February 6, 2007
Foreign direct investment and China investment amounts hit record highs in 2006, according to the Ministry of Economic Affairs Investment Commission.
According to statistics announced by the commission, 2006's record FDI amount of
USD 13.97 billion represented a total of 1,846 approved foreign investment projects, and an increase of 230.39% over the previous year.
Meanwhile, the government approved a total of 1,090 investment projects for Taiwanese companies investing in China, which were worth a total of
USD 7.64 billion, a 27.22% increase over the previous year.
The commission accepted 698 applications from Taiwan companies engaging in smaller scale investments in China worth under
USD 200,000. The projects all together were worth
USD 64.55 million, and were concentrated in small-scale wholesale retail and restaurants.
The record number of Taiwanese investment projects going to China reflects a trend towards larger-scale investment, said the commission. Despite uncertain factors such as the revaluation of the Renminbi, the number of Taiwanese companies going to China continues to grow, the commission said. The
MOEA has called on Taiwan companies to be more cautious in considering China investment, and to ensure that a proper risk assessment is performed to safeguard investment interests.
Factors contributing to Taiwan's record FDI capital amounts in 2006 included Philips'
USD 3.7 billion stake in Taiwan Semiconductor, as well as a number of investments from regions in the Caribbean with low tax rates, said the commission.
In 2006, the commission accepted 478 applications for outgoing investment by Taiwan companies worth approximately
USD 4.32 billion, an increase of 76.32% over the previous year.
(Central News Agency)
E-mail this page.
Invest in Taiwan
