Firms find China has improved

PROFIT CENTER China is becoming more business friendly, but multinationals there still face challenges, the Economist Intelligence Unit said in a white paper

By Joyce Huang / STAFF REPORTER

Taiwanese companies, with their upper hand in languages, business culture and human capital, may be able to compete with foreign players to take a sizable market share in China's service sectors, such as logistics, publishing, education and media businesses, Lin added.

Meanwhile, the EIU forecast 5.8 percent GDP growth for Taiwan this year, and 4.8 percent next year.