MOE mulls easing Chinese investment twice per year


CNA

TAIPEI–Minister of Economic Affairs Shih Yen-shiang said that the ministry is considering further opening to Chinese investment every six months, with the list of industries already opened to be reviewed bi-annually. The ministry is scheduled to release another list of industries to be opened to Chinese investment in March in a third wave of opening, with the LED industry expected to be included. Shih said the ministry will review the list every six months, while concurrently considering further opening, adding that the fourth wave can be expected in the second half of the year.

Taiwan in 2009 and 2011 allowed Chinese to invest in 247 types of local businesses. The 2011 list opened Taiwan’s flat panel and semiconductor industries to Chinese investment.

According to the ministry, 42 percent of businesses in manufacturing and the service industry have been opened to Chinese capital since 2009, but combined Chinese investment in Taiwan has reached only US$150 million, with US$42 million invested last year.