Taiwan firms get $19b loan lifeline

By Xie Yu and Cao Li | China Daily | Updated: 2008-12-22 07:42

Jia Qinglin, (left), member of the Standing Committee of the CPC Central Committee Political Bureau, and Kuomintang Chairman Wu Poh-hsiung shake hands after the closing ceremony of the Fourth Cross-Straits Economic, Trade and Cultural Forum in Shanghai yesterday. China News Service

SHANGHAI: Three banks will lend 130 billion yuan ($19 billion) to Taiwan businesses on the mainland to help them cope with the global financial turmoil in three years, a top official with the Taiwan Affairs Office of the State Council said yesterday.