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Taiwan, China telecom trade up 50 percent

TAIPEI, Taiwan — A Taiwanese official says trade in telecom products between Taiwan and China totaled $4.5 billion in 2010, up 50 percent from the previous year.

Taiwan’s Vice Economics Minister Huang Jung-chiou said Thursday that Taiwan has emerged a strategic partner for Chinese telecom firms, not just a parts supplier.

He says the sides are engaged in broadband and other ventures, including one by China’s China Mobile to develop the fourth generation TD-LTE mobile network with Taiwan’s Far Eastern Group and several research institutes.

He spoke at a conference attended by officials from China’s top telecom firms and equipment providers.

Taiwan and China have bolstered their economic ties under an engagement policy initiated by Taiwanese President Ma Ying-jeou in 2008.