Sat, Jan 01, 2011 - Page 12 News List

Taiwanese investments in China rise by nearly 120 percent from previous year

AFP, TAIPEI

Taiwanese companies invested about US$13.3 billion in China last year, up 119.8 percent from the previous year, a report said yesterday.

The Investment Commission approved 408 China-bound investment applications last year in areas such as the electronics, petrochemical, automobile and banking sectors, Central News Agency said.

The largest such application was leading flat-panel maker AU Optronics Corp’s (友達光電) plan to spend US$3 billion on an LCD plant in China, it said.

Hon Hai Precision Industry Co (鴻海精密), the parent company of Foxconn (富士康), was authorized to invest US$1.2 billion in China last year, it added.

Hon Hai is the world’s largest computer components maker and produces goods for Apple, Sony and Nokia.

Comments will be moderated. Keep comments relevant to the article. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. Final decision will be at the discretion of the Taipei Times.

TOP top