China-bound investments jumped by 31.88% in first two months

This article was published by the Taiwan Headlines on March 23, 2006. It reports that Taiwan's outbound investment reached US$160 million in the first two months of 2006, a sharp fall of about 50 percent from the corresponding figures of the previous year. However, during the same period, Taiwan's approved investment value in China jumped by 31.88 percent to US$910 million. A total of 149 cases of investment were approved.

According to the Investment Commission under the Ministry of Economic Affairs, in February alone, some 26 outbound investment cases with a total of US$100 million were approved. In the same month, the number of approved China-bound investment cases amounted to 65, with a combined value of US$360 million.

The government in Taiwan has been closely monitoring two large-sized China-bound investment cases. The first is a project valued at US$100 million, which was launched by Hon Hai Precision Ind. Co. in Guangdong Province's Shenzhen City. The other is a project valued at US$30 million, which was launched by Chi Mei Optoelectronics Corp. in Zhejiang Province's Ningbo City. These two companies are Taiwan's leading electronics manufacturers.