Taiwan-funded companies remain big players in Dongguan

Taiwan-funded companies that have invested in Guangdong province's city of Dongguan, a major manufacturing center in the Pearl River Delta, have maintained sustainable business growth there and many of them have been introducing smart solutions to cope with rising production costs, according to leading businessmen.

"There haven't been hundreds of Taiwan-invested companies moving their businesses out of Dongguan," said Tsai Jinhong, chairman of the Taiwan Businessmen Association (Dongguan).

Some overseas media reported that over 1,000 Taiwan-funded companies in the mainland had closed or moved to other regions because of the local government's industrial upgrading policy.