Tue, Mar 19, 2002 - Page 17 News List

Banks loan NT$104bn for China investments


Taiwan businessmen in China borrowed NT$104.5 billion (US$2.985 billion) from Taiwan banking institutions for investments across the Strait, a senior central bank official said yesterday.

Governor Perng Fai-nan (彭淮南) told legislators that Taiwan sustained a trade surplus with China if commercial trade and labor services are taken into account.

Taiwan Semiconductor Manu-facturing Co (台積電) and United Microelectronics Corp (聯電) have capital investment ceilings for China of US$1.57 billion and US$1.34 billion, respectively.

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