A proposed easing in China policy was listed under "other opinions," along with relaxing restrictions on China-bound investment and pushing for direct transport links across the Taiwan Strait, it said.

Addressing the "Conference on Sustainable Growth in the Taiwan Economy" earlier Friday, Premier Su Tseng-chang pledged that his cabinet was sincere about proceeding and trying to reach a consensus as soon as possible.

When asked to elaborate, a cabinet official said the government would take into account the "other opinions" when devising related policies and implementation measures.

According to current regulations, companies with a net worth of less than five billion dollars (152 million US) are permitted to invest either up to 40 percent of that value or a maximum of 80 million dollars on the mainland, whichever is higher.

There are then varying gradations depending on the size of the company and its planned China investment.

The conference also called on the government to institute an overall security mechanism while pushing for allowing increased visitors from the mainland, the statement said.

The government, led by the independence-leaning Democratic Progressive Party is reluctant to relax controls on China-bound investment, fearing that Taiwan would become hostage economically to its mainland rival if conflict were to break out between them.

According to Taiwan's Investment Commission, 34,746 China-bound projects worth 49.4 billion dollars have been authorized since Taipei allowed such direct investement in 1991 but other sources put the total at 100-150 billion dollars.

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