MAC vows more Chinese investment in the future


CNA

TAIPEI–Chinese companies have invested NT$5.53 billion (US$184 million) in Taiwan since the government eased restrictions three years ago, and more will be done to solicit Chinese investment in the future, the Mainland Affairs Council (MAC) pledged.

The agency responsible for planning China policy said in a statement that the government will step up investment promotion efforts and review and improve related policies and policy execution to get more Chinese companies to invest in Taiwan.

By the end of 2011, a total of 204 Chinese enterprises had been allowed to set up branches or invest in companies in Taiwan, the MAC said in a statement.

Taiwan allowed the entry of Chinese capital into 192 business categories in 2009 after the third round of high level talks between the Straits Exchange Foundation (SEF) and its Beijing counterpart, the Association for Relations Across the Taiwan Straits (ARATS).

The market was further opened in May 2010 and in March 2011, bringing the total number of categories in which Chinese capital is allowed entry to 247.