become a cornerstone of Africa’s economic transformation.”

Dogara emphasized that Dangote’s entrepreneurial journey is one of resilience and foresight. From humble beginnings, he built the Dangote Group into Africa’s largest conglomerate, with investments spanning cement, sugar, salt, fertilizers, and the landmark Dangote Refinery. These ventures, Dogara noted, have not only revolutionized industries but also created millions of jobs, strengthened Nigeria’s economy, and reduced dependence on imports. “Alhaji Dangote is not just an entrepreneur; he is a nation-builder whose vision has redefined what is possible for Nigeria and Africa,” Dogara said.

He pointed out that the Dangote Refinery, in particular, represents a turning point in Nigeria’s energy sector, offering the promise of self-sufficiency in petroleum products and positioning the country as a major player in global energy markets. “This singular achievement underscores his commitment to solving Africa’s most pressing challenges through bold and innovative solutions,” Dogara remarked.

Beyond his industrial empire, Dogara praised Dangote’s philanthropy through the Dangote Foundation, which has invested heavily in healthcare, education, and humanitarian relief. From building hospitals and funding scholarships to providing aid during crises, Dangote’s generosity has touched countless lives across the continent. “His philanthropy reflects a deep commitment to humanity. He has shown that true greatness lies not only in building industries but also in uplifting lives,” Dogara added.

Dogara also reflected on the inspirational power of Dangote’s story, stressing that his rise from modest beginnings to global prominence serves as a beacon of hope for young Africans. “His journey proves that with hard work, faith, and determination, Africans can build enterprises that rival the best in the world. He remains a shining example of African excellence,” he concluded.

As Dangote celebrates his 69th birthday, his legacy continues to resonate far beyond Nigeria’s borders. His life stands as a testament to the transformative power of vision, enterprise, and compassion—an enduring reminder that Africa’s future can be defined by innovation, resilience, and generosity

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