Taiwan's investment in China

Taiwan's investment in China

TAIPEI (DPA): Taiwanese investment in mainland China hit a record high of US$2.7 billion last year, according to a recent report by a think tank on the island.

"Taiwan's mainland investments hit an all-time high last year and grew 108 per cent compared with a year previously," Tan Ching-yu, an assistant research fellow at the National Policy Foundation, which is linked to the opposition Nationalist Party, said on Monday.

Tan also said that most of the China investments were made after the new government under President Chen Shui-bian took office in May 2000.

"Almost 70 percent of the investments were made in the second half of last year," Tan said.

Moreover, Taiwanese investment in China last year stood at 33 percent of the island's total foreign investments.