Chinese investment down 18% in Taiwan

Chinese investment down 18% in Taiwan

TAIPEI: Taiwan approved a total of 853 China-bound investment
applications worth US$3.59 billion in the eight months to August,
down 18 percent from a year ago, the Investment Commission said
on Monday.

During the period, the commission approved 705 inbound direct
investment applications worth $2.32 billion, up 0.1 percent year-
on-year.

China has replaced the United States as Taiwan's largest
market since November 2002 despite mounting political tensions
between them.

It is also Taiwan's leading foreign investment destination,
with an estimated $80 billion invested over the years in various
projects. -- AFP