THREE-YEAR PLAN:The offer is aimed at Taiwanese firms that have been operating in China for more than two years and want to invest in smart technology production lines
Taipei Times
Date: Nov 30, 2018
By: Sherry Hsiao / Staff writer, with CNA
The Executive Yuan yesterday approved a three-year plan to attract investment
Industrial Development Bureau Director-General Leu Jang-hwa speaks during a news conference at the Executive Yuan in Taipei yesterday. Photo: CNA
from Taiwanese businesses in China affected by the current US-China trade dispute.
The plan, which is to take effect on Jan. 1, focuses on five areas — land use, labor, tax services, water and electricity supply, and fast financing — and only businesses affected by the trade dispute, that have been investing in China for more than two years and that want to investing in production lines incorporating smart technology would be eligible, it said.
They must also be in an industry targeted by the government’s “five plus two” innovative industries plan or produce a high value-added product, it said.
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