Business / Economy

Mainland approves more Taiwan investment projects

(Xinhua) Updated: 2015-12-12 14:52

BEIJING - The Chinese mainland approved 2,288 projects with investment from Taiwan in the first 10 months of 2015, a year-on-year increase of 20.9 percent, the Ministry of Commerce announced on Friday.

The mainland recorded $1.27 billion of actually utilized investments from Taiwan during the same period, down 27.7 percent year on year, the ministry said.

As of October, the mainland had approved 94,624 projects funded by companies from Taiwan. Taiwan's investment in the mainland totaled $62.42 billion.

Trade between the mainland and Taiwan reached $153.24 billion in the first 10 months, down 5.7 percent year on year, and accounting for 4.7 percent of the mainland's total trade volume with other countries and regions.

The figure included $37.34 billion in mainland exports to Taiwan, down 3.2 percent year on year, and $115.89 billion in mainland imports from the island, a decrease of 6.5 percent, according to the ministry.

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