Global EditionASIA 中文双语Français
China
Home / China / Latest

Cross-Straits investment up in first 10 months

Xinhua | Updated: 2020-11-22 08:02
Share
Share - WeChat

TAIPEI - The total cross-Straits investment by mainland and Taiwan enterprises rose significantly in the first 10 months of this year, according to the island's economic affairs department.

From January to October, investment in the mainland by Taiwan enterprises increased by 47 percent year on year to $4.71 billion, the department said in a press release earlier this week.

In October alone, the authority approved investment projects involving $490 million, up 29 percent year on year.

The top five destinations for investment from Taiwan were Jiangsu, Fujian, Shanghai, Zhejiang and Guangdong, the statement said.

Of the industries involved, the manufacturing of electronic components attracted the greatest investment, it added.

Meanwhile, Taiwan authorities approved 83 investment projects by mainland enterprises in Taiwan during the first 10 months, and the total funds involved rose by 36.9 percent year on year to $120 million.

Taiwan has approved a total of 1,454 investment projects from the mainland, involving $2.41 billion, since the island allowed mainland investment in June 2009. Wholesaling and retailing, electronic components and banking have attracted the most investment. 

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US