INSTABILITY: China’s increasing focus on environmental protection and sudden shifts in policy are forcing Taiwanese companies to reconsider their options in China
Taipei Times
Date: Dec 27, 2017
By: Jake Chung / Staff writer, with CNA
Despite a decision by the Kunshan City Government in China to postpone an order for
People walk toward Advantech Co’s research and development center in Kunshan in China’s Jiangsu Province on Nov. 6 last year. Photo: CNA
factories along the Wusong River to shut down, Taiwanese companies said they might still have to reconsider their operations in China.
The city on Sunday issued an order for the immediate shutdown of 270 factories — half of which are Taiwanese — in a bid to reduce water pollution in the river.
The order, effective from Monday through Jan. 10, has since been put on hold.
Printed circuit board makers such as Career Technology (嘉聯益) saw their shares fall sharply yesterday on the Taiwan Stock Exchange following the announcement. [FULL STORY]
