Taiwan eases China yuan rules

The move will make things easier for the expected influx of Chinese tourists Taiwan has lifted some restrictions on Chinese currency exchange, in another sign of improving bilateral ties. The move is part of a number of financial liberalisation measures agreed by the government last week. It follows a pledge by Taiwan's new President, Ma Ying-jeou, to promote better economic ties with China, which sees Taiwan as part of its territory. For the first time, Chinese bank notes will be officially available at authorised Taiwanese banks. They will also be available at foreign-currency trading counters at tourist hotels, airports and gift stores. Tourist influx The move comes just a few days before the start of regular direct weekend charter flights between Taiwan and China - marking a new chapter in relations between the two... [read full story]