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Investment in China falls
Taiwan's corporate investment in China fell 41 percent to US$262 million in April from a year earlier, the Investment Commission under the Ministry of Economic Affairs said, without giving any reasons.
In the first four months of the year, approved corporate investment in China fell to US$1.47 billion from US$1.74 billion, the commission said yesterday on its Web site.
Taiwan businesses have more than US$100 billion invested in China, the nation's biggest trading partner. Companies including Taiwan Semiconductor Manufacturing Co (台積電) have sought greater access to China, where labor costs are cheaper and customers and rivals are moving.
Foreign investment in Taiwan last month fell 38 percent from a year earlier to US$260 million, according to the report. For the first four months, it fell to US$736 million from US$1.19 billion.

Surplus narrows
Taiwan's current-account surplus, the broadest measure of the flow of goods and services, narrowed in the first quarter to US$4.18 billion from US$5.93 billion a year earlier, the central bank said in a statement in Taipei.
The financial account, which measures investment flows, showed a surplus of US$7.25 billion after a US$1.97 billion deficit in the previous quarter, it said.

NT dollar falls
The New Taiwan dollar yesterday traded lower against its US counterpart, declining NT$0.019 to close at NT$31.319 on the Taipei foreign exchange market.
Turnover was US$475 million, down from US$718 million the previous day.

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