Sat, Jan 01, 2011 - Page 12 News List

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


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.

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