Taiwan’s outbound investment (excluding China) from January to November has increased 11.78 percent over the same period of last year, the Investment Commission under the Ministry of Economic Affairs (MOEA) said Tuesday.
However, investment cases and amounts in China during the same period dropped 26.3 percent and 10.47 percent over the same period of last year.
According to commission officials, the drop in investment by Taiwanese manufacturers in China was mainly due to changes in China’s business environment, including increasing labor costs and land prices.
The figures also reflect harsher standards imposed by the Chinese authorities in order to promote green industry, they said.
With regard to inward investment from China, the commission said that 141 cases were approved for a combined amount of US$228.96 million from January to November 2016, indicating an increase of 59.64 percent compared with the same period of 2015.
Source: Focus Taiwan News Channel