Approved China investments in Taiwan have fallen by more than 50% so far this year over last year. That’s the word from the Investment Commission. The commission also said the figure is due to a high comparison base last year.
Last year, Chinese firms got approval to pour more than US$60 million in property development and textile production in Taiwan. Chinese investments in Taiwan totaled US$316 million.
In the first ten months of this year, Chinese investments totaled US$134 million, which is 58% less than last year. But the number of projects actually went up by 20% to 135. But the commission said it expects many more Chinese firms to file applications for investment by the end of this year.
In late October, Powertech Technology said that it has agreed to sell a 25 percent stake to China’s Tsinghua Unigroup. If the commission approves the deal, it would mark the first time a Chinese company will invest in Taiwan’s integrated circuit testing and packaging industry.
Since Taiwan lifted a ban against Chinese investors in 2009, the commission said Chinese investments have amounted to US$1.33 billion.
In the 10-month period, Taiwan’s outbound investments were at US$9.4 billion, up 40 percent from last year. The value of approved Taiwanese investments in China has also risen by 11% from last year to US$8.7 billion.