While a deal on double taxation will wait for another day, China and Taiwan signed three more agreements to bring their economies closer. (More properly, the agreements were made between Taiwan’s “Straits Exchange Foundation” and China’s “Association for Relations Across the Taiwan Strait,” as China and Taiwan do not recognize each other, and the KMT and the Communists are technically at war). The Taiwan Straits is the one area of the world where a war could do as much damage as World War I. It is important that the Chinese and Taiwanese view each other as business partners, not as enemies. The current warming of relations between Taiwan and China speaks well for the future of peace in the world.
The benefits of this are many. For instance, the Chinese Navy (technically, the People’s Liberation Army Navy) can focus on fighting Somali pirates.