Approved Taiwanese investment in China down sharply in 2016

Focus Taiwan
Date: 2017/01/20
By: Huang Li-yun and Frances Huang

Taipei, Jan. 20 (CNA) The number of planned investments in China by Taiwanese companies that were approved by Taiwan’s government in 2016 fell for the third consecutive year, slumping 21 percent year-on-year, the Investment Commission said Friday.

The commission attributed the decline to slower growth and a less attractive investment environment in China, which have discouraged Taiwanese investors from injecting funds into the market.

According to the commission, it approved a total of 252 China-bound investment applications in 2016, down 21.49 percent from a year earlier.

China’s gross domestic product grew 6.7 percent in 2016, the National Bureau of Statistics said on Friday. The 2016 figure fell within the Chinese government’s growth target range of 6.5-7 percent but was still the lowest in 26 years.    [FULL  STORY]

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