The Executive Yuan yesterday approved the initial list of industrial sectors the government plans to open to Chinese investment after making some slight adjustments to the list.
The revisions were made after the Democratic Progressive Party (DPP) raised concerns about the impact on national security. However, not all of the DPP’s suggestions were accepted.
The Executive Yuan did not remove all the items related to airports and harbors from the infrastructure sector categories, as the DPP had demanded. It did remove entry-and-exit facilities for vessels in harbors, breakwaters and customs clearance for passengers.
The Executive Yuan said it would place restrictions on Chinese capital use in airport and harbor infrastructure projects, but did not explain further.
Among the 25 categories in service sector, water transportation and civil aviation industry, were left open to Chinese investment despite their importance to national security.
In the manufacturing sector, 65 categories will be opened initially to Chinese investors, including passive component industry, electronic products, computers and optical goods industry.
But Chinese medicine manufacturing was taken off the list because of concerns that opening the local industry would damage it.
The new regulations will take effect on June 30.
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