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