A Ministry of Economic Affairs official called on domestic enterprises Thursday to diversify their markets and investments from China to other countries in a bid to help reduce Taiwan's ever-growing reliance on the Chinese market.
Vice Minister of Economic Affairs Steve Chen (
It is true that Taiwan's exports to and investments in China have been rising at a rapid rate year by year, with accumulated investments by Taiwanese manufacturers amounting to US$32.9 billion, Chen said.
The figure accounted for more than 50 percent of the total amount of Taiwan's overseas investments, showing the over-dependence of the nation's economy on the Chinese market, Chen claimed.
Chen added that entrepr-eneurs should be careful about investing in China.
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